The owner offers an extremely attractive buying / renting concept for an investor or a company. Opportunity to buy now and have a tenant for a period of 5 years, allowing the condominium to take a good value given its unique location, and an excellent return on investment for the buyer. Building with tourist zoning C11; with manager (reception desk in the lobby and security guard 24hrs on 24). Possibility to entrust the rental of your unit 3 bedrooms. According to the data of the current manager; rental rate at around 50%; Average rental price for a 3 bedroom is $ 0.31 / pc / night so for 1388pc (unit 709), it would give $ 430 / night for a minimum of 2 nights, so $ 860 / rental 2 nights. If you consider a rental rate of 50% (181 days rented in the year); the revenue potential for this tourism rental unit would be $ 77,830 annually less management fees and other current expenses. INFORMATION to be confirmed with the manager in place.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.