Income Producing, Commercial/Residential Building for Sale in Panama City, on the outskirts of Casco Viejo

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Property Details

Property ID
4417
Status
sold
Location
Casco Viejo
Property Type
Building
Sale Price
$ 850,000
Title Status
Property Title
Date Published
Apr 8, 2014
Updated
Apr 11, 2014

Property Description

Income Producing, Commercial/Residential Building for Sale in Panama City, on the outskirts of Casco Viejo.

The building consists of 5 floors with a nice rooftop with ocean and city views.  it is among the tallest buildings in the area which put it's views at an advantage over neighboring buildings. 

The building consists of a total of 12 apartments and 2 commercial spaces, all of which are rented out on a long term basis.  The current total monthly income generated from rents is 5900.00 USD. 

The building was constructed in 1965, and is comprised of all concrete and is solidly built.  The building could use some updating  – but is livable and currently 100% rented). 

This income producing building is located in an up and come coming area of Casco Viejo, between street 12 and street 13 on avenue A.

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