Property Picture 2

Property Details

  • Sale Price:

    $320,000

  • Price per M2:

    $3,200

  • Location: Casco Viejo, Panama City, Panama
  • Property Type: Apartment - PID 4419
  • Bedrooms: 1
  • Built Area: 100 m2 (1,076 sq.ft.)
  • Total Area: 100 m2 (1,076 sq.ft.)
  • Title Status: Horizontal Property Title

Property Description

Turn key Incoming producing Apartment in Casco Viejo with Guaranteed Monthly Return. The apartment for sale is located in the Building Las Monjas which is located on Av. Central between Calle 3 and 4.  It is located on the back portion of the building, and as a result it is much quieter and private. The apartment has a very long term tenant who is in place until July, 2016. It is a GREAT investment for someone that doesn't have to live in the apartment.

The apartment, and entire building is managed by Los Quatro Tulipanes, who also manage the Canal House (Premier Boutique Hotel) in Casco Viejo. They guarantee net returns of 975 per month, and handle all the maintenance, minor repairs and upkeep. In addition to the management program, the property owner is allowed to use the property for a total of 30 days each year. The days can be split up throughout the year, and the monthly income is guaranteed for these 30 days as well. The apartment has property tax exonerations through 2030, and is to be sold completely furnished including flatware. 

The apartment consists of 100 m2, and includes a private patio and windows in every room.

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Sale Price

$320,000

Price per M2

$3,200