Description
Apartment building 4 floors located in Bella Vista, Obarrio, Calle 56 Ground floor with two commercial premises Upper floor (2,3,4) 6 apartments 2 apartments per floor Land area 800.00 m2 Construction area 1,135.00 m2 Local 1: customer service area, waiting room, half bathroom, storage area. Local 2 (laundry): reception area, ironing area, half bathroom. The apartments are distributed as follows: -Dining room -Kitchen -Laundry -2 bedrooms -1 bathroom -Balcony Each apartment maintains an area of 115.00 m2 Building distribution Ground floor: 238.34 m2 First, second and third: 279.74 m2 Other improvements: Paving: 340.00 m2; Roofed garage: 95.00 m2; Warehouse: 24.00 m2 Building data Approximate annual net income: B/. 56,978.00 Approximate annual building expenses and maintenance: B/. 21,900.00 Zoning: 1ZM6 Property Registry: N.29956, Location Code: 8700 We present an incomparable investment opportunity in the heart of Obarrio, Calle 56, a 4-story apartment building in the prestigious Bella Vista neighborhood. This privileged property spans 800.00 m2 of land and has a total construction area of 1,135.00 m2. The ground floor houses two commercial premises, perfect for customer service, waiting areas, and storage. The upper floors (2, 3, 4) feature six carefully designed apartments, with each floor housing two exclusive units. Each 115.00 m2 apartment offers a comfortable living room with dining area, kitchen, laundry room, 2 bedrooms, 1 bathroom and balcony. The building layout optimizes space, with the ground floor measuring 238.34 m2 and the rear floors measuring 279.74 m2 each. Additional amenities include paved areas totaling 340.00 m2, a 95.00 m2 covered garage and a convenient 24.00 m2 storage area. The strategic location in Obarrio, one of the most exclusive residential areas in Panama City, guarantees proximity to the banking district, upscale restaurants, shopping centers and other amenities. This lucrative investment promises an approximate annual net income of B/.56,000.00, with annual construction and maintenance expenses estimated at B/.21,900.00. The property is zoned 1ZM6, adding value to this extraordinary opportunity in Panama City's thriving real estate landscape. Take advantage of the opportunity to be part of the thriving Obarrio community and secure a good investment for the future. The return on this property investment, according to the figures provided, is approximately 4.38%. Therefore, to achieve a 6% return on investment, the property would need to generate an annual income of approximately $76,800 which, with new management, could bring the income up to market rates. CURRENT INCOME DETAILS: Apartment Rents $600.00, $650.00 and $550.00 Commercial Rent $909.50 and $1070.00
