Hospitality property for sale in Jacó, Garabito · 2,070 m²

Secure Turnkey Operation Compound Of Luxury Home And 8 Individual Apartments In “ Ricos Y Famosos”

This fabulous and very secure luxury estate compound includes an elegant and well-built 3-bedroom master home with an open floor plan and 8 completely outfitted and well rented apartments. The entire enclave has been completely remodeled and has great extra potential vacation rental income with a total of 8 bedrooms. This private and secure world is a haven of quiet elegance and refreshing living. Great moneymaker. The owner is currently having only long-term rentals with very high occupancy, and rentability can easily increase when rented short term for Tourism or Airbnb, VRBO, HomeAway, etc.

• The beautiful, completely renovated property – with 40 solar panels – is on a titled lot of 1570 m2 (17 900 ft2) + 500 m2 (5400 sq ft) of protected riverside. The entire complex is surrounded by a high solid cement wall topped by two rows of military grade razor wire. The main gate is solid wood over three meters high and monitored by surveillance cameras.
• Located at only 10 min walking from the center of Jaco and the beach, in an exclusive quiet and secure neighborhood. There are shops and stores of all kinds within easy access.
  The property has:

1. 6 independent newly added apartments, 1 bed and 1 bath,

2. A 2-story building with 2 identical apartments of 110 m2 (1,185 sq ft) each. They have both a great living room with open kitchen, 2 bedrooms and two bathrooms and come with complete modern furnishings and equipment.

3. The master (also Just renovated )house is a one floor 275 m2 (2960 sq ft) well-built home, with a very great living room with mock fireplace, an ample open kitchen with broad counter and a pantry. The two guestrooms each have their own bathroom. The very large master suite has the biggest bathroom you can imagine with all the facilities including a large walk-in closet. The master room has a great pool view as well as a very large screen TV. The floors are polished tile to complement the solid wood doors. There is a large, covered patio on the pool side with a stand-up bar to the kitchen. There is an indoor security system with 8 cameras.

4. A completely covered private swimming pool in the secluded back of the house is paired with, a Miami Jacuzzi with two 3.5 HP and lots of deck space for sunbathing or for a big party.

5. Underroof gym area with outdoor showers. The terrace and garden areas are full of different fruit trees, orchids, and flowers. The walls are covered with bougainvillea in many different colors.

6. Large laundry room facility plus a pool house with modern US pump and filter system. Also, a new bathroom and shower has been added.

7. Completely fenced-in green zone bordering the river with a refreshing gazebo, a large recreation rancho with a huge under roof barbeque area, a bird shelter and dog enclosure with house. There are security LED lights and cameras all around the garden.

8. What is very important for the digital nomads, there is a 200 Mb Fiber optics network and as redundancy there is also a 200 Mb network from the local cable service.

9. Owner is renting out the 8 apartments on a long-term basis with as result a 4 to 5 % ROI. Always there is existing a commercial opportunity to rent short term wit higher rates, which will create easy a 10% to 12% ROI.

There is a covered parking area for 4 cars and also a large tool shed and workroom and a lot of storage facilities all around the place.

The house was finished in 2006 and the renovation was done in two parts one in 2018 and the final one in 2022 and just finished including the installation of 40 Solar Panels producing all the electricity needed as well as a new roof. A true Gem for a great price! Owner is motivated. Asking now only $2,400.000 (appraised before renovation at over $2.4 million)

Down payment $1M minimum with balance 8.5 % interest rate with owner financing