ID 997: Multi Unit Investment Property near Puerto Viejo
Puerto Viejo, Cahuita, Talamanca, Limón, Costa Rica
Basic Listing Information
- Price
- $225,000
- Listing ID
- RS2600130
- Property Type
- Multiplex
- Listing Type
- Residential Sale
- Status
- Active
- Images
- 18
- Beds/Baths
- 5/3
- Beds
- 5
- Baths
- 3
- Location Type
- Ocean-Vicinity, Suburban
- View Type
- Garden View
- Total Lot Size
- 500.00 m² (5,381.93 sq ft)
- Total Living Area
- 119.00 m² (1,280.90 sq ft)
Listing Images
This multi unit investment property near Puerto Viejo is a titled 500 square meters income producing asset located in Playa Negra, approximately 450 meters from the beach.
The property includes two buildings with three independent units: a rear duplex with two identical two bedroom apartments and a separate one bedroom studio. Corner lot positioning with two street access points allows for operational separation and flexible use. Shared amenities include an above ground pool and covered rancho.
With undeveloped space on site and limited commercial offerings nearby, the property presents strong potential for expansion, redevelopment, or mixed use conversion while generating immediate rental income.
Long Description
This multi unit investment property near Puerto Viejo is a titled 500m² asset located in Playa Negra, approximately 450 meters from the Caribbean coastline. The property is configured for immediate income generation while retaining clear upside through redevelopment, expansion, or mixed use conversion.
The site includes two separate structures comprising three independent rental units. At the rear of the property, a purpose built duplex offers two identical two bedroom apartments. Each unit includes a full kitchen, bathroom, air conditioning, and a defined living area, making them well suited for long term residential tenants or short term rental use. A separate front structure contains a one bedroom studio apartment with its own kitchen and bathroom, fully independent from the duplex.
The property sits on a corner lot with two separate street accesses, allowing for operational separation between units and flexible use of the site. Each residence benefits from its own outdoor sitting area, supporting tenant privacy and livability. Shared amenities include an above-ground pool and a covered rancho with an outdoor kitchen, enhancing rental appeal without over complicating maintenance.
A central portion of the lot remains undeveloped, presenting a clear opportunity to add additional rental units, a private residence, or a small commercial structure. Given the property’s location in a high demand section of Playa Negra with limited dining and service offerings, the layout and frontage also support a potential transition to a boutique restaurant, café, or other neighborhood scale commercial use, subject to permitting.
The property is currently occupied by long term tenants, providing immediate cash flow. A new owner may maintain this stable base or reposition the asset toward short term rentals to increase yield. This offering is a practical acquisition for investors seeking a functional, income producing property with tangible development flexibility in Puerto Viejo’s most competitive markets.
- Details
-
Roof Type Metal Number of Bedrooms 5 Number of Full Bathrooms 3 Number of Stories 1 Total Living Area 119.00 m² (1,280.90 sq ft) Total Lot Size 500.00 m² (5,381.93 sq ft) Floor Type Tile Construction Status Completed Year Built 2023 Air Condition Type Multiple Wall Units Furnished Type Partially Pool Type Above Ground Jacuzzi No Parking No Internet No Television No - Geography
-
Location Puerto Viejo, Cahuita, Talamanca, Limón, Costa Rica Country Costa Rica State Limón County Talamanca District Cahuita City/Town Puerto Viejo Location Type Ocean-Vicinity, Suburban Geographic Type Rain Forest View Type Garden View - Features
-
Exterior Features Included Access to Body of Water, Summer Kitchen - Infrastructure
-
Street Access Type Unpaved Road Type of Water Well Water Type of Sewer Septic Type of Internet Cable Internet Distance to Television 100.00 m (328.08 ft) Type of Electricity Public Distance to Telephone 100.00 m (328.08 ft) - Financial/Legal
-
Price per Air-Conditionable Living Area $1,890.76/m2 ($175.66/sqft) Price per Square Meter $450.00/m2 ($41.81/sqft) List Price $225,000 Ownership Type Personal
