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Picaso Building - Passive Income

Jaco, Puntarenas

$2,990,000

ID: 26584

Property Status:

Active/Published
  • 27 Bed
  • 15 Bath
  • 5 Half Bath
  • Acres 0.49 Acres
  • Floor Area 13,132 (sq.ft.)
  • built Built 1980s
ID: 26584

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agent

Listed by

Beth Beaird

Coldwell Banker Central Pacific Properties

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By completing this form, you agree to Coldwell Banker Costa Rica Terms & Conditions, and Privacy Policy, and to receive notifications about relevant properties and/or information.
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Location: Jaco, Puntarenas

Just a few blocks from the beach and downtown Jacó, this 88% occupied mixed-use investment property offers immediate cash flow, low maintenance ownership, and long-term upside in one of Costa Rica’s most desirable coastal markets.With proven $23,300 USD in gross monthly income and only $1,000 USD/month in operating expenses, this property delivers an estimated 8.9% annual ROI / cap rate for nearly passive income!This is the definition of a turnkey, passive-income asset.Property Highlig…Read More
Just a few blocks from the beach and downtown Jacó, this 88% occupied mixed-use investment property offers immediate cash flow, low maintenance ownership, and long-term upside in one of Costa Rica’s most desirable coastal markets.

With proven $23,300 USD in gross monthly income and only $1,000 USD/month in operating expenses, this property delivers an estimated 8.9% annual ROI / cap rate for nearly passive income!

This is the definition of a turnkey, passive-income asset.

Property Highlights
6 fully furnished 2 bedroom 2. 5 bathroom apartments
9 modern studio apartments
10 high visibility commercial storefronts on Av. Amapola
2 storage warehouses
1 private 3 bedroom 2 bath home
1 stunning penthouse featuring breathtaking jungle views and a huge indoor outdoor terrace

Recent Improvements & Features:
3 studio units recently renovated
Separate laundry for all residential units
Large resort-style swimming pool
Spacious private on-site parking
Tenants pay all utilities
Extremely low maintenance operation
Approximately 88.5% occupancy overall, with residential rentals currently 100% occupied
Proven stable rental history
Prime Walkable Location

Located in the center of Jacó, tenants and guests enjoy walking access to:

Playa Jacó
Restaurants & nightlife
Pharmacies
Banks
Clinics
Grocery stores & shopping

A brand-new shopping center nearby is currently nearing completion, bringing even more convenience, dining, shopping, and long term value to the area.

Plus, the property is only approximately 1.5 hours from Juan Santamaría International Airport, making it highly attractive for both local and international renters.

Investor Advantage
Immediate cash flow from day one
Strong tenant demand
Diversified income streams from residential + commercial units
Seller financing possible for qualified buyers
Leases and income documentation can be provided once under contract to verify revenue

Whether you’re looking to expand your portfolio, secure a high-performing international asset, or own a low-maintenance income property near the beach, this opportunity checks every box. …Read Less
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Features

Click on Features to search by feature

• Appliances
• Bbq Area
• Close To Golf
• Close To Schools
• Close To Shops
• Close To Transport
• Commercial
• Fully Landscaped
• Furnished Fully
• Gated Community
• Income Producing
• Investment Opportunities
• Jungle Views
• Multi-Family
• Owner Financing
• Penthouse
• Pets Allowed
• Pool
• Split Air Conditioning
• Storage Unit
• Washer Dryer
• Parking Spaces
View All 0 Features

Location

Jaco, Puntarenas, Costa Rica

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agent

Listed by

Beth Beaird

Coldwell Banker Central Pacific Properties

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By completing this form, you agree to Coldwell Banker Costa Rica Terms & Conditions, and Privacy Policy, and to receive notifications about relevant properties and/or information.
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agent

Listed by

Beth Beaird

Coldwell Banker Central Pacific Properties

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By completing this form, you agree to Coldwell Banker Costa Rica Terms & Conditions, and Privacy Policy, and to receive notifications about relevant properties and/or information.
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