Nine-Room Hostel/Pension Business (Or Just Nice Lot) in San Pedro - US$90,000 (JUST REDUCED!)

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Status: For Sale / Se Vende Price / Precio: US$90,000 Neighborhood: Lourdes Town/City: San Pedro Zone: San Jose (East / Este) Type: Building / Edificio Bedrooms: 9 Full Baths: 3 Size: 3,500 ft2 (330 m2) Age: 1975 Lot Size: 2,900 ft2 (270.79 m2) Email us about this listing Search@TheRealEstate.net www.TheRealEstate.net Tel: +(506) 2272-4349

PRICE JUST REDUCED FOR QUICK SALE!!!!

Lourdes, San Pedro (Montes de Oca) - This is a great opportunity to acquire this property that has a variety of potential uses. The 2,900-ft2 (271-m2) property is currently being used as a budget pensión/hostel (with all necessary permits and licenses). The 3,500-ft2 (330-m2) structure has a total of nine bedrooms, three bedrooms, etc.

The structure is currently divided into two sections:
1 - An apartment with three bedrooms, one bath, living/dining area and very small kitchen, and
2 - An area with six bedrooms, two baths, central social area, communal kitchen and laundry area, etc.

The accomodations are basic yet comfortable, mostly with budget travelers and students in mind. It's in a great location, very close to universities (U. Latina, University of Costa Rica, etc.), and within easy walking distance of shopping, restaurants, nightlife, etc., yet it is located along a quiet side road (on a cul-de-sac).

The individual rooms currently rent for about $160-$180 per month, while the apartment rents for about $400/month. At those prices, the net monthly income is on the order of $800 to $1,200 per month (depending on the occupancy). But, at such a low purchase price, that's a good return on the investment. You could make even more money on nightly/weekly rentals, but the current owner chooses not to do much of that (as it requires a bit more attention).

Alternatively, an owner could live in the three-bedroom apartment and still rent out the other six bedrooms (giving you a residence as well as a source of income!).

The structure is approximately 30-35 years old. It has two telephone lines, cable TV, high-speed Internet, etc. Given the location (so close to everything), it would also be a great place for offices, etc. Furthermore, just the lot would be valuable, with the potential to tear down the structures and then build up to six condos, etc.

Features	Services
Fully furnished / Amueblado Independent apartment / Apartamento independiente Near Freeways / Cerca de la pista Near Shopping / Cerca de tiendas	Cable TV / TV por cable High-speed Internet / Internet alta velocidad Telephone / Teléfono