Condo for Sale in Colonia Arenal, Baja California Sur, Mexico

Live the Cabo Lifestyle or Earn Rental Income!

Top floor 2 bedroom, 1 bathroom condo in central Cabo San Lucas with rental income. Walk to the nightlife, restaurants, and beach. Shop one block away at City Club, a massive store with food, electronics, furniture, liquor, etc. Banks and McDonald's are also close by. This is a very convenient in-town location. No car is needed. Well maintained condo built in the late 80s. Gated complex. By buying in the town instead of right on the beach, you can live the Cabo lifestyle without spending your life savings. It is walking distance to the beach (about 4 blocks). You are within 5 minutes to downtown, a 15 minute walk to pretty much anything interesting in downtown Cabo San Lucas.

Click the website link for a map of central Cabo San Lucas. You can see the Coromuel complex near number 7 on the map. The property is in the same complex as the Villa La Paloma hotel. One the other side of Blvd. Lazaro Cardenas they are building the upscale Puerta Cabos Village, where condos are reportedly selling for $488k to $877k at pre-construction prices.

The condo currently has a tenant on a 6 month lease and is earning income at 6000 pesos per month. Earn some income until you retire to Cabo. Rent could be much higher if rented on a nightly basis, which some owners in the complex do.

Seller can ask tenant to leave, if buyer so desires, when earnest money become nonrefundable (after inspection period).

Expenses are low. Property tax for entire year of 2008 was only $74 US. Condo association fees are only $113 US per month for 2008 and cover water, sewer, and ground and pool maintenance. Power is paid by the tenant.

I will be surprised if you find any other two bedroom this price anywhere else in the town limits of Cabo San Lucas.

If you require financing, the Gringo Gazette newspaper (available online) usually contains several ads for companies that provide financing.

Please contact me for showing instructions or if you have any questions.