Home with Independent Rental Apartments for Sale in 500 Meters From the Ocean, Tamarindo, Guanacaste, Costa Rica

Must Sell Before December!!

This is the chance of a lifetime to buy a home with a built-in source of income within walking distance of the warm waves of famous Tamarindo Beach, but you must act quickly!

The rectangular lot is on a hillside, with the house at the back (top) hidden in the lush growth of trees and a tropical garden. The three-bedroom two-bath home has air conditioned bedrooms and an open-air kitchen/living area. There is a small basement under the house and a roofed laundry area behind.

In the middle of the lot, between the street and the house, there is a structure with two functioning one-bedroom rental apartments. The apartments are fully furnished and generate an income of $800 - $900 per month.

A third apartment space in the same building is currently being used as a workshop for repairs and mechanical work, but has all the preparations to be a large two-story apartment. Another small workshop/storage building sets closest to the street and can easily be converted into a 4th rental.

My husband who built everything on the property estimates that with $30,000 the two workshops could be converted into finished furnished apartments. We have been able to keep both of our rental apartments occupied all year long since the middle of 2008 when we started advertising them on Craigs List.

The property is fenced, furnished, has electric service, water service, two telephone lines, cable tv/internet service and two large water storage tanks that provide water by means of gravity.

The sale of this property needs to take place before the end of 2010. By mid-December, we must be in the United States. My husband who is Italian received a US resident visa (green card) in June and he has 6 months to use it or lose it. For that reason, we are willing to sell this property for far less than its actual value.

We have a fabulous financing option available for over 50% of our asking price and we must sell immediately. Contact us for more information and pictures of the property and structures.