Apartments for Sale in San Pedro, Belize

Waterfront W/5 Apartments

This double lot is 75' deep and boasts 140' of water frontage. Each of the two lots has its own title. Good deep water access would allow for a nice boat slip. A wooden retaining wall is in place and the lot has been backfilled and raised above the surrounding area.

Building 1 is one bedroom with a kitchen, huge bath, shower and double vanity.

Building 2 is one bedroom with kitchen and shower.

Building 3 is one bedroom with bath.

Building 4 has a one bedroom with shower and kitchen area and a second one bedroom with separate living, kitchen and bath are.

The 5 apartments have just been completed in September 2010 and new water meters installed for each.

The apartments will rent for approximately $20,020.00 USD per year, realizing you a 11.44% return plus appreciation.

An 80 acre tract directly across the canal has been identified for a resort complex including a new hotel, condos and homes. A marina is also projected. This will significantly increase the value of the surrounding property.

The owner will consider financing with $100,000 down at 10% for 7 years. Payments would be $1245.09 per month and income from the apartments would be $1,668.33 per month which is more than enough to cover the note.