Apartment for Sale in San Francisco, Panama City, Panama

Beautiful Apartment with Magnificent Views

Sales Pitch
We are offering for sale this beautiful apartment in the district of San Francisco in Panama City, Republic of Panama.
This apartment is on the 25th floor with unobstructed views of the Pacific Ocean where you can sit in either your living room or on your balcony and watch the ships line up to enter the Panama Canal for their journey to the Caribbean [Atlantic Ocean] Also there is usually a breeze drifting through the apartment from the ocean side which is always welcomed, instead of using the air conditioners.

About the Apartment
The apartment is 2 years old and has been totally redecorated, floors refinished and the wood work restained. To be very honest – it is in nicer condition than when it was new. All the faults / imperfections have been taken care of.
Let’s start by size. 147 square meters or 1,582.30 square feet
There are 3 good sized bedrooms. Family room, Living / Dining room, Laundry, Kitchen [w] Granite counters, Maids room and 3 1/2 luded in the price are - 5 Air conditioners and all the ceiling lights & ceiling fans, fridge, counter top stove, oven, hot water heater, washer & dryer.
[gas included in maintenance fee].
As you can see in the pictures the front windows have a tint to prevent the fading of your furniture and to help keep the apartment cool. The bedrooms and family room have new Roman blinds.
As a bonus – There is a locked, personal storage room and this apartment comes with 2 parking places under cover in the attached parking garage, next to your personal storage room.

The Building
Where to start, it offers so much.
24 hour security, 2 apartments per floor, completely sound proof, beautiful entrance with well kept grounds, 2 high speed elevators, gym, sauna, Jacuzzi, games room [ping-pong etc.] social room, lawn / lounge chairs, well kept huge pool, children’s play park and a extremely large outdoor social area, and all this overlooking the Pacific Ocean.
Across the street is the Atlapa Convention / Entertainment Center where the visiting entertainers hold their venues. Down the street is the Sheraton Hotel that has exquisite Dining and a large casino. The entrance to the corridor is 1 minute away, this is the road that takes you directly to the airport in about 15-20 minutes, or going the other way into Panama City Center in about 5 minutes. A very large super market is 2 blocks away, as well as hardware etc. stores. You have all the inner city conveniences without the noise and hustle. This building is sold-out and with good reason “It’s a great place to live the Panamanian Care-free Lifestyle”

Price
Complete with all the mentioned extras $260,000.00 this also includes your S.A. company with a value of $1000. The S.A. company is recommended by all Panamanian Lawyers and the Government as your safety assurance. [ask a lawyer for details]
The monthly maintenance fee is $227.00
Please remember that there is an 18 year exemption on taxes so the maintenance fee is next to nothing. Imagine NO TAXES until 2030

As an investment
We have rented out the apartment for the last 2 years. At present the going rate is $2000 - $2200 per month for an apartment of this caliber, on the 25th floor, with an ocean view, which calculates out to 9.5 – 10% on your investment. No too bad for owning a piece of paradise.