Residential Rental Community in Boquete, Chiriqui, Panama
2,500,000 USD

Residential Rental Community in Boquete, Chiriqui, Panama

Great Monthly Income Producing Rental Property

Asking Price: 2,500,000 USD
A very attractive investment opportunity.

Gorgeous rental development available in the scenic mountain community of Boquete, located in the western highlands of Panama. Long known as one of the world's most desirable expat retirement destinations, Boquete is a magnet, drawing in both foreign adventurers and local residents seeking a high quality, high value, yet affordable lifestyle. Nestled in the lush mountains of Panama at nearly 4,000 feet (1220 meters) above sea level, Boquete enjoys a year round, spring like climate. Although located in the equatorial tropics, Boquete's elevation means that daytime temperatures rarely climb over 75 degrees Fahrenheit (24C) and nighttime temperatures average in the 60's (16C). The rich, volcanic soils in the area support a sizable agricultural industry utilizing both traditional and organic farming techniques.

Boquete Cottages is a unique residential rental community catering to the growing number of people coming to the area for adventure or to call Boquete their home. The property consists of one 3-bedroom home, seven additional 1-bedroom cottages, one loft style apartment and two 2-bedroom cottages. Each unit is completely furnished and include all appliances, kitchen utensils, microwaves, smart TVs, bedding and linens.

Located just 2 miles from downtown Boquete, the project is situated on 2.6 acres (just over 1 hectare) of beautifully landscaped grounds, secured with perimeter fencing and automated front gate entrance. The property features paved interior roads, underground electrical utilities, 5,000 gallon pressurized water system and a wireless Internet broadcasting system providing high speed Internet access to all of the units. There are currently eleven units on the property and we have local approvals for an additional four units.

INCOME IS KING

In today's financial environment it is becoming increasingly difficult to generate sustainable income streams without taking on significant market risk. Hard, tangible assets are destined to become the attractive alternative to paper based financial instruments. Boquete Cottages offers the advantages of owning real property while, at the same time, producing attractive, predictable income flows.

Boquete Cottages is currently operating as a long term, residential rental real estate business. All of the rental units are occupied and under lease agreements. Since its inception, Boquete Cottages has been the premiere rental community in Boquete and has had high demand for its elegantly appointed cottages and homes.

OTHER POTENTIAL OPPORTUNITIES

Although the property is currently managed as a long term residential rental community, other opportunities can be pursued. Boquete Cottages would be suitable as an Air B&B business, small resort or a combination of long term, short term and nightly rentals. The main 3-bedroom house is perfect as an owner occupied residence while the remaining ten units provide an attractive monthly income.

Check out the link below for our short, informational video or contact us for more information and detailed offering documents.