Description
This incredible investment opportunity is perfectly placed in the Mision Del Mar Plaza right outside of the prestigious Las Conchas seaside community at the intersection of two major high traffic thoroughfares. The cozy and modern colonial style commercial mall features 52 commercial suites with assorted shops and restaurants. As an investment, it boasts over an 8% cap rate. (Yearly return on initial investment). It nets $16,200 USD annual rent income after POA expenses of $150 USD monthly. Property taxes yearly are only $74 dollars annually. It's pure profit! It currently has a great, stable, long-term tenant who has occupied the space since 2015 and is willing to renew after their current lease expires in Dec 2024. This is PASSIVE INCOME AT IT'S BEST! DON'T MISS THIS OPPORTUNITY!
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0BEDS
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0.03ACRES
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1BATHS
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01/2 BATHS
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1,150SQFT
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$165$/SQFT
School Ratings & Info
Description
This incredible investment opportunity is perfectly placed in the Mision Del Mar Plaza right outside of the prestigious Las Conchas seaside community at the intersection of two major high traffic thoroughfares. The cozy and modern colonial style commercial mall features 52 commercial suites with assorted shops and restaurants. As an investment, it boasts over an 8% cap rate. (Yearly return on initial investment). It nets $16,200 USD annual rent income after POA expenses of $150 USD monthly. Property taxes yearly are only $74 dollars annually. It's pure profit! It currently has a great, stable, long-term tenant who has occupied the space since 2015 and is willing to renew after their current lease expires in Dec 2024. This is PASSIVE INCOME AT IT'S BEST! DON'T MISS THIS OPPORTUNITY!
© 2023 Multiple Listing Service Puerto Penasco, A.C. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Costa del Mar. Data last updated: 2023-12-10T20:52:54.41.