Historic 30 Apartment Building For Sale in Bella Vista Panama

5-story building for sale in downtown Panama City, Panama. 30 total units on a large lot with high-density zoning.

The building was originally built in the 1950’s so each unit has high ceilings and the front side units have balconies looking out over the city.

Property is in a sweet spot in terms of urban development! Close to the new metro line, walking distance to the financial center, and a great location for working-class tenants, most of whom are able to walk or ride the bus for work.

Value-added activities can include converting the first-floor units to commercial space or adding additional levels. The lot is spacious and the current design has a top-floor common area with laundry and a small lobby. This could be converted into units.

A lovely gem of a building! The current monthly rent is $11,500. At total occupancy, $12,600. Current expenses are just under $2,000/month.