For the property investor looking to capitalize on the mid-priced rental market, this 8 unit El Cangrejo investment property is smack dab in the middle of action on one of the busiest pedestrian streets in Panama.
There are two easy to rent street level shops (currently rented to a restaurant and hair salon) plus six cute two bedroom units averaging $700/month. Several tenants have been in for 10+ years, so a few units need remodeling of around $8000/apartment.
Lots of upside potential for a new owner who is willing to put some “love” back in to a fantastic building.
Sellers are three older brothers who have not been actively managing the property for many years. Contact us for additional pictures, a proforma on rental returns as well as a recent building inspection.