Investment Opportunity Zona Romantica Puerto Vallarta
• single story – $1,400,000.
Zona Romantica, Puerto Vallarta – DEVELOPMENT SITE or RENTAL PROPERTY or BOUTIQUE HOTEL??
The Olas Altas Condominiums, most well-known for its Birdcage condo, are all for sale at one time to appeal to a developer, investor or rental/hotel operator. The complex is a charming colonial Mexican development not unlike a small village, consisting of seven 1-bedroom units, 6 of which are between 54 and 55 sq. meters and 1 of which is 73 m2. All are split-level and all are in excellent condition, some of which have been remodeled and some of which are in their original Vallarta-style glory. The common area has a pool and garden area, as well as parking for 5 cars. An existing condominium regime is in place if desired by the purchaser.
The property has several potential uses. It can either be considered a development site with 589 m2 of deeded land. It is one of the only available parcels of land in the area, highly suited for a developer. It could also be considered an investment property for somebody who wanted to do long or short-term rentals. These types of properties are rarely available in this area. Ultimately, it could be considered a potential boutique hotel opportunity, operating all condos as individual private suites or cabanas with their own living rooms and kitchens. Whatever the use, this is surely a unique opportunity for somebody with clear vision.
The location is superior being flat and only a block to the sand of Los Muertos Beach and in the midst of some of Vallarta’s most popular restaurants, bars and shops. A rooftop pool and lounge area could have excellent views as well.
Warren Brander is an expert real estate agent with Warren Brander Realty Group in Puerto Vallarta. If you are thinking about buying or selling an investment property in Puerto Vallarta or the Banderas Bay area, contact him at (c) +52.1.322.200.2253, toll free +1 855 276 2901 or email: warren@wbrealtygrouppv.com.
You can also check out our website for a great selection of Puerto Vallarta Condos and Homes for sale at https://www.warrenbrander.com
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