Prime Investment Opportunity

$674,157
Sale

84359350

Property ID

420 SqFt

Size

Description

Two-Story Commercial Apartment Complex in Oranjestad, Aruba

Nestled in the heart of Oranjestad, Aruba, on the esteemed Zuster Cherubinestraat 6, this two-story commercial apartment complex offers an unparalleled investment opportunity. With its convenient location, promising rental income potential, and spacious layout, this property presents the perfect canvas for those seeking a lucrative venture in the real estate market.

Property Overview:

Land Size: 873m²
Built-Up Area: 420m²
Apartment Count: 9
Building Structure: Two-story
Condition: Requires Tender Loving Care (TLC)
Key Features:

Central Location: Situated in the vibrant heart of Oranjestad, this complex enjoys easy access to essential amenities, including shopping centers, restaurants, schools, and recreational facilities. Its proximity to key transportation hubs enhances its appeal to potential tenants, ensuring high occupancy rates and steady rental income.

Income Potential: Despite its current need for TLC, this apartment complex boasts a history of generating robust rental income, offering investors a promising return on investment. With nine individual units spread across two stories, each with its own unique layout and features, there is ample opportunity to attract a diverse range of tenants, from young professionals to families and retirees.

Spacious Layout: Spanning a generous built-up area of 420m² across two stories, this complex provides spacious accommodations for residents, ensuring comfort and convenience. Each apartment offers a blend of functionality and style, with well-proportioned living spaces, cozy bedrooms, and practical kitchen areas.
Potential for Renovation: While the property may require some TLC to restore it to its full potential, this presents an exciting opportunity for investors to add value through strategic renovations and upgrades.

Whether it’s modernizing interior finishes, enhancing common areas, or optimizing energy efficiency, there are numerous possibilities to elevate the appeal of this two-story complex and command higher rental rates.

Scenic Surroundings: Beyond its practical amenities and potential for profit, this complex benefits from its picturesque surroundings, with glimpses of Oranjestad’s vibrant cityscape and serene natural beauty. Residents can enjoy leisurely strolls in nearby parks or soak in the breathtaking views of the Caribbean Sea, creating a tranquil oasis amidst the urban bustle.

Investment Potential: With its prime location, solid rental income history, spacious two-story layout, and significant opportunities for improvement, this commercial apartment complex represents a compelling investment opportunity in the flourishing real estate market of Oranjestad, Aruba.

Whether you’re a seasoned investor looking to expand your portfolio or a newcomer seeking a promising venture, this property offers the perfect blend of potential and profitability.

Don’t miss out on this chance to capitalize on the thriving rental market of Oranjestad. Schedule a viewing today and unlock the full potential of this remarkable investment opportunity!

Address

  • Country: Aruba
  • City / Town: Oranjestad
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  • Property ID 84359350
  • Price $674,157
  • Property Type
  • Property status
  • Bedrooms 0
  • Size 420 SqFt

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Contact

Dylan CROES

Property Agent
+2975693904
dylan.croes@rogaruba.com
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