A Sweet Deal
A Sweet Deal
Actually this newsletter includes a couple of sweet deals…
Profitable Rental Or Resell Deal
The first opportunity I want to draw attention to is chance to purchase of a two bedroom house in Granada for just US$27,000. It is currently rented to a tenant/cuidador on a 6 month contract for just $100 a month. It should rent for $200 to $250 plus utilities.
A two bedroom house for under $30K in Granada is an attention grabber any day of the week. However, this property includes an adjoining empty lot that is a twin of the lot with the house situated on it. Subdivided, the two lots would have 30+ meters of road frontage each. Originally priced at US$33,000, this clear title property is a bargain.
It gets better… the owner will consider financing the purchaser for 36 months. This property will not last long! Contact Nica Investments now!
Fully Serviced Building Lots
New home contruction in Nicaragua is healthy, and as such prices of quality buidling lots is on the rise. However, I recommend caution when looking at building lots in developments that promise future infrastructure or features, such as golf courses, parks, resort structures, etc. In some cases the developer will need to sell lots to fund the promised infrastructure or features. It is not uncommon for sales to lag and promises made to purchasers go unfulfilled for a long while… or never materialize.
My advice is always to wait until infrastructure at least is in place or, if time is of the essence, to look elsewhere. This said, there are developments ready to go. One of there is Colinas de San Juan.
Located just 10 minutes from Granada city’s Central Park, Colinas de San Juan is comprised of beautiful, flat building lots situated on paved roadways, with utilities already in place. Each lot is approximately 1700 square meters and are priced from just US$32,500.
Check out the previous Nica Investment Newsletters.