True Quality and Taste in 3 Apartment Complex overlooking Mountains in Palmares

ID CODE: #3218
Sales Price: US$265,000
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  • Land: 434 m2 (4,669 sq.ft.)
  • Construction: 360 m2 (3,873 sq.ft.
  • Bathrooms: 4
  • Bedrooms: 8

Features:

  • 3 Apt Complex
  • 2 - 2BR/1BA Apartments ($850/month all inclusive, long term rate discounts)
  • 1 - 4BR/2BA Apartment
  • American Style Basement
  • Backup Water tank
  • 3 Parking Spots, walled and gated
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Ever wanted to Own a B&B or Boutique Hotel? This 8 BR Home|Rental Complex is a Beautiful, Income Producing, Tropical Paradise. Opportunities like this don't come around often, and there is nothing else like it for miles and miles...

3+ Units, Large Yard, Backup water tank, hot tub, basement and attic, electric opening gate- beautiful gardens and attention to detail throughout.

Palmares is a little known secret gem. Warmer than its close neighbor San Ramon, with all the amenities of a small city and lovely Old Spanish colonial charm, the residents of this city take great care of their roots, and the same can be seen in this 3 unit townhouse.

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The building is completely secure with a stone wall around the outside, an electric opening main gate that opens to the 3 parking spaces. The structure has 2 stories - 2 apartments on the first level, and a larger rental or owners apartment on the 2nd floor. The 2 apartments on the ground level each have the same layout- 2BR/1BA, wash sink area, full kitchen and living area, nice large bathroom. Each is wired for cable and internet, and come completely turnkey with all furniture and appliances - nice furniture! Ready to rent! The upstairs unit is a 4 BR/2 BA home with eat in kitchen and separate living room. All the apartments are beautiful painted with bright colors, beautiful wooden cabinetry, large built in closets - the tropical feel and warmth of each home is refreshing, and each is filled with natural light. With little effort, however, the whole building could be converted into a large single family home, or divided even further into 4 units by splitting the upstairs larger unit. And the views to the mountains are simply awe inspiring. Sit out on the full length terrace and enjoy the views and mountain breezes.

To maximize on the space, the owner built in a full dry basement that was constructed to North American building codes. It houses all “bodega” equipment leaving room for a large yard with hot tub, gazebo and areas to play and have all your friends and family for a BBQ. You could even put in a nice sized pool with little effort.

The nice thing about this property is the versatility. If you are looking to retire in a nice safe area, with a little effortless income - this is the only rental of its kind in the area. Or you could have a large family home with lovely views and great yard, fully secure with gates and electric entry. It would also make a lovely B&B, or small boutique Hotel - something Palmares does NOT have. So whether you see this as a great place to live, a great investment, or both, come see this property today.

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