“Alcaraz” 9 Apartments, 1 Home

It is a total of 9 apartments and 1 house with great ocean view. There are 5 two-bedrooms apartments and 4 one-bedroom apartments. The house has three bedrooms and a gorgeous ocean view.

Condition. The apartments are in really good condition. The owners always have been taking care of this property carefully. This property is 30-year-old but with great maintenance and a solid construction. It is one of the best constructions forms those years, when the cost of materials was less expensive.

Administration area. These apartments in Manzanillo have an administration area that it is used as a front desk.

Location. The units are located on Olas Altas Area close to the boulevard on the hill, overlooking some of them Santiago Bay. Location it is excellent because they are at the entrance of the beach area of Manzanillo. The beach is walking distance. Also some restaurants and services are really convenient.

Parking. There are parking for 6 cars and there is room on the street for two busses if it is necessary. Parking is not an issue.

Rental business. The rentals could be a great business with a better care on promotion of the apartments. They have customers form years, because they enjoy the location and the convenience of the area. Some advertising on the neighbor states with the tour and travel operators would change dramatically the income. This property is excellent for big groups of people traveling at reasonable cost per person. The advantage of focusing on this market is no limits on seasons. They are year around market. They only want a good location because they come to enjoy the beach, but they do not have to be on the beach. This market is not demanding, but is important to offer a big number of beds to these groups.

Address: Calle 5 Colinas de Santiago, Suite 5 Type: Recreational Style:  Bedrooms: 12 “more” Bathrooms: 10 “more” Garage: 6-Stalls, Attached Size: 9,149 sq. ft. Lot Type: Rectangular Lot Size:  12142sq. ft.  79ft x 154ft “Regular” Year Built: 1980 “Excellent condition” Taxes: $20,000.00 (2010)