Pedasi Establishments

For Sale

Income Producing Oceanfront Apartment Building

$ 990,000

Prime Oceanfront Investment Near Playa Venao Discover a rare opportunity to own a fully leased oceanfront apartment building just 10 minutes from Playa Venao, one of Panama’s most vibrant coastal destinations. Located in the peaceful town of El Ciruelo, this solidly built 6-unit complex offers stable, long-term rental income and strong growth potential — making it ideal for investors seeking a turnkey, income-generating property with future upside. Property Overview 6 Apartments Total (2 per floor, across 3 stories) Each Unit: 2 Bedrooms, 2 Bathrooms, Open Living Area & Kitchen All Units Feature: Ocean and tropical jungle views Current Rental Income: $4,000/month from long-term tenants Occupancy: Fully rented – tenants working in Playa Venao’s tourism and service industries. Investment Highlights Immediate Cash Flow: All six units under long-term lease agreements Prime Coastal Location: 10 minutes from Playa Venao’s restaurants, surf, and nightlife Low Vacancy Risk: High rental demand from Playa Venao professionals and expats Strong ROI Potential: Upgrading kitchens, interiors, and finishes could significantly boost returns Versatile Asset: Perfect for passive investors, retirees, or operators seeking short-term rental conversion opportunities. Condition & Improvement Opportunities This property offers excellent structural integrity and was built with durability in mind, but like all coastal properties, it benefits from regular maintenance. Recommended ongoing improvements include: Exterior maintenance and corrosion prevention Kitchen and interior modernizations to increase rental appeal Preventive treatment for humidity and salt exposure

Pedasi 590.00m²

More Details

Results: