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Building for Sale in Calidonia, PH Novolux

Calidonia, Panama City  ·  Building  ·  ID #70977

Sale Price
$3,200,000
Total Area
672 m2

Property Details

Total Area: 672 m2
Built Area: 2,094 m2

Features

Elevator
Close to Main Roads
Visitor Parking

Description

Investment Opportunity in PH Novolux – Calidonia

Sale Price: $3,200,000

This modern building features 40 units distributed among apartments and commercial spaces, ideal for investors seeking profitability and growth. With a monthly administration expense of $1,500, the updated figures are as follows:

  • Estimated Monthly Income: approximately $29,010, including Airbnb rentals (25 units), monthly rental units (15 units), one commercial space, and laundry facilities.
  • Estimated Annual Income: approximately $348,120.

The building offers:

  • 40 apartments equipped with air conditioning (York, Panasonic, Fiori) and 32" and 43" Smart TVs.
  • 2 commercial spaces on the ground floor (~400 m²).
  • Hikvision HD cameras (20 units) for security.
  • 5-stop elevator (11 passenger capacity), installed in 2019.
  • Coin-operated laundry facilities (MyTag & Whirlpool).
  • RM3C2 zoning.
  • Internet and cable included in maintenance.

Approximate Monthly Expenses:

  • Electricity (included in rent): $3,300
  • Cleaning and Water: $561
  • Elevator Maintenance: $190
  • Internet and Cable TV: $113
  • Administration: $1,500

Based on these figures, the property presents a Cap Rate of 10.1%, with an estimated annual Net Operating Income of $324,252.

Contact us to schedule a viewing!

View complete description
0 days on market|Updated 16 Oct 2026

Payment Estimator

Estimated monthly payment
$0/mo
Estimate only. Actual payment depends on lender terms, taxes, and insurance.

Contact Info

Name Shai Bar-Ziv
License PJ-1411-2022

Posted By

Shai Bar-Ziv

Shai Bar-Ziv

License: PJ-1411-2022

+507 ▼

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