img

Income Producing Oceanfront Apartment Building

Pedasi, Los Santos  ·  Establishment  ·  ID #51837

Sale Price
$990,000
Built Area
590 m2

Property Details

Year Built: 2000

Description

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
View complete description

Location

Location map available for this property Show Map

Contact Info

Name MLS Acobir
Last Updated: 14 Nov 2025

Posted By

MLS Acobir

MLS Acobir

+507

Similar Properties

Land for sale on the Interamerina Highway Coronado
Establishment

Coronado

$950,000
Land with Development Potential in San Francisco
Establishment

San Francisco

$1,100,000
Commercial premises and two houses for sale
Establishment

Santiago

$925,000
FOR SALE COMMERCIAL BUILDING IN CHITRE
Establishment

Chitre

$999,500

MLS AcobirMore properties by MLS Acobir

Family Home with Gardens, Workshop on 3,486 m2 Lot
Single Family House
Stunning Full-Floor Penthouse | Ocean Views
Apartment

Santa Maria

$975,000
Alquiler/Venta de Local Comercial en Atrio Mall
Establishment

Costa del Este

$399,000 | $3,900
Duplex for lease in Villa Lucre (Los Azores Res.)
Single Family House

Villa Lucre

$280,000
img

Get New Listings Every Week

Fresh properties delivered to your inbox, every Tuesday.