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Finca Mantis ~ GREAT RENTAL INCOME PROPERTY

Description

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Description

Finca Mantis is located in the outskirt of Huacas, a busy commercial village located only 10 minutes from all the best beaches of the Guanacaste province. The 8,000m2 (2 acres) property has a lof of potential for expansion. It includes 3 structures and a newly constructed pool.

The main house of about 75m2 was built in 2004 in solid concrete and features 2 bedrooms and 1 bathroom. It includes all the furnishing and appliances. The house has a carport attached to protect the car and an outside laundry/storage room accessible outside by the front of the house. It also has an independent water and electric meter. Adjacent to the main house is a 30m2 wood guest house with a full bathroom that is used as a business office for the owner. It has its own separate access and is completely independent from the house for privacy. It was added to the property in 2014. The house and the guest house are going to be rented for US$ 850.00/month plus utilities for 3 years starting soon. 

The second house of about 50m2 was built in 2012 in wood, and features 2 bedrooms and 1 bathroom. It is also sold fully furnished and is already rented for US$ 600.00/month plus utilities for 3 years. The house has its private entrance for the main road and cannot be seen from the main house. It has its own separate access and is completely independent from the main house and wood guest house. 

Toward the left of the property, there's a newly built pool that was added to the finca in 2018, with its own water meter. It is located next to where the new owner's house could potentially be located. The lot cannot be segregated but there's plenty of room to expand and keep growing. The rental incomes will be soon over US$ 17,000.00 per year. There's barely no expenses related to the rentals, which already makes it a very good ROI of 5.23% for an investor, without counting the potential of expansion and already paid lot for a future owner who wants to live here full time. 

Finca Mantis is connected to the local water association and also have a well on the property. Since it is not deeper than 11m, it doesn't have to be registered but is considered legal and comes with the permit. The owner uses it for gardening and pool maintenance but the water is good and can be used for human consumption as well. 

Huacas is a growing community with a lot of exposure due to its perfect location. It is the main intersection where all roads go to the beaches of the Coast. By arriving from Liberia Airport, we have to go through Huacas to get to the most popular beaches and communities, such as down south (Playa Langosta, Playa Tamarindo, Playa Avellanas, Playa Negra) and up North (Playa Grande, Playa Conchal, Playa Flamingo, Playa Potrero, Las Catalinas). 

Contact us for more information!

Features
  • Secured parking
  • Patio/Balcony
  • Private well
  • Swimming Pool
  • Sold furnished
  • Air Conditioning
  • Cable or Satellite TV
  • Internet
  • Near Beach
  • Near Golf Course
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