This is one of my really good friend's property and I'm sad to say he's selling it. It has to be one of the coolest and most unique properties I have ever seen. For those of you who don't know what a cenote is, it's basically an underwater spring that opens to reveal a large swimming area and some of them have huge dive chambers and can be very deep with several connections into other similar underground pools or tunnels. They are freshwater and the water stays very cool, they are also crystal clear and make a great swimming hole when It gets super hot in the summertime in Mexico. The Mayans also believe they have both mystical and natural healing properties. I have to say I swam in several cenotes on days when I was hungover and I was completely cured and refreshed afterwards. This is a 2 Bedroom Condo on the famous 5th Ave that has a Private Cenote right smack dab in the middle of Playa Del Carmen, Mexico. Anyway, I wanted to share the ad in case anyone knew of someone who would want this amazing property. :)
Retirement Condo with Incredible Investment Opportunity!!! Own a 2 Bedroom 3 Bath Condo on the famous 5th Ave in downtown Playa Del Carmen with your own private cenote. It's right across the street from the luxurious Thompson Hotel. You can cave dive in right in your own private cenote complete with huge dive chamber area and also full of many fish and turtles. Enjoy your own jungle right in your backyard, complete with dipping pool and waterfall, private deck, patio area, sun deck on the roof with barbecue and sink area overlooking Cozumel. This is a Once-In-A-Lifetime opportunity, you can easily convert this property to a vacation rental and start making money right away. Location is everything and this is one of Playa's best-kept secrets. Alos this property has one of the last stand of tree's in Central Playa del Carmen is between 12th. St. and 14th. which is where my Cenote Condo is located. Truly the most unique location on Playa.
We are looking for two types of people for this property, those looking to own a condo in Paradise and live here full year-round or those interested in making money by having a condo in paradise and vacationing for part of the year. We are fortunate in that our condo offers both.
Example: $175.00 per night in the Studio Apt and $225.00 for the 1 bedroom with a full kitchen unit.
86% or 300 nights Occupancy
400.00 X 300=$120,000.00 Yearly
Less 3,000 (condo fees and taxes)
16% Hotel tax on net eat. 17,000US
Net $100,000US
The bonus is you get to stay in your condo 65 days per year and travel the World on the Condo income.
Most homeowners in the US or Canada that vacation here possess enough equity to cover the purchase price. The interest rate for mortgages in the US and Canada is 3 to 5% to a $300,000 mortgage cost $15,000 per year on a secured Line of credit. If the buyer can generate $100,000 a year on borrowed money then many folks with good credit and equity need to think seriously about this investment. In addition, this Condo will go up in value 5% to 10% per year.
Very beautiful apartment
Thank you, it truly is a hidden gem.
Does the seller accept crypto(BTC) for purchase?
Will find out and let you know. :)
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