Four year old third floor 104.16M2 (1,120 square feet) apartment in Santa Ana with living room, kitchen/dining area two bedrooms, two full bathrooms and covered parking for two cars.
This apartment is currently being rented to an American tenant for US$1,100 per month and this rental agreement was signed up until October 2007, should you – the new owner – agree to renew, obviously you would continue to have US$1,100 per month coming in which is more than 10% per annum on your $130K investment.
With the monthly maintenance on this apartment at only US$125, that would leave you with US$975 per month.
The sales price of US$130,000 includes the fridge, oven, washer, dryer and the Costa Rican corporation that is the legal owner of the property.
Because this Santa Ana condo for sale is owned in the name of a corporation, this means that if you buy the corporation, which owns the home, that will save you money in transfer taxes.
Please note that to help and protect you – our VIP Members – WeLoveCostaRica.com has completed a basic title search on this property which revealed that everything is in order. However, as you know, we would always recommend that you have have your own attorney confirm that all is in order before you make a final offer.
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