For Sale $234,900 - Commercial
Live on a tropical island and support yourself financially with this established rental complex.
The popular High Ridge Apartments are located just past the center of town in a shaded fenced-in yard in the La Loma neighborhood of central Utila.
With an incredible occupancy history of long term tenants, this is a lucrative venture for anyone interested in owning a rental income property in the tropics.
This solidly constructed and well-maintained two story wooden building contains 4 units – two on each floor. Each unit contains two bedrooms with double beds and wardrobes, a fully equipped kitchen, furnished living area, bathroom with hot water shower and outdoor deck space.
There is a generator housed on the property for back-up power and the yard is nicely landscaped and secure.
The grounds are well groomed and planted with scrub grass, avocado, grapefruit and fig trees and other tropical plants.
Reason for selling: highly attentive owners/property managers would like to retire and travel.
Recent updates to the property include a refurbished roof, all exterior wood has been resealed and the the exterior trim painted and all interior rooms have been repainted and refurbished.
The generator has a newly rebuilt motor and engine and is easy to start up in the event of a power supply disruption from UPCO to maintain power for all tenants. Each apartment has its own electrical meter.
The La Loma neighborhood is a quiet area located a five minute walk from the center of town, dive shops, restaurants and groceries and a fifteen minute walk to the beach. If you are looking for a new venture in the Caribbean with income potential, this may be just the opportunity you’re looking for!