Address: San Roque (Ave Loja), Cuenca
Location can be everything when selecting an investment property. Choose a poor neighborhood and not only do you have issues finding tenants to provide income, but you may also find it doesn’t appreciate like you’d hope it does.
The location of San Roque Suites is as close to a guaranteed investment you’ll find in Cuenca. It’s located right next to San Roque Church, which is just on the other side of the Tomebamba river, adjacent to Ave Loja. You’re a few minutes walk from Plaza Otorongo, Parque San Sebastian and Calle Larga. Importantly, it’s only 1 block away from the biggest and most prestigious university in Cuenca, so finding tenants will never be a challenge.
These suites have been built with singles, students & young professionals as the target occupants. It’s one of the few buildings in Cuenca that features a shared coworking space to help foster community amongst the tenants.
The two internal patios not only function as enjoyable common areas, they are also responsible for bringing large amounts of natural light into the apartments and coworking space. Check out these patios in the video walkthrough above.
There are 29 one bedroom suites & 2 two bedroom suites.
We are currently offering early bird pricing until December 5th, with prices during this period starting at $45K.
This represents a pretty compelling investment opportunity, with target rents in the $400/month range, this is an annual rental return of around 10%. Add appreciation of 6-8%, and you’re looking at annual returns of 16-18%!
Book your inspection today – these won’t last.