Income Property Costa Rica

Land Description

Income Producing Property - 13 Apartments in Downtown Upala Costa Rica

High Cash Flow Rental Property - Prime Location Near Banks, Schools and Commercial Area

Exceptional opportunity to acquire an income-producing property located in the center of Upala, Alajuela, Costa Rica.

This property sits only 300 meters north of Banco Nacional, in one of the most active commercial areas of the town. Its central location guarantees consistent demand for rental housing.

The property includes 13 rental apartments plus a main residence, making it an excellent opportunity for investors seeking immediate cash flow and long-term appreciation.

Properties configured with multiple rental units in central urban locations like this are extremely rare in the Upala market.

Property Overview

Price: ¢99,500,000

Approx. $195,000 USD (subject to exchange rate)

Country: Costa Rica

Province: Alajuela

County: Upala

Location: Downtown Upala

Distance to Banco Nacional: approximately 300 meters

Land Information

Land Size: 1,002 m²

Converted Measurements:

• 0.247 Acres

• 10,785 Square Feet

The lot is flat and fully usable, located in an urban area with excellent accessibility and strong rental demand.

Construction Size

Total construction includes the main house, apartments and corridor areas.

Total Construction:

• 636 m²

• 6,846 Square Feet

Construction breakdown:

Main House

132 m²

1,421 sq ft

Apartments

388 m²

4,176 sq ft

Corridors / Common Areas

116 m²

1,249 sq ft

Buildings on the Property

Main House

The property includes a comfortable residence which can be used by the owner or rented for additional income.

Features:

3 bedrooms

Living room

Dining room

Kitchen

2 bathrooms

Covered corridor

Garage

1 additional apartment

Apartment Complex

The property includes 13 rental apartments, designed for long-term tenants.

Each apartment includes:

Kitchen

Living area

1 bedroom

1 bathroom

These units are ideal for:

Local workers

Families

Teachers

Employees from nearby businesses

Construction Features

Prefabricated structural system

Aluminum windows

Metal roof trusses

Piped electrical installations

Independent breaker box for each unit

Wooden doors

Durable construction designed for residential rental use.

Utilities

All essential services are installed and operational.

Water

Electricity

Internet

Telephone

Cable Tv

Prime Location

The property is located in the center of Upala, within walking distance of essential services.

Nearby amenities include:

Banks

Schools and high schools

Supermarkets

Restaurants

Churches

Local commerce

Public transportation

This location ensures strong and consistent rental demand.

Investment Highlights

Income-producing property

13 rental apartments plus main residence

Central urban location

Walking distance to services

Large lot in downtown area

All utilities available

A recent appraisal estimated the property value at approximately ¢200,000,000, meaning the current price is well below market value.

Estimated Rental Potential

Typical rental prices in the Upala area:

Average rent per apartment

¢120,000 - ¢150,000 per month

Estimated monthly income:

¢1,560,000 - ¢1,950,000

Estimated annual income:

¢18,720,000 - ¢23,400,000

Estimated potential return:

18% - 23% annual Roi

Ideal Investment

This property is ideal for:

Real estate investors

Rental portfolio diversification

Passive income generation

Long-term appreciation

Contact

For more information or to schedule a viewing:

Phone / WhatsApp

+506 8613-5318

It will be a pleasure to assist you.