|Date added: 05/16/22||Post Updated: 2022-07-17 12:20:36||Bedrooms: 5||Bathrooms: 7|
|Floors: 4||Area: 600 m²||Status: Titled||Type: Town|
AN EXCELLENT INVESTMENT OPPORTUNITY- 7 UNIT BOCAS DEL TORO APARTMENT BUILDING
Built in the colorful Old Colonial style, this charming Bocas Del Toro Apartment building adds to the architectural flair of the town attracting visitors from all over the world. Located just off main street, the property is one row back from waterfront and a few doors down from the leading marine tour and water taxi office. Being kitty corner to the Police station, adds a feeling of security and this property is a short walk to the island’s airport. Central to the restaurants, bars and surf shops of Bocas’ down town core, this is an ideal place to rent for vacationers and locals alike.
Affordable long term rentals have meant this property has stayed fully booked and well maintained. There are currently seven units, and potential for an 8th. On the ground floor there are two commercial spaces, one of which is home to a new restaurant, the other is the local private mail box/delivery service, ideal for the Digital Nomad and other tenants. Upstairs, the 5 residential units are fully furnished and each have either new or recently serviced air conditioning. An 8th ground floor back unit would complete the pack. The two top units have ocean views from their terraces, and overlook Bocas town.
The building has undergone some great improvements over the last two years, it has a new roof, new filtered gutters, new awnings, new water tanks and an advanced water filtration system for rain and city water, new laundry, security video and mesh internet. It has been recently freshened up with a bright paint job. Owner or professional management is a breeze with the accounting service across the street.
The home base for many an eco adventure, Bocas Town is steps from the Airport and the financial hub of the Province. A charming downtown strip of restaurants with waterfront patios, surf and dive shops, wilderness tour centers and nightclubs, you can find it all in this eclectic town.
Catering to a health savvy community, more and more grocery stores are answering the call for organic selections, and fair trade options and finding what you want is no longer an “island life” deference. The conscious market, for example, is a beautiful showcase of artisanal products made with love in the Archipelago.
All this to say Bocas is not only a town for tourists, it’s home to creators, nature lovers, and a rich collision of cultures who come together over the love of such a unique place.
The Bocas del Toro Apartment Building is perfect for your Tropical Investment:
Dreaming of an island investment, but can’t get your business-oriented-mind to comit to a project off grid? Call us to chat cap rate! Business on the bottom, 100% occupancy on top!!
If you love the Bocas del Toro Apartment Building , you will be pleased to know that 100% of commissions from any property sold “on the grid” will go towards Roots Real Estate Panama’s Reforestation project in Chiriqui. E-mail us for more information!
View on map / Neighborhood
proximity to beach
proximity to town