One of the great advantages of this property is its flexibility, offering the possibility not only of a luxurious residence but also as a business opportunity. 

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Vacation Rentals 

 

The property has been successfully used for over 10 years as a part-time residence and part-time vacation rental property, allowing the owner to enjoy it for part of the year, while reaping the benefits of its income-earning potential throughout the year, from the apartments as well as the house. 

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Potential Rental Income 

 

The house and apartments have been rented steadily since 2009, either in short-term vacation rentals or long-term leases. Rental income varies depending on whether short- or long-term, duration of rentals, and percent occupancy, but the property has the potential to generate up to $50,000 per year in gross rental income from the house and apartments at full occupancy. (This is assuming monthly rentals--if rented shorter-term, this figure would be higher.)

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Property Management

 

For buyers interested in renting out the house and apartments, we have an experienced property manager in place who would be available to continue working in this capacity to manage all the day-to-day details of vacation rentals. 

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Boutique Hotel/B&B

 

The house and apartments offer the potential for conversion into a luxurious boutique hotel with four double rooms plus one two-room suite in the main house, each with its own bathroom, and three apartments suitable for families. The property offers a number of advantages for conversion into a boutique hotel:

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Excellent Location

The property is located on the Panoramica Road just above the center of the city with very easy vehicular access but only a very short walk to downtown.  

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Ample Parking

The property has plenty of room for multiple vehicles.

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Security

The property is surrounded by high walls and access is restricted by a remote controlled gate. 

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Kitchen

The kitchen was carefully designed to be both highly functional and esthetically beautiful, making it perfect for preparing and serving meals to guests.  The dining room comfortably seats 8 and additional seating for 8 is available on the front terrace.

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Spectacular Rooftop Terrace

The rooftop terrace is equipped with wet bar, grill, fireplace, and ample seating for drinks or meals while enjoying a spectacular view of the city center's most iconic monuments--the Teatro Juarez, the Pipila statue, the Cathedral, the University, and the Jesuit church. 

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