Large Penthouse and 2 apartment rentals one floor below overlooking the yacht anchorage in Margarita island. Live in paradise with an income. Special rate 25
For Sale A penthouse condo on Isla de Margarita, the pearl of the Caribbean. This 2 level apartment is 154m2 + a 75m2 covered terrace. It is located 2 ½ blocks from one of the many beaches on the island and overlooking the yacht anchorage. Below one floor are 2 one bedroom, 46m2 each, fully equipped condo units. The two apartments earns more than 12,000/yr. in rents to foreign tourists. With a small change, the penthouse could become 2 separate units, allowing an increase of rents to more than 20,000/yr. and still leave a large unit on the upper floor for living or rental for even more income. The 2 rental units were completely remodeled one year ago and the penthouse has just finished a complete remodel on May 1, 2007. This property is being offered at 299,000 for all 3 or 55,000 for each of the 1 bedroom and 220,000 for the large penthouse. For further information contact Martin Barats ,click contact details.
