Swap For Location(s):
> Ontario, Panama
Will swap for:
Multifamily or Commercial
Commercial property or multi-residential unit in Ontario, Canada or condos in the city of Panama, Panama. will consider trades out of Florida or three way trade.
Total loans: $0
Year Built: 2009
Square Feet: 137,500
Lot/Acreage Size (in acres): 3
State or Country: Panama
Description: We have a resort in Panama that we are interested in selling. The property is valued at $1,200,000. There are 10 homes already built on the property. Two of these homes come with the purchase price. The other 8 are sold and in the rental program.
There are two options for further development on this property.
1.Lots for another 20 homes to be built which can be kept and rented out for a rental income or sold.
2.Lots for another 8 homes and property for 48 motel units consisting of four buildings 3 storeys high with 12 units in each building.
More info and pics at http://www.panamaresortforsale.com
There is also a social area existing including a Classic Rock bar and restaurant, Pool, gym and five commercial shops. The potential to make more than double on the investment is good. There is room for another 6 poolside units. We would also consider a partner come in for $750,000 and we will use a portion of this to build the 6 poolside units. We also have other developments available for sale and/or shares for other potential investors who may be interested.
Here is what is included in the resort in Panama:
- 3 corporations which include one for the ownership and construction of the property, one for the business of the resort and one for the bar
- 17000 sq ft commercial construction of social area
- Business license for construction business
- Business license for bar etc
- Gym and equipment
- 75'X27' pool
- Bar with equipment
- 5 commercial units for rental
- Area for restaurant and kitchen
- Outdoor showers and bathrooms
- 20 lots for building homes 8 with approvals for second phase
- Large covered area suitable for banquets, conferences and weddings adjacent to pool area or for 6 poolside units
- Rental program with owners of 8 existing homes with 70-30 split. (70% to owners 30% to resort owner)
- Website www.puntachameresorts.com
- Video for sale of homes currently at http://www.connectiontopanama.com/punta-chame-video.php
- Projection of 20 homes estimated at ROI of 50% or 8 homes and 48 motel units
-three one bedroom homes
Video at http://youtu.be/DdNHFhBnhSY
Visit website for additional info
I can add other assets
I own free and clear
I will offer owner financing