• The Unconventional Guide Buy Now
  • The Trouble with the Alphabet Book
  • « Informational Article on Real Estate in Panama | Home | World Class Traveler’s Magazine - Panama Q Magazine »

    Apartment Building for Sale in Panama

    By The Panama Gringo | November 26, 2008

    If you’re like me, just thinking of a traditional retirement bores me to death. I have always been a hard worker, and while I am looking forward to “retiring” in Panama someday, I guarantee you I won’t be the Gringo who sits by the pool all day and reads the paper. I like to keep my hands moving.

    If you are like me, then you may be interested in a certain investment opportunity I stumbled across the other day. Steve Rich from www.panama-offshore-services.com has posted this unclassified ad for an entire apartment building for sale on Calle 50:

     

    $1,538,000 ($1,250/m2)

    13 Apartments all having 2 bedrooms and 2 bathrooms plus maids room,
    living & dining room, and walk in closet for master bedroom
    Ocean views
    24/7 Security
    Swimming pool & social area
    Elevator
    1 underground secure parking space per apartment
    13 year old building with 6 years property tax exemption left
    All 13 apartments are vacant
    Entire building refurbished and in living condition, but could use
    further light cosmetic work
    Calle 50 near the new tall Global bank building

     

    You can send Steven an email at marketingposi@yahoo.com

    Topics: Panama - Business, Panama - Relocation |

    Comments

    The Panama Gringo