Buyers looking for a solid property investment will find an excellent opportunity in one downtown Playa del Carmen condo complex which is currently being offered at a 15% discount from the listed price, and combines an complete set of options and amenities, surpassing the standard offer of downtown condos, making it one of the best options for rental purposes.
The condo complex offers 1,2 and 3 bedroom units – a broader set of options than most complexes, especially the 3 bedroom condos, which very few developments in the downtown area offer. The prices range from $170,000 to about $400,000. In addition to prices which are relatively low compared to the downtown market, the developer is currently giving a 15% discount, providing for excellent opportunities for value appreciation.
The units are designed in a more unique room layout pattern, avoiding the boxy shape of most condos. In addition to elegant, half-circle design balconies, the complex provides a rooftop patio, with a pool and an lounge area. From the rooftop there are views of the Caribbean sea and Cozumel. The building includes underground parking, keeping vehicles from the heat of the mid-day sun, and an elevator running from the parking to the rooftop, another convenience fairly unique to this particular location.
The complex is located 4 blocks away from Fifth Avenue, Playa del Carmen's main tourist strip, and 5 blocks from the beachfront, making it an easy walk to both locations, and an attractive location for tourist-renters. The complex is also only one block away from Walmart.
The combination of the comparatively low cost, the conveniences of the complex, and the excellent location make these condos an prime choice for investment purposes, either for future re-sale or income from rental.
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Region: Playa del Carmen real estate.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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