House for sale in Pichincha | Quito | El Recreo, Maximiliano Rodríguez 35 , Sector el letrero, 621 m²
Pichincha | Quito | El Recreo, Pichincha
House
USD 265
- 6 bedrooms
- 8 bathrooms
- 621.41 sqm
Title Income-generating property with 6 apartments in El Recreo · 621 m², 4 parking spaces · USD 265,000 Description I present an income-generating property in El Recreo, in the south of Quito, which currently functions as an active investment. It has six rented apartments and a gross monthly income of USD 1,350. The Numbers. Data ValuePrice USD 349,000 → USD 265,000Gross monthly income USD 1,350Gross annual income USD 16,200Gross annual return 6.1%Price per apartment approx. USD 44,200Price per m² built approx. USD 426 The return is gross: it does not deduct maintenance, property taxes, vacancy, or administration. The Property. Lot of 290 m² according to deed, with 10.15 m frontage. It has 621.41 m² of covered construction over three floors and was built in 1990. It is distributed as follows: One three-bedroom apartment.Three two-bedroom apartments.Two one-bedroom apartments.Four parking spaces.One storage room. What the IRM says. It is on urban land for multiple use, with RUA-4 zoning (high-density residential). It has no road restrictions and no pending municipal obligations. The property has no mortgage. For Whom This Makes Sense. For an investor seeking income from day one, w…
