Chiriqui, Panama Real Estate: Puerto Armuelles; Renovated Vintage 4-Plex

Asking Price: $475,000
Location: Puerto Armuelles
City: David
State/Province: Chiriqui
Country: Panama
Type: House

This vintage four-apartment building once housed executives for the United Fruit Company in historic Las Palmas, a neighborhood composed of around forty-five classic banana plantation homes. The four apartments each measure approximately 1600 square feet with teak floors throughout and original teak-slat colonial windows.
The building has been completely refurbished and restored to better than original condition. All woods have been refinished, including the quira-wood kitchen cabinets. Bathrooms are completely remodeled and tiled. There are ceiling fans installed in every room to take full advantage of the Pacific breezes that consistently cool the elevated site of this building.
Two of the four apartments are completely furnished, down to linens and dishes, and the other two are partially furnished. The decor is a comfortable tropical style. The two fully furnished apartments have air conditioning units in the bedrooms. Three of the four apartments are two-bedroom and one bath, and the fourth apartment has been remodeled into a three-bedroom, two-bath unit.
The building sits on a 2.5 acre lot surrounded by a wooden rail fence. It is located in the heart of the Las Palmas neighborhood, the centerpiece as you approach on the newly-paved road. The community swimming pool is a few minute's walk away. The property is nicely elevated and has many mature trees on it, including a few prolific mango trees and numerous citrus trees.
The property would make an ideal investment as a turn-key rental or as a private lodge. It could also be very attractive as a short-term rental for vacation travelers. There is ample room on the property to accomodate horses and a small stable could easily be added. In fact, horses wander the neighborhood regularly and can be found helping themselves to the mangos in season or helping out with lawn maintenance year-round.
The sale of the property includes a Panamanian corporation and the website dedicated to the property rentals at: http://www.puertoarmuellesrentals.com