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Douglas Macarthur Choy
Location: Panama City
Category: Residence
Price: $ 1,584,000.00
Size: 990.00 m² = 10,656.28 sq.ft.
Description:
LOT FOR HIGHRISE CONDO HOTEL , OCEAN VIEW, Main Ave. , Blocks from Multi Plaza & Punta Pacifica.
LIQUIDATION SALE

RM3, C2, 990 m2 LOT
Asking Liquidation Price: $1,584,000.00
Last RM3 C2 lot in the SF Area
PACIFIC OCEAN VIEWS
Two Entrances Access Lot
Minutes from International Airport ramp exit
Financing Available with : 10% down: $158,400.00
9 months TERMS TO PAY.
74 units condo Hotel BUSINESS PLAN READY
Commission: 5% = $79,200.00 for licensed Agents


  Summarized Buisness Plan
 
Aquisition Cost:  

1,584,000
Total Cost:  

10,429,500
Gross Sales  

21,506,000
Gross Profit  

10,923,900
   
Rental Annual Income  
60% Occupancy :  

$975,645.00
75% Occupancy:   1,219,556.25
 
 
Ammenities: 

• 990 m2, RM3, C2 lot
• 2  Main ACCESS Entrances
• Pacific Ocean views
• Minutes from Airport & Airport exit anytime of day
• In Panama City, minutes walk to Banks, Restaurants, Business district, Malls, Hotels, convention center
• FRONT-LINE Main Artery, Main Road, Visible & Close to Everything
• Last RM3, C2 lot in area
• LIQUIDATION PRICE! 
• Biz Plan:  $21+ Million in condo units sales
• Hotel Rental Plan: $1,2 million per year profit at 70% occupancy
• EXCELLENT INVESTMENT OPPORTUNITY 
• QUICK FLIP option:  $750,000 Profit  + in less than 6 months

Contact

Douglas M. Choy

Douglas M. Choy

 

ThinkPanama Inc.
Director & President,
Licensed Real Estate Broker no. 1930
Century Tower Building,
Ave. Ricardo J. Alfaro, 18th floor,suite 1810.
Panama, Republic of Panama
Telephone: +507 260.0100 / + 507 260.4000
Fax: + 507 260.9762  
Cell: +507 6.676.8904
US Direct: (407)641-5747

 

 

Contact: See contact information at top of listing