Back to Search
House in the Real Montejo Subdivision
7 photos
Active

House in the Real Montejo Subdivision

Mérida, Yucatán, México, Avenida

$193,942

For Sale
Bedrooms
3
Bathrooms
2
Lot area
2,104 sqf
Parking spaces
2

About this home

Two-story residential home. *Mixed-use permitted*, 15 years old, condition: Good. 3 bedrooms, *2.5 bathrooms*, living room, dining room, kitchen, 2 parking spaces*Front* On Calle 51—High-traffic road*Land use*Residential. Zone: *Mixed commercial-residential. Potential for expansion/remodeling. “INVEST IN THE AVENUE, NOT THE STREET” 1. Business + Home on a Single Property: Open your medical office, spa, law office, or café on the ground floor and live upstairs. Or rent out the entire property: estimated $25,000/month. 2. The Last One on the Avenue: Real Montejo is 90% developed. There’s no more land available on the avenue. Whoever buys today is buying what no one else will ever be able to build. 3. Double Capital Appreciation: Profit from the land + profit from the business. Houses on a cul-de-sac only gain value from the land. 4. 2.5 Bathrooms: Functional layout for a family or for dividing residential/commercial use without remodeling. 5. Projected ROI: Rent of $25,000/month = $300,000/year = 8.8% annually. Plus 12% capital appreciation = estimated total annual return of 20.8%

Amenities

Outdoor & Recreation

Balcony

Nearby Essentials

Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.

Novarbienesraices
Novarbienesraices
Listing agent
Novar Bienes Raices