TULUM...the fastest growing town in all of Latin America!

$225,000
2
2
800
sq. ft.
$281
per sq ft
Heated sq ft: 800 sq ft
Avg Nightly Rate: $125
Home Legally Sleeps: 5
Occupancy Rate: 60 weeks
Annual Gross Income : 25000
Annual Net Operating Income : 20000
Property Type: Condo (high rise or low rise)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Beach, Nature, Pet Friendly
New Construction: Inquire
Days on Vrolio: 355

Property Description

This beautifully decorated apartment is fully loaded and ready for you to enjoy or start earning income now! The open concept space is equipped with Wi-Fi, great for watching Netflix in your bright living space. In suite laundry is another luxury not found in all developments in the Riviera Maya. The 2nd bedroom is equipped with 3 twin beds (2 beds, 1 is a trundle), walk through closet and ensuite. The master is equipped with built in closets, smart TV, king bed and ensuite with a beautiful walk-in shower. The condo is fully equipped and turn-key, everything is brand new, right down to the toaster oven and panini maker. The building is equipped with an elevator, concierge, security 24/7 and has a Fresh market only steps away! No need to wait a year or 2 for a developer to finish their project before you take delivery, then need to furnish and decorate before starting to market your rental property. Take the 4.87 stars already on Airbnb and go! Quinto Sol is strategically located in the heart of Aldea Zama and is the perfect recipe for a vacation home or income producer. The new building, finished in 2018, has 16 commercial spaces on the ground level and 30 residential units on the 2nd and 3rd floors. The rooftop is where you’ll want to spend your late afternoons or evenings after a day at the beach, enjoying the infinity edge pool and common area bar, overlooking the jungle and enjoying the stars. Aldea Zama is less than 2km away from the incredible turquoise waters of the Caribbean and white sand beaches of Tulum. It is quickly becoming the place to be in Tulum and Quinto Sol is in the commercial area of this luxurious development, at the entrance to all the new shops and restaurants, where just 3 years ago, it was all jungle! If it’s been a few years since you’ve been to Tulum, heads up, it’s a whole lot bigger than you remember. As an investor, it’s important to know the Cancun Airport is only 90 minutes away, and handled 25 million people in 2018, up 70% from only 5 years earlier. Also, important to know, the rapidly growing cosmopolitan city of Playa del Carmen is only 45 minutes away, and that it too is bursting at the seams with over 300,000 registered residents. Tulum has MORE space to grow than Playa del Carmen, yet still sits only around 50,000 full time residents, the ruins alone saw 2.2 million people through the gates in 2017. The word is out, don’t wait. In unit Amenities: Mini-splits TVs WiFi Coffee maker Toaster oven Microwave Fridge Oven Stove Terrace Building Amenities: Rooftop pool Rooftop lounge area Elevator 24/7 security Concierge

Presented by:
Owner:
kim arsenault
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 200
Low: 95
Peak: 375
Special Event: 375
Avarage: 125.00
Furniture Age
2
Est Value of Furnishings
$20,000
Peak & High Seasons
January, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
No
Reason for Selling
Buying another investment.
Foreign national buyer restrictions from government?
No
Gross Annual Income
25000
Net Operating Income
20000
Stories
3
Additional Indoor Rooms
Other
Appliances
Dryer, Electric appliances, Full stove, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Wall Unit A/C
Floor Coverings
Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Year built
2018
Outdoor Features
Inground Pool, Walk Out Balcony
View
Other
Backyard Exposure
North
Lot Size
Mixed use condominium. Jungle View with distant views of the ocean.
Community Features
Community Pool(s), Concierge
Tax Amount/Year
$300
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Pool(s), Concierge
Mandatory HOA
Inquire
Home Legally Sleeps:
5
Onsite Parking
Unlimited street parking
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
2 Years
Occupancy Rate
60
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Manager
Management Bookings Percentage
$12.50
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
100.00 Monthly
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
No penalty
 
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Credit Card Fee
Inquire
Cleaning Fee
$40.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,200.00
Water/Sewer (Annual)
$100.00
Cable/Interbet (Annual)
$360.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$300.00
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$1,200.00
Additional Membership Fees (Annual)
Inquire
Acquisition
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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