Income property Northern Guatemala, Lake Petén Itzá 4BR/3BA private beach $210,000

$210,000
4
3
2,000
sq. ft.
$105
per sq ft
Heated sq ft: 1,500 sq ft
Avg Nightly Rate: $150
Home Legally Sleeps: 10
Occupancy Rate: 26 weeks
Annual Gross Income : 24000
Annual Net Operating Income : 21000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: Will Consider
Niche: Beach, Nature
New Construction: Inquire
Days on Vrolio: 95

Property Description

Beautiful beach front property 20 miles away from Flores. The property is listed on short term rental sites and generates around $24,000 per year, a 11% return on the asking price. Many ways to monetize more are not explored at the moment as I have little time for that. Happy to discuss tips and tricks once the sale is finalized. There are a few bookings as far as July 19 at the moment. My staff is fully trained to handle guests and can keep working there. This property sites on a 30 x 70 meter plot (2,100 square meters, 22,600 sqft) with 30 meters (98ft) of beach front with its own wooden deck complete with palm roof and hammocks. It is near the village of San José, 4 miles up a dirt road, accessible by car. There is off street parking for 2 or 3 cars. The garden is mature with beautiful palm trees, lush grass and paths to the three built units: 1. A block house with thatch roof that contains two small rooms, a bathroom, and a large kitchen. 2. A stone house with a large queen bedroom, private bath, AC unit, and huge French doors overlooking the lake, an open terrace on top that can serve as a second kitchen with a bar and living space 3. Another stone house with a medium queen bedroom, private bath, AC unit, and huge French doors overlooking the lake, a roofed sitting area in front with lake views and a terrace on top that also has a bar and sitting area. These three units could be fitted with a fridge and kitchen each and rented separately for more income. The place is perfect for families who want to holiday together but also have some privacy. There is space to build a couple more units and the council does not require building permission at the moment so you have the freedom to build whatever you please! This is a very safe area of the lake, and the village is super quaint. Tourism has been increasing each year (I bought in 2012), and the little village has been growing too. The land is registered with OCRET since 2013 for a 30 year renewable lease ($200/year), taxes are $100/year. There is power at the property and four solar panels are installed on the roof but not connected. Water is pumped from the lake with a 3 horse power pump into a 250 gallon tank. The sale includes all furnishings, the fridge and gas stove are two years old, there is a deep freezer, and some custom made wooden furniture. The price is NON NEGOTIABLE, payable in the US or GT and I may consider payment terms. The price includes a 1996 Suzuki Samurai that needs minimal repairs (has been there without attention for a couple of years as I have another car, needs a battery, probably a fuel pump and an electro mechanic to check it, with $500 it should run great). Also includes a tiny boat that I haven't used in a while that needs a bit of welding (probably $200), and a 25cc Yamaha engine for the boat that has been stored and worked fine the last time I used it.

Presented by:
Owner:
Pauline Paquin
Seller Financing
Will Consider
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 300
Low: 130
Peak: 350
Special Event: 350
Avarage: 150.00
Furniture Age
3
Est Value of Furnishings
$5,000
Peak & High Seasons
January, April, July, August, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Yes
Reason for Selling
I own another home in the area and am building one in Colorado too so I don't have the bandwidth to supervise everything.
Foreign national buyer restrictions from government?
No
Gross Annual Income
24000
Net Operating Income
21000
Stories
1
Additional Indoor Rooms
Multiple Master Suites
Appliances
Electric appliances, Gas appliances, Oven, Refrigerator
Heating/Cooling
No Heat, Wall Unit A/C
Floor Coverings
Concrete
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Solar Panels
Year built
2012
Outdoor Features
Dock, Fenced/Gated Yard, Fire Pit, Garden, Outdoor Kitchen, Other
View
Lake
Backyard Exposure
South
Lot Size
30 meters / 100 ft of beach, 70 meters / 200ft to the back 2100sqm total
Community Features
Lake Access, Not Located Inside Community
Tax Amount/Year
$200
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Lake Access, Not Located Inside Community
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
Fits 2-3 cars inside the gate. No carport.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
Inquire
Occupancy Rate
26
Being Sold with Bookings
Inquire
Caretaker Info
Caretaker is local to the property, Caretaker can stay and oversee property.
Bookings Placed By
Owner, Third Party
Managed By
Owner, Caretaker
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
120.00 Monthly
Sold with Marketing Collateral
Yes, AirBnb profile, Professional photos, Social media profiles, VRBO and/or Homeaway profile
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$10.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$100.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$800.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
$400.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$200.00
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
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Rehab Work Estimates
Other
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