Economic Guest House

Seven unit apartment building on four lots on Future Fifth Avenue at Calle 64. The property will generate immediate income from long term rentals and holds huge potential for future development in an area destined for tremendous growth. There are 3 one bedroom, 3 two bedroom and a two bedroom penthouse with amazing ocean views. There are beautiful interior gardens and secure parking for six vehicles. But, the true story of this property lies in its potential. Future Fifth Avenue is expected to be an area poised for phenomenal growth as Playa del Carmen grows. People familiar with the potential say it will be an area like Soho in New York City, very hip and trendy. The property has half a block of frontage on Fifth Avenue and has over 900 square metres of land that could be developed. There are already approved plans and drawings for a commercial/condo building right on Fifth. Investors with a vision for the future should be attracted to this unpolished gem.