This investment property in the heart of Otrobanda is located approximately 200 metres from the Curaçao Medical Center (CMC). The fully renovated and furnished property comprises 12 individually rentable apartments and is suited to healthcare professionals, students and other tenants.
All apartments are currently occupied, providing rental income from the moment of acquisition. Each unit has been renovated and furnished and includes a new kitchen, new furniture, a washing machine and air conditioning. The property is turnkey and ready for continued operation, without a major initial renovation or furnishing investment.
The location near the CMC supports demand for housing from medical professionals, hospital employees, students and other professionals working in the surrounding area. Willemstad's historic city centre, restaurants, shops and cafés are within easy reach.
The 12 apartments allow for long-term rental, short-term rental or a combination of both. Long-term rental can provide stable and predictable income, while short-term rental is stated to deliver a gross annual return of over 12%. Spreading rental income across 12 separate units helps reduce dependence on a single tenant or unit; if one apartment is temporarily vacant, the remaining apartments can continue to generate income.
No 4% transfer tax is payable upon acquisition, reducing total acquisition costs. With 12 renovated and furnished apartments, existing rental income, flexible rental possibilities and a location approximately 200 metres from the CMC, this is a fully operational rental property ready for its next owner.