A unique investment opportunity in the heart of Otrobanda, located approximately 200 meters from the Curaçao Medical Center (CMC). This fully renovated and furnished property comprises 12 individually rentable apartments. All apartments are currently occupied and generating immediate rental income. Short-term rental delivers a gross annual return of over 12%. In addition, no 4% transfer tax is payable upon acquisition.
All 12 apartments have been fully renovated and furnished. Each unit features a new kitchen, new furniture, a washing machine and air conditioning. Thanks to the complete renovation and furnishing, no major initial renovation or furnishing investment is required to continue or further develop the rental operation. With all apartments currently occupied, the new owner can benefit from existing rental income immediately upon acquisition.
Situated approximately 200 meters from the Curaçao Medical Center, the property benefits from attractive and consistent demand for housing from medical professionals, hospital employees, students and other professionals working in the surrounding area. The property is also located in vibrant Otrobanda, with Willemstad's historic city center, restaurants, shops, cafés and other amenities within easy reach.
The 12 individual apartments offer several opportunities to operate the property and tailor the rental strategy to the investor's objectives. Long-term rental can provide stable and predictable rental income, supported by consistent demand for housing in the immediate area. Short-term rental offers the opportunity to further optimize income and delivers a gross annual return of over 12%. A combination of long-term and short-term rental can provide a balance between stable income and higher return potential.
Because rental income is spread across 12 separate apartments, the investment is less dependent on a single tenant or unit. If one apartment becomes temporarily vacant, the remaining apartments continue to generate income. This helps diversify vacancy risk and creates a relatively stable income base.
No 4% transfer tax is payable upon acquisition of this property, reducing the total acquisition costs. With 12 renovated and furnished apartments, immediate rental income, a strategic location next to the CMC and flexible rental possibilities, this is a fully operational rental property ready for its next owner.