Opportunity of investment near Naranjo downtown, Alajuela.

Price
$1,200,000
Price/M² land
$17.40
Lot Size in m²
68932

Opportunity of investment near Naranjo downtown, Alajuela.

Category

Land and farms

Published

21/06/2024

Location

Naranjo

Price

$1,200,000

Price/M² of land

$17.40

Property

This property is located just 1 kilometer from Naranjo downtown, which makes it quite attractive to develop a residential or commercial project due to its closeness to town. The farm is currently planted with coffee trees, the main variety is Caturra, covering about 80% of the planted area, the rest of the area has two more varieties which are Villa Sarchí and Ovatá. There is an internal farm road, which crosses it almost entirely.

The property, in addition to the coffee plantation, has 6 humble rental houses, they all run independently with their own water and electricity meter. These houses are practically at the entrance of the property, and they are described as follows:
Four prefabricated houses with one bathroom, one garage, laundry room and integrated living room-kitchen area, two of them have 2 bedrooms and the other two have three bedrooms, 75m2 and 85m2 respectively, they were built in 2014. Besides these four houses, there are two more smaller ones, one with a construction area of 42m2, and the last one that was built in 1982. All the houses are habitable and 4 of them are actually rented, the humblest can certainly be restored and improve their condition to make them more attractive.

The property has a frontage of 47m, right in front of a public street, and extends along the southern and eastern boundaries of the Naranjo Municipal Cemetery, continuing until it reaches its lower point, in which the Colorado River becomes the boundary at its eastern end. The topography of the farm has a continuous moderate slope, from its access through the public street, being this the highest point, then it continues its descents until it reaches the Colorado River, where the slope is more intense.

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