Multifamily Property with Rental Income Potential and Room to Expand
Vilcabamba, Loja, Loja, Ecuador
Basic Listing Information
- Price
- $140,000
- Listing ID
- RS2500449
- Property Type
- House
- Listing Type
- Residential Sale
- Status
- Active
- Images
- 34
- Beds/Baths
- 3/2
- Beds
- 3
- Baths
- 2
- Location Type
- Countryside
- View Type
- Mountain View
- Total Lot Size
- 2,195.83 sq ft (204.00 m²)
- Total Living Area
- 2,906.24 sq ft (270.00 m²)
Listing Images
This versatile property offers between 270 m² of total construction, spread across two levels on a lot of approximately 204 m². Its design combines functionality, comfort, and a clear potential for development—ideal for a family home or as a rental investment.
Long Description
This versatile property offers between 270 m² of total construction, spread across two levels on a lot of approximately 204 m². Its design combines functionality, comfort, and a clear potential for development—ideal for a family home or as a rental investment.
The first floor, fully finished and currently occupied, covers around 130 m². It features three spacious bedrooms, two full bathrooms (one of them for guests), a living room, dining area, kitchen, an additional back room, and a small enclosed patio that has been transformed into a cozy sitting area. The layout is comfortable and practical, making excellent use of the available space with clearly defined living areas.
The second floor, currently unfinished (in grey work), was thoughtfully designed for the future, with plans for two independent apartments of approximately 70 m² each. Each unit would include two bedrooms, a full bathroom, shared closet, living room, dining area, and access to a terrace with beautiful mountain views.
The structure also allows for the possibility of adding a third floor, which could be built with a metal frame—perfect for another apartment or a shared social area with panoramic views.
Surrounded by open views and natural scenery, the property offers a peaceful and pleasant environment. It's an ideal option for those looking to build in stages, live on one floor while renting out the other, or develop a profitable multifamily project.
The house is approximately 10 years old. The first floor is in excellent condition and move-in ready, while the second floor offers the flexibility to be finished according to the original design or customized to suit new needs.
In summary, this property is not only attractive in its current form but also offers great potential for future growth. With the right space, location, and structural possibilities, it’s an excellent opportunity to develop a profitable multifamily residence or rental income project.
REF# LOJVIL139
- Details
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Number of Bedrooms 3 Number of Full Bathrooms 2 Total Living Area 2,906.24 sq ft (270.00 m²) Total Lot Size 2,195.83 sq ft (204.00 m²) Number of Stories 3 Roof Type Metal Floor Covering Concrete, Tile Construction Type Steel, Concrete, Elevated Frame, Brick, Concrete Block with Brick, Slab, Metal Construction Status Under Construction, Unfinished Year Built 2015 Air Condition & Heating No Furnished No Pool No Jacuzzi No Parking Type Garage - Geography
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Location Vilcabamba, Loja, Loja, Ecuador Country Ecuador State Loja County Loja City/Town Vilcabamba Location Type Countryside Geographic Type Highlands View Type Mountain View - Infrastructure
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Street Access Type Unpaved Road Type of Water City Water Type of Electricity Public Type of Sewer Septic Type of Internet Cable Internet Type of Television Cable Television - Financial/Legal
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Price per Air-Conditionable Living Area $518.52/m2 ($48.17/sqft) Price per Square Meter $686.27/m2 ($63.76/sqft) List Price $140,000 Ownership Type Personal
