Unique, affordable, and with high potential!

Invest in this flat type apartment for 1K ft² of huge remodeling and utility potential. This is the only unit in the first level of this multi-familiar building, making it the only flat with an open patio at the back, towards the inside of the block, so is open to the ambient but quiet.

The property was left in bad shape by a past tenant and has been unused for a while, with little maintenance until now. We have a video walkthrough where you can see the original state. We plan future ones with the evolution and results.

The biggest feature, besides its alternative vibe, is the remodeling potential due to its general distribution and position within the building. It was originally an apartment-studio with a single big bedroom and single bathroom. Later owners split that big area into 2 rooms, separated by closets only. And added a 2nd private partial bathroom to the main room. Theoretically, you could add the flat above this one and create a duplex with separate entrances. Ideal for couples with young kids or independent areas for SOHO.

The hearth of the flat is the living-patio with 3 doors that connect every relevant area so the whole floor feels like a single space. The patio has a decent size for being in a building and is meant to have a potted garden, but it wouldn't be hard to turn it into a zen or water one with fish pond prebuilt and a wall to back a basic waterfall powered by rainwater. The area can also be turned it into a jacuzzi or just serve as any area that requires an exterior like a BBQ, pet playground, portable pool, etc.

The patio is currently under maintenance by the owners. They already cleared the garden that was overrun with weeds and are composting the soil; Removing a bad paint job, and improving the finish to add a protective white coating afterwards. Cleaning and packing the gravel is also planned, so further improvements are left to the future owner with a clean slate.

The living room sits at the patio's level slightly below everything else and includes a fireplace and a glass dome. Is the biggest area after splitting the original main bedroom, and like that one, its ideal for a home theater, or media center. In a more commercial approach the whole area is ideal for an open office, SOHO, photo studio, or spa.

The the dinning room is an open area connecting the living with the kitchen and front door. Adorned by this central island where another garden or pond can be setup. In a commercial setting this could be the ideal place for a custom desk  or anything that benefits from ample ambient light most of the day.

The kitchen is small and probably could be layout better  while modernizing the furnishing and lighting. Is probably the biggest investment needed, but being relatively small makes it possible to set it up with luxury at a reasonable cost, for a huge valuation in return.

The main bathroom appears small due to the original 70's style finishing, but with a little bit of upgrades and more efficient use of the space they can improve a lot. Now the the addon bathroom is small, lacks a shower and provides only the basics, but is also open to more finishing and layout options. Check the video for a complete walkthrough.

Spaces of this area and this remodeling and utility potential are hard to come by in this and neighboring areas, without investing in buying a whole house, or being restricted by a blocky apartment building layout and HOA.

Multiple Uses

It is a prime property for AirBnB and seasonal rentals due to the size and layout potential to make it a mini spa or host big groups. Is also a solid SOHO option due to its privileged location and easy access while being inherently secure and isolated from mass commercial areas.

Is also a great option just for living by singles, couples, and young families. Surrounded by a semi gated community with minimal HOA and nature everywhere. This neighborhood contains one of the biggest natural parks of the locality. Is a long, gated, privately secured public park extending over a hilly slope with original sabana forest and spaces for nature, garden, event center, and sports including modest bmx and downhill use.

This is a very tight community where groups of neighbors gather for clases, jogging, working out, tree climbing, and cultural shows. And of course is a paradise for kids and pets. A walk through the neighborhood and park is also available in the video.

Available as a smart contract based PTP !

This property is part of a estate in a succession process and together with the owners we are experimenting in a path to make it available to the public with the aim to help speed up the process by paying the embargo plaintiff's rights, while keeping in compliance.

You'll be signing into a Promise to Purchase for this property and direct access to it without getting tangled in the succession process, while locking the prices at a market value snapshot that tracks the market. Optionally supported by smart contract technologies for global access.

To learn more about this experimental sale model we are pioneering in ARC, and how to participate, please visit the blog post:

https://realty.arcadia.global/property-ptp-with-smart-contracts