LOCATION: Villa Capri Condos, Hernan Cortez 43, Acapulco, Mexico
DESCRIPTION: 3 luxury 2br condos in a 130 unit complex. Located on the beach on world famous Acapulco Bay, each unit has a water view and its own balcony. The 2 BR. units run to 1336 to 1724 sq. ft. Owner has sold in past for up to $150 sq. ft. and is now offering as a bulk sale at 100/ft. or in exchange for suitable real estate ventures in mainland US. Strong daily rental market during peak season. Free and clear.
PRICE: Total for all 3 units
REMARKS: Good professional and on-site management. A "Class project", Substantial upgrades. Project was started 22 years ago. Title in Mexican Trust, which has 28 years to run plus automatic 50 year extension. Safe. Has rented some units to provide break even cost for balance of units. All units may be rented at vacation rates or for full time occupancy. Ownership now in Liechtenstein, offshore corporation.
WANTS: Owner/developer wants down and out and understands exchanges. Prefers So. Calif. area commercial, office, or good ready land for new project. Cash is really not his bottom line, client motivated at his price.
CONTACT:
George Jonilonis, SEC
3536 Ashford St.
San Diego, Ca. 92111
(858) 278-4040 FAX (858) 278-7571
CELLULAR (619) 246-4040
e-mail georgej@adnc.com