This restored Cuenca colonial home near San Sebas park has two fully-furnished condos -- perfect as an investment, a live and work arrangement, or for an extended family dwelling.
The downstairs, Condo #1 is 1,550 square feet and has two bedrooms, two bathrooms, an open-concept living area, and a sunroom.
The upstairs, Condo #2 is 2,300 square feet and has two floors, two master bedrooms, three bathrooms, two living areas, an office, and three outdoor areas that are approximately 300 square feet. Both are fully-furnished, with top-of-the-line furnishings and appliances.
The entire building is being sold as one unit. The condos are not available for individual sale at this time.
Located in the heart of El Centro's historic district, steps away from the beautiful San Sebastian Park with its cafes and restaurants, and just minutes walking distance to the center's favorite attractions, this is the ideal downtown property. Two blocks from a tram station make travel easy without the headaches of owning a car. But it's what's inside, as you enter this exceptional home, that is truly remarkable.
The quality of construction is unsurpassed. The condos were built to the highest North American standards. Every detail was considered from 4-zoned heated Italian porcelain floors, double pane soundproofing, an activated carbon whole-house air filtration system and Pure Pro reverse osmosis drinking water; to vaulted spacious rooms, a 120-liter electric water holding tank with gas hot water refill (endless hot water at low electric cost), Fiber Optic Internet plus 1Gb cat6 wiring throughout and a vented tile roofing system with marine grade decking.
The gourmet cook's kitchens have large islands, granite countertops, roomy wooden cabinets, and stylish open shelving. The kitchens also have GE refrigerators, GE Profile dishwashers, optional gas or electric cooktops, Kohler stainless steel sinks, and commercial kitchen exhaust systems.
The building is also an Earthquake resistant engineered designed home that also has Marine grade plywood decking with 3mm underlayment, LED lighting throughout, warm brick walls and accents, wooden cabinetry, and other upgrades too numerous to mention. More than $40,000 in new appliances, furnishings, and upgrades were installed in each of these contemporary open concept, condos. And, this specially-designed home won the coveted "Best New Construction Award" from the city of Cuenca in 2018. Condo #2, the ground-floor condo can be rented at an estimated rental income of $17,400 - $25,000 per year based on owner rental fees and past yearly-rentals.
Condo #1 is currently the owner's home, but would bring an even higher annual rental income due to its size and outdoor areas.
This is an unbelievable deal for any investor or a potential homeowner looking to live or invest in the highly desirable Cuenca, Ecuador destination.
The listing price for this restored Cuenca colonial home near San Sebas Park is $759,000 fully-furnished, negotiable.