247 ACRE DEVELOPMENT SITE IN MAGDALENA| Property Group | Residential | | Property Type | Acreage | | Lotsize | 247.00 acres | | Price | US$ 195,000
For Sale |
| | Location | magdalena | | Nearest City | Magdalena |
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"PUEBLO DEL SOL" is located within walking distance to the beautiful and peaceful town of Magdalena, Capital of the Province of Itenez, Beni - Bolivia. This is an interesting project for for a Developer, Architect, Construction firm, financial group, or an individual looking for an investment. Land Size: 100 Hectares (1´000´000 m2) or 247 american acres.
The Project has some distinct advantages:
Very scenic location - near the Itonama river. Proximity to a regional center with all amenities such as Shopping, Airport, Hospital, Park and Churches - all within walking distance.
Warm climate with yearly average temparature of 27 Degrees Celsius. Semi - tropical.
Very low living expenses. About US$ 250.-- per month per person.
The town of Magdalena has only the option to expand in the direction of PUEBLO del SOL, because of the river Itonama on one side, farms on the south and the regional Airport to the west.
Construction costs in and around Magdalena are low because of advantageous labor and local buildings materials such as woods and bricks. And there is no need for a building permit. One can build as he desires and new construction is favored by the local authorities because it provides work for the local population.
Proposed large Lots of nearly a half an acre (approx.1´800m2) for the construction of single family residences or duplexes.
More and more "Retirees" are looking for a warm climate in a rural setting next to nature and water. But they also prefer a certain infrastructure that offers them shopping for their daily needs. Many do not have the funds to go to exclusive places such as Bahamas or even Florida. Many retirees and second home owners used to go to Italy, Spain or Portugal. But neither in the USA nor in Europe can one find really affordable retirement locations. South America offers an interesting alternative, and BOLIVIA in particular.
RETURN OF INVESTMENT: Preliminary, but well researched studies show an exellent return on investment for the following reasons:
Low purchasing price, approx. US$ 800.-- per acre.
High profit potential trough subdividing into 400 lots (nearly 1/2 acre) at an average selling price of US$ 5,000.--.
Additional income on rental Apartments and Community Maintenance Fees estimated at about US$ 16,000.-- per month.
Low initial investment. Astonishingly low subdivision and building costs. Therefore far above average profit margin.
Additional profit potential through Housing and Apartment Construction.
NOTE: It is important to note that as interesting and potentially profitable as this project may be, an individual or group can also purchase this property to be used as a hobby farm, vacation "get-a-way", for planting agricultural products and/or forrestation. One way or another this interesting and well located property contains an above average growth potential. It could also be developed step by step.
Current Weather in La Paz, Bolivia
Reported at 22:00 UTC
Wind 3.6 meters per second (8.1 miles per hour) from east/southeast (120°).
Temperature: 12 °C (54 °F), with a dew-point at -12 °C (10 °F)
Atmospheric pressure: 1035 hPa (30.56 inHg)
Relative humidity: 17.4%.
Clouds: a few clouds at a height of 518 meters (1700 feet)broken clouds at a height of 6096 meters (20000 feet).
Overall visibility: greater than 10 kilometers (6.2 miles)
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| | For further details contact
John Wallace
Chatham, 12037, NY
United States
Phone: +1-518-392-7062 |
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