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Listing ID: 17527

Drastic Price Reduction on Income-Producing Patrimonial Colonial House in Cuenca

LISTER DETAILS

Ashley Rogers

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Listing ID: 17527

LISTER DETAILS

Ashley Rogers

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LISTINGS IN THE AREA

Cuenca, Azuay

For rent

$750000

OVERVIEW

Beds: 8

Baths: 9

SqMts: 697

Announcing a drastic price reduction on an income-producing colonial patrimonial house in El Centro, Cuenca.

This 7,500 square foot colonial patrimonial property is on one of Cuenca’s most renowned streets — Calle Larga — and the price has just dropped from $695,000 to an amazingly low $575,000.

Now’s your time to own your very own luxurious private riverfront villa in Cuenca. The home has been converted into a boutique hotel and is newly refurbished and renovated into 8 beautifully appointed rooms including a 3rd-floor apartment with a kitchen, as well as two commercial properties so there are endless investment and business opportunities attached to this colonial gem.

The original colonial part of the house is utilized as the owner’s quarters with a balcony that has incredible views overlooking the Tomebamba river — directly across the street — and downtown as well as new-town Cuenca cityscapes and mountain views.

There is also a large covered indoor/outdoor space on the third floor that could be converted into an outdoor rooftop garden, a gym and spa or whatever your imagination can conjure up.

Additionally, there are two commercial properties that come with the purchase price. Currently, one is a novelty, craft shop and the second space is an upscale Panama Hat store. These rental commercial spots offer additional monthly income or opportunity for personal expansion within the building.

Beamed and coffered ceilings, original wooden floors, impeccable, modern decor, leafy terraces, a plant-filled central atrium, cobblestone streets, and the romantic cafe are all part of this colonial gem, which is surrounded by a wonderful cultural scene and creative downtown ambience.

The hotel reflects its rich and colorful past but has all the modern amenities that guests expect. Investors or buyers will also inherit a built-in list of guests who are anxious to return to this successful and inviting hotel on their next visit to Cuenca.

This is the perfect investment and business property, with immediate built-in income-producing capabilities. This colonial home could also be an amazing downtown villa, for an extended family and their friends, and as such, would be one of the most talked-about homes in the city.

The asking price for this distinguished colonial building with immediate income-producing capabilities is $575,000.

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