By Michelle Conerly
May 6, 2016
Located in the heart of Mangilao is a town home complex suitable for a buyer looking to invest in a property with an immense amount of potential.
Listing number MLS 16-690 features five 1,200 sq. foot units each with three bedrooms and two-and-a-half baths. The large windows of each unit allow for beautiful natural light, perfect for anyone looking for a softer, ambient atmosphere.
Elizabeth Duenas from RE/MAX Diamond Realty said although she is selling the property— priced at $1,200,000 — as a whole, each unit is condo-converted, meaning any owner could buy and sell the individual units for a better profit to five different investors.
New on the market, the five-plex is located near elementary and high schools, specifically George Washington High School. Duenas said the location is also ideal for anyone attending the Guam Community College or the University of Guam, which are both conveniently located in the area as well.
“It’s perfect for student or professor housing because of the proximity to GCC and UOG,” she said.
The property is also near popular restaurants and grocery stores for easy access to necessities and the social scene.
Units
With the ample living space, balcony, and included appliances such as refrigerator and stove, each unit is more than perfect for a couple of roommates or a medium-sized family with room to grow. Each unit includes a two-car parking area, and the entire property is fenced in for maximum safety for families and individuals.
One of the best aspects about the property, Duenas said, is the fact that each unit is currently occupied, making it a revenue generating property already.
“It’s income-producing already, and the fact that each unit is condo-converted makes the property more than worthwhile,” she said.
For more information, contact Liz Duenas at 479-9532.
