Description
Price: 8,700,000 mx
For Sale
Multi-Family Apartment Building for Sale – High-Yield Investment Opportunity in Downtown Cozumel
Price: MXN $8,700,000 mx
Invest in a strategic income-producing asset with immediate cash flow and outstanding appreciation potential in the heart of Cozumel. This multi-family apartment building offers an exceptional combination of prime location, strong rental demand, and opportunities to increase returns through rental optimization, renovation, or conversion to vacation rentals (subject to applicable permits).
Ideally located at 448 Morelos Street, between 20th Avenue and 25th Avenue, Downtown Cozumel, the property is within walking distance of restaurants, shops, supermarkets, public transportation, and essential services, ensuring consistent occupancy and long-term investment value.
The building consists of three levels and nine residential apartments, providing an excellent opportunity for investors seeking stable rental income and long-term capital appreciation.
Building Layout
Six Corner Apartments
Each approximately 56 m² (603 sq ft) featuring:
* Open-concept living and dining area
* Functional kitchen
* Two bedrooms
* One full bathroom
* Laundry area
Three Central Apartments
Each approximately 107.14 m² (1,153 sq ft) featuring:
* Entrance foyer
* Spacious living and dining area
* Kitchen
* Two bedrooms
* One full bathroom
* Laundry area
The property also includes common circulation areas and stairways providing convenient access to all three levels.
Property Features
* Three-story residential building
* Nine apartment units
* Approximately 30 years old
* Medium-quality modern construction
* Overall condition: Good
* Excellent opportunity for immediate rental income or value-added renovation
Property Size
Land Area
* 386.80 m² (4,163.47 sq ft)
Building Area
* Residential Apartments: 785.84 m² (8,458.70 sq ft)
* Stairways and Common Areas: 98.58 m² (1,061.10 sq ft)
Total Construction Area: 884.42 m² (9,519.80 sq ft)
Lot Dimensions
* North: 35.30 m
* South: 35.50 m
* East: 10.30 m
* West: 11.45 m
Zoning & Development Potential
The property benefits from favorable zoning regulations that offer significant redevelopment and expansion potential:
* Maximum Site Coverage (COS): 0.70
* Floor Area Ratio (CUS): 2.80
These development parameters provide excellent opportunities for future expansion, renovation, redevelopment, or repositioning of the asset, subject to applicable municipal regulations and approvals.
Investment Highlights
This is a rare opportunity to acquire a well-located multi-family property in one of Cozumel’s most desirable residential areas.
Key investment advantages include:
* Immediate rental income potential
* Strong long-term appreciation prospects
* High-demand central location
* Excellent value-add opportunity through modernization
* Potential for repositioning as a premium residential development
* Attractive asset for long-term investors seeking stable cash flow
Multi-family properties of this size and location rarely become available in Downtown Cozumel, making this an outstanding investment opportunity for buyers looking to expand their real estate portfolio in one of the Mexican Caribbean’s most desirable markets.
Contact us today to schedule a private tour and discover the exceptional investment potential of this unique property.
Location:
Avenida Antonio Gonzalez Fernandez lote 01entre 50 Avenida bis y 55 Avenida. Col. 10 de Abril
