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For Sale:Apartment in Cali (includes all furniture/appliances)

150 million pesos(U.S.$85,700)
The measurements are 65m2(715 sq.ft.)
The apartment is on the 13th floor and has a Balcony with view of the City.The apartment is in excellent condition and has 1 1/2 baths,walk in closet,internet/vonage,security safe,hot water heater.The building is like 4 years old.This is an exclusive and secure building with 24hr armed/gated security in Barrio Granada(estrato 5) Barrio Granada is a prestigious Barrio in the North of Cali where the upscale resturants/night clubs are located and within minutes of Chipichape Mall. http://www.barriogranada.com/
The building has two elevators,a pool,BBQ/social area,one parking space,plenty of visitor parking and one depository.The monthly administration fee is 160,000 pesos(U.S.$90)Taxes run around 600,000 pesos per year(U.S.$340)
The buyer has the option of purchasing this apartment in U.S.dollars without the need of transfering funds out of the U.S.To view the pics go to http://www.calirentals.net/
It is the first apartment "Granada VIP"

By www.calirentals.net on May 5, 2008, 21:45 in Buy, Sell & Rent.

www.calirentals.net (☼Travelguide writer) says on May 6, 2008, 08:08:

Rubi,iam not moving.it is not my apartment.if it was my apartment it would not be for sale.the apartment is a good investment opportunity because it stays rented year round.and it is the only apartment for sale in this building that is on a high floor.

http://www.calirentals.net/

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Robert Jorge says on May 6, 2008, 09:23:

If it is such a good opportunity, why do the owners want to sell? I am not necessarily doubting you, but I am naturally cautious and skepticle. I mean, rented year round already .... why sell? I did some quick numbers: For a US expat to own the place, with financing coming from a home equity loan here in the US, it would cost around $700 USD per month including admin, etc. That means to break even, the place would have to be rented for 1,250,000 cop per month, on average, 12 months a year.

Do you have any pictures? Don't take my post as me being a smart-ass. These are the things that run through my mind immediately when thinking about investment property opportunities.

"You can not take the barrio out of the girl you really can't." Oneforamillion

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billyb says on May 6, 2008, 09:45:

Robert there are pics on the link he provided (calirentals) above. The apt is quite nice and the area is very good.

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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calipro says on May 6, 2008, 10:05:

Robert Jorge

The apartment rents for 150,000 per day, 1,750,000 for a 15 day stay and 3 million per month. I give a little bit of a break if they rent for 3 months or more.

On average I clear 1,450,000 cop per month.

The location is great for someone the wants to just walk out of the building and go a couple of blocks to some of the nicest restaurants cafes and clubs Cali has to offer.

The building is super nice but the location is what sets in apart for everything else.

The reason I'm selling is because I want a bigger place.

Here is a link to some photos of the building and apartment:

http://www.flickr.com/photos/11806108 at N03/

The building has it's own electrical generator so you don't have to worry about being without power when the lights go out in Cali.

Also included in the price are one garaged parking spot and a private storage space in the basement.

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Robert Jorge says on May 6, 2008, 10:07:

Fair enough Calipro. Thanks for the explanation.

"You can not take the barrio out of the girl you really can't." Oneforamillion

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Robert Jorge says on May 6, 2008, 10:09:

Sold furnished, partially furnished?

"You can not take the barrio out of the girl you really can't." Oneforamillion

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calipro says on May 6, 2008, 10:16:

All the furniture in the photos is included plus all the appliances.

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www.calirentals.net (☼Travelguide writer) says on May 6, 2008, 10:26:

R.J. since the apartment has been up for rent it has pretty much stayed rented steady.it has been disocupied since the 27th of April. but i already have reservations with deposits for this month and next month.and i had two opportunities to rent it out for 6 months straight but the deals did not go through.there is demand for the unit.people like to rent it because its on a high floor,has a pool,internet/vonage and because it is in Barrio Granada.we rent it short-term for 3 million pesos per month(everything included) long term stays are negotiable and 150,000 pesos per night.you can view the pics on my website.it is the first apartment on the page "Granada VIP" http://www.calirentals.net/

http://www.calirentals.net/

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www.calirentals.net (☼Travelguide writer) says on May 6, 2008, 12:00:

FYI,the apartment was recently appraised by a local Realtor for 150 million pesos(WITHOUT furniture/appliances)

We are selling the apartment for 150 million pesos(WITH furniture/appliances)

http://www.calirentals.net/

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Atrevido (☼Travelguide writer) says on May 6, 2008, 12:32:

How many bedrooms does it have and does it include a maid´s quarter?

https://sites.google.com/site/colombianaturesite/nature-images

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www.calirentals.net (☼Travelguide writer) says on May 6, 2008, 13:17:

its a small 1br apartment "apartastudio"
no maid quarters

http://www.calirentals.net/

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www.calirentals.net (☼Travelguide writer) says on May 6, 2008, 20:39:

R.J. How do you expect to make any money from renting when your profits are going to pay off a loan?
Every expat i know that has purchased a property in Cali has done so with CASH.no financing.so if you dont have $85,700 on the table there no sense even wasting your time.

http://www.calirentals.net/

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Lisa Zee says on May 6, 2008, 21:28:

Arturito esta muy hermoso el apartamento.

Vive la vida y deja vivir!.

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www.calirentals.net (☼Travelguide writer) says on May 6, 2008, 21:39:

gracias lisa.te envito al balcon para te con crumpets.tengo las llaves:)

http://www.calirentals.net/

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bufalo says on May 7, 2008, 05:47:

Yeah, I'd say cash only. From what I gather (probably wrong to a point) you couldn't even get a loan in the states for a place in Colombia.

That much rent for an apartastudio????? Geez it's time to go.

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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www.calirentals.net (☼Travelguide writer) says on May 7, 2008, 06:10:

That much rent for an apartastudio?????
----------------------------------------------------------
You can always stay at a Hotel:)

http://www.calirentals.net/

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bufalo says on May 7, 2008, 07:41:

does seem a biiiiiiiit high, but then again I don't like rents much. I paid $100 USD for the same in Montevideo so I ama bit spoiled.

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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Lisa Zee says on May 7, 2008, 09:01:

Arturito:aqui no se puede anunciar nada de valor, acordate de el nombre de este pbh!. Yo tendre 2 apts en Med. super lujosos, pero aqui no hay gente pa esto. Tenemos que hablar.

Vive la vida y deja vivir!.

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billyb says on May 7, 2008, 09:31:

"In Medellin, I can get a luxury 3 bedroom apartment in Poblado for 800,000 pesos a month. Can you beat that price?"

Is that an "arms length transaction"? Or a special discount open to you only?

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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durito says on May 7, 2008, 18:16:

"In Medellin, I can get a luxury 3 bedroom apartment in Poblado for 800,000 pesos a month."

No, you can't.

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www.calirentals.net (☼Travelguide writer) says on May 7, 2008, 19:16:

frankie,how much?

http://www.calirentals.net/

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www.calirentals.net (☼Travelguide writer) says on May 7, 2008, 19:30:

yeah,the Penthouse in Cali

http://www.calirentals.net/

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Buongone says on May 7, 2008, 23:36:

Cali-Medellin. Two completely different birds. Hard to rent a place in Cali. You need connections. They are out there, but takes alot of research. Seems like AB is right on with his rentals. IMHO

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www.calirentals.net (☼Travelguide writer) says on May 8, 2008, 13:58:

Thanks Buongone,plus you get more for your money in Medellin.nicer rental units for less than what they go for here in Cali.and that goes for property value as well.trying to find a furnished Penthouse in Cali for rent is not easy!

http://www.calirentals.net/

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billyb says on May 8, 2008, 15:41:

Cali is not a basket case compared to medellin economically, what makes it seem a basket case is the public infrastructure, since the damned politicians steal all the tax revenue. Highend private projects in Cali, specialy in the wests die, are sprouting like mushrooms.

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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billyb says on May 8, 2008, 16:56:

It is the public infrastructure that is in a shambles and you really can't compare fajardo in medellin and penalosa, mockus and the others in bogota to the world class thieves they've had in cali the last several years.

"All I want to know is where I'm going to die, so I never go there" Unkown (at least to me) wise man.

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www.calirentals.net (☼Travelguide writer) says on May 8, 2008, 17:54:

dont ask me why,it is just the way it is.it doesnt make any sense to me either why Rentals/Properties are more expensive in Cali than in Medellin

http://www.calirentals.net/

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www.calirentals.net (☼Travelguide writer) says on May 8, 2008, 19:44:

frankie,sorry brah.but you are wrong:)the square meter overall(estrato 1-6) is higher in Cali than Medellin

http://www.calirentals.net/

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www.calirentals.net (☼Travelguide writer) says on May 8, 2008, 20:02:

yeah,but that place in Medellin dont count.they practically gave that house to you.
and you "stold" that PH in Cali lol

http://www.calirentals.net/

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