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

Frank Rizzo says on May 5, 2008, 22:48:

I don't know this apto. exactly...but this is a nice building built by my friend and neighbor..Raul Ackerman...he builds probably 60% of the nicest buildings in cali...I know this building well...and it's very nice..!!

Rubito says on May 5, 2008, 22:56:

AB you moving?

---Violence is the price of freedom.---

arthur brode 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/

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.

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.

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.

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

Fair enough Calipro. Thanks for the explanation.

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

Sold furnished, partially furnished?

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

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

arthur brode 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/

arthur brode 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/

Atrevido says on May 6, 2008, 12:32:

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

arthur brode says on May 6, 2008, 13:17:

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

http://www.calirentals.net/

arthur brode 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/

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

Arturito esta muy hermoso el apartamento.

arthur brode says on May 6, 2008, 21:39:

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

http://www.calirentals.net/

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

arthur brode says on May 7, 2008, 06:10:

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

http://www.calirentals.net/

morphus says on May 7, 2008, 07:34:

3 million pesos a month, i'll stay in a penthouse :)

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

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.

Frank Rizzo says on May 7, 2008, 09:09:

Si, hay Lisa...

morphus says on May 7, 2008, 09:20:

"pero aqui no hay gente pa esto"

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

Frank Rizzo says on May 7, 2008, 09:26:

that's very cheap...morphus

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?

morphus says on May 7, 2008, 09:33:

You just have to demand the real price.

morphus says on May 7, 2008, 09:34:

Middle man gets the middle finger HUR HUR!

robi666 says on May 7, 2008, 12:42:

"In Medellin, I can get a luxury 3 bedroom apartment in Poblado for 800,000 pesos a month. "
I doubt that you know what luxury is Morphie.
And they do not rent luxury apartments to gringos and less to sex tourists.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

morphus says on May 7, 2008, 16:28:

Robi, you have been wrong many times before.

robi666 says on May 7, 2008, 16:40:

True.
But I know pretty well the real estate market in El Poblado. 800k won't let you rent a luxury 3 rooms apartment.
How many sqm is that apartment? More or less...
How high the ceilings?

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

robi666 says on May 7, 2008, 16:54:

A "luxury" (not top) three rooms furnished apartment would be around 5-6 or even 7 millions per month plus utilities. Long term rent. And the agency would not let you have it even if you pay six months in advance.

Your 800k would be just enough to pay the administration fee, and not always.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

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.

Frank Rizzo says on May 7, 2008, 19:05:

Robi, i completely agree. But, everyone's has to define their own luxury in life... no se..

arthur brode says on May 7, 2008, 19:16:

frankie,how much?

http://www.calirentals.net/

Frank Rizzo says on May 7, 2008, 19:22:

Hi Art....for what??? one of my places...??

arthur brode says on May 7, 2008, 19:30:

yeah,the Penthouse in Cali

http://www.calirentals.net/

Frank Rizzo says on May 7, 2008, 19:48:

Hard to say....i'm really not interested in renting it..

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

arthur brode 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/

tomtom33 says on May 8, 2008, 15:08:

That seems somewhat oxymoronic to me. Compared to Medellín, Cali is an economic basket case. Yet the property values are higher in Cali?

robi666 says on May 8, 2008, 15:27:

Maybe he is saying that properties are generally better built and maintained in Medellin.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

Frank Rizzo says on May 8, 2008, 15:30:

From my experience, it all depends on what you're looking for. If you're talking buying at the highest levels of both cities...it's very comparable. Except, you can buy with land and a bit more safety in medellin.

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.

tomtom33 says on May 8, 2008, 16:15:

If Cali's problems have nothing to do with economics, what is the reason? Politicians steal in every city and in every country for that matter.

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.

arthur brode 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/

Frank Rizzo says on May 8, 2008, 19:36:

Art, you may very well be right...i've got no idea about rental prices....I've only rented 1 time in Colombia and it was from a friend for 6 months, as a favor. (i was talking about purchase prices being very equal.)

arthur brode 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/

Frank Rizzo says on May 8, 2008, 19:56:

Hi Art...you've been to one of my homes...and medellin is larger and in the same type of area (estrato)....i did pay basically the same per meter for both......one is a house with land...gated area..the other is an apto... so no se...that was in 2005..

arthur brode 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/

robi666 says on May 8, 2008, 20:03:

You made me curious... :)

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

Frank Rizzo says on May 8, 2008, 20:58:

jajajajaa I know Art.....