Cartagena De Indias, Bolivar

Flipping Project in Canapote: Investment and RenovationProject Description:We are offering an excellent investment opportunity in the Canapote neighborhood. This is a 321 m lot with a structure that includes 10 bedrooms and 5 bathrooms. The lot dimensions are 10.5 meters wide by 30 meters deep. The sale price is $550, 000, 000, negotiable, and it is also available for rent at $2, 500, 000. Project Objective:The main objective is to invest in renovating the property to maximize its income potential, either through a co-living system or renting small rooms, and then put it up for sale or rent. Flipping Project Steps:Evaluation and Planning: Conduct a detailed assessment of the current structure and renovation needs.Design a renovation plan focused on improving the functionality and appeal of the property for potential tenants and buyers.Detailed budget and work schedule.Renovation and Optimization: Remodel the 10 rooms to convert them into modern and functional spaces, suitable for a co-living system.Renovate the 5 bathrooms to ensure comfort and quality.Improve common areas to promote a communal living environment.Implement modern technology and security systems.Implementation of the Co-Living System: Define policies and rules for co-living.Equip the rooms with necessary furniture and appliances.Create a management system for tenant administration.Marketing and Commercialization: Prepare professional marketing material, including photographs and detailed descriptions.Publish ads on real estate platforms and social media.Organize open house events and guided tours for potential tenants and buyers.Sale or Rent: Analyze received offers and negotiate the terms of sale or rent.Complete the transaction process with legal and financial support.Investment Benefits:High Profitability:When done correctly, real estate flipping can generate significant profits in a short period. Improvements and renovations increase the property's value and make it more attractive, allowing it to be sold at a higher price.