4-bedroom townhome on edge of El Centro has immediate income potential

This fabulous townhome on the edge of El Centro, Cuenca has an immediate income-producing furnished Airbnb or rental property with a separate entrance and its own two-tiered rooftop terrace. The main house is a one-of-a-kind home, just past the famed Todos Santos church, and is located in a quiet, residential gated community with 8 townhouses making it intimate and friendly — as well as safe.

Just a ten-minute walk and you are in the heart of the historic district of Cuenca with all its restaurants, shops, museums, cafes and so much more including steps down to the Tomebamba River. A rare find, this home, and rental property provide the joy and excitement of urban life without the congestion of the downtown area, just a few blocks away.

The 3 bedroom, 3.5 bath single-story home is 298 sq. meters (3,208 sq. ft) and is situated on 245 sq. meters of land. The home was renovated and completed in 2021 and has just been re-painted and re-furbished to be move-in ready for the new owners. The townhome — which also has a wonderful covered and uncovered terrace — comes with appliances including a dishwasher, a large refrigerator, a five-burner stove top and oven, black-out curtains, and certain lighting features. Select furnishings may also be negotiable.

The large, one-bedroom rental property or guest house is fully furnished and includes an open-concept living, dining, and kitchen area, as well as two outdoor terraces with magnificent views of Cuenca and the surrounding mountains. This income property has been hugely successful in past years, providing an immediate income source for you as new owners. That 2nd-floor apartment is turnkey ready with everything (and more) to move right in. It is 97.40 sq. meters (1,048 sq. ft) including the apartment and lower deck. The top deck is approximately 12 sq. meters (129 sq. ft.)

As you walk into the lovely main home at the end of a private cul-de-sac you are struck by the light and airy open-concept living and dining area that leads out to the beautiful, plant-filled terrace that is both covered and open so you may enjoy the great outdoors even on those rainy Cuenca days. The living room has skylights and a fireplace with an insert, ensuring that smoke never gets into your house — but those warm and cozy evenings can be spent curled up with a good book.

The home is equipped with solid cedar doors, original Eucalyptus and stone floors, steel beams, great lighting, crown molding, arched double French doors, and delightful curves giving the home a Mediterranean feel. High-speed Internet and four routers allow for fast and immediate Internet throughout the house and the guest house.

The kitchen has a large island that invites you to enjoy a meal or a glass of wine chatting with the chef and has plenty of cupboard and storage space making it a great cook’s kitchen. High-end kitchen appliances and all built-ins are included in the purchase price.

The primary bedroom is en-suite and has a delightful seating area, as well as a walk-in closet. One of the guest rooms opens up to the flower-filled terrace and is the perfect place for an afternoon nap with soothing breezes that calm your soul. The other guest room shares the third bathroom. There is also a social bathroom and a good-sized bathroom in the attractive and inviting guest house. Additionally, a pull-down ladder takes you to a large attic space that can house holiday decorations, suitcases, and items rarely used.

The large and charming garden rental apartment captures the energy of the city while ensuring a quiet, secure, space to explore Cuenca. This rental property has its own separate entrance ensuring privacy for both guests and the homeowners and is located up one set of stairs. The warm and inviting apartment is fully equipped with all appliances, a couch and chairs, a dining table, a TV, a queen-size bed, a vanity, black-out curtains, Netflix, high-speed Internet, and a large deck off the entrance, and a second terrace up an additional flight of stairs. The views from this condo are amazing and you can immediately rent it out for passive income every month. Current owners have rented it for $750 a month, but its proximity to downtown, the quiet and safeness of the neighborhood, and all its amenities and furnishings could easily demand a higher rent.

The unit also has its own laundry area, and the electric and water meters are independent of the main house. The apartment is bathed in natural light with windows and French doors and the two flower-filled terraces, make this a very desirable rental or Airbnb unit.

There are intercoms in both homes, allowing you to hear who is at the complex for added security; plus fully-lighted areas, and a solid front gate that makes the entire complex super safe. There are also 3 parking spaces, and one bodega storage unit, HOA fees are limited to $20 annually. When extras or assessments are needed for repairs or upgrades, neighbors chip in to offset expenses.

To see our video, click here: https://www.youtube.com/watch?v=oJjUUKRGjvI

The listing price for this fabulous townhome on the edge of El Centro, Cuenca, with an immediate income-producing guest house or Airbnb unit is $325,000.

Address: Maneul Vega y Calle Larga, Cuenca.

Semi furnished, Negotiable, Pets are allowed.

Please mention GringoPost when inquiring about this property. Property ID: RE-1694177354

I am a real estate agent, Ecuador At Your Service:

ashley@ecuadoratyourservice.com 099 547 5116

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