Bathrooms
1 bathrooms
Mixed-use investment building in Parque Lefevre
A 36-apartment investment property in Parque Lefevre
Parque Lefevre, Panamá
Active
$1,400,000
USD$1,243 / m²
- 1,126 m²Built area
- 3,600 m²Land
- 1Bath
- 15Parking
Overview
This mixed-use property brings together 36 apartments and two commercial units at the rear on a 3,600 m² lot in Parque Lefevre. The asking price is $1,400,000. Its combination of residential units, retail space and RM3 zoning makes it a distinctive multifamily investment opportunity in Panama City. The apartment mix includes 22 one-bedroom homes and 14 two-bedroom homes. Each commercial unit has one bathroom. The property-size figure is 1,126 m², and the building has a ground floor plus three upper floors. It also has 15 parking spaces. Property details from 2018 describe an original structure approximately 40 years old and a newer phase approximately five years old. The building is described as two blocks from a Metro stop, although the station name is not specified. Figures from the 2018 marketing period report monthly rent of $14,000 and approximate monthly expenses of $3,800, including property tax. Those historic figures imply a 12% gross yield and an approximately 8.74% yield after the stated expenses; current income and costs should be confirmed. Contact Casanova Realty to request current operating details and arrange a conversation about this Parque Lefevre asset.
In Short
The Parque Lefevre property is offered for $1,400,000 and contains 36 apartments—22 one-bedroom and 14 two-bedroom units—plus 2 commercial units. It has 15 parking spaces, a ground floor plus three floors, and RM3 zoning. Historic 2018 marketing figures report $14,000 monthly rent and approximately $3,800 monthly expenses including property tax.
Before You Decide
- The 36-apartment mix includes 22 one-bedroom and 14 two-bedroom units.
- The property combines residential apartments with 2 commercial units and RM3 zoning.
- The 15 parking spaces are stated, but allocation and coverage details are not supplied.
- Historic reported rent and expenses require current verification before yield assessment.
Highlights
- Asking price: $1,400,000
- 36 apartments: 22 one-bedroom and 14 two-bedroom units
- Two commercial units at the rear, each with one bathroom
- 3,600 m² lot and 1,126 m² property-size figure
- 15 parking spaces
- Ground floor plus three upper floors
- RM3 zoning
- Two blocks from a Metro stop; 2018 rent and expense figures are available for review
At a Glance
- Status
- Source-marked active; current availability unconfirmed
- Asking price
- $1,400,000
- Price per m²
- $1,243.34/m²
- Property type
- Mixed-use building
- Apartments
- 36
- Commercial units
- 2
- Property size
- 1,126 m²
- Lot area
- 3,600 m²
- Floor count
- Ground floor plus 3 floors
- Parking
- 15 spaces
- Zoning
- RM3
- Neighborhood
- Parque Lefevre
- City
- Panamá
- Listing ID
- CNV-PROP-080708
Key Facts
- Category
- Mixed Use
- Unit type
- Building Entire
- New or resale
- Resale
- Listed
- 31 May 2018
- Last updated
- 7 June 2018
Gallery
9 photographs of this residence.
Room by Room
Composed from this unit's own specification, not a template.
What's Included
Everything that stays with the residence.
- 15 parking spaces
Explore Building
Take a closer look before you travel.
No video on file for this unit yet. We can walk you through it live over WhatsApp — most buyers outside Panama start that way.
Features & Finishes
Layout
- Full baths
- 1
- Total
- 1,126 m² · 12,120 ft²
Parking & Storage
- Spaces
- 15
- Covered
- No
Costs & Financing
Everything you would actually pay, not just the asking price.
Purchase Summary
- Asking price
- $1,400,000
- Price per m²
- $1,243 / m²
- Cash to close (est.)
- $420,000at 30% down
Mortgage Estimate
- Down payment
- 30% · $420,000
- Loan amount
- $980,000
- Rate (assumed)
- 6.25%
- Term
- 30 years
Estimated monthly payment
$6,034
Principal and interest only
An illustration, not an offer. Panamanian banks lend up to about 70% to residents and 50–60% to non-residents; your rate depends on the bank, the term and your file.
Monthly Carrying Cost
Property tax$0
Insurance$0
Total, before mortgage:$0 / month
If you let it out
How It Compares
- The asking price is approximately $1,243.34 per m² when divided by the stated 1,126 m² property-size figure.
- The property has 38 described units in total: 36 apartments and 2 commercial units.
Value Comparison
Asking price per m², against the building, the sector and the country.
Building$1,243 / m²
Parque Lefevre average$1,452 / m²
Panama average$4,306 / m²
Asking 14% below the Parque Lefevre average. Ask us why; sometimes there is a good reason and sometimes there is a reason.
Investment Case
The 2018 figures imply a 12% gross yield on the $1,400,000 asking price, based on $14,000 in reported monthly rent. After approximately $3,800 in reported monthly expenses, including property tax, the implied yield is about 8.74%. Current rent, expenses, and occupancy should be confirmed.
- 12%
- Gross yield
- 8.7%
- Net yield (est.)
- —
- 5-yr area growth
- —
- Days on market
Price History
- Listed · May 2018$1,400,000
How You Can Pay
This residence is not attached to a building page in our directory.
Living in Parque Lefevre
Parque Lefevre, Panamá
Edificio de 36 apartamentos y 2 locales en Parque Lefevre
Parque Lefevre, Panamá
Positions are schematic, spaced by travel distance.
Get directionsParque Lefevre on Casanova today
- Active sale listings
- 55
- Active rentals
- 0
- Median asking price per m²
- $1,000
Getting Around
Parque Lefevre, Panamá, Panamá · Panama City
Address shown to neighborhood precision for the owner's privacy. The exact address is shared when a viewing is confirmed.
Frequently Asked Questions
What is the asking price for the Parque Lefevre building?
The stated asking price is $1,400,000.
How many apartments and retail units does the building have?
The building has 36 apartments and 2 commercial units.
What is the apartment mix?
The apartment mix is 22 one-bedroom units and 14 two-bedroom units.
How large is the lot?
The stated lot area is 3,600 m².
How many parking spaces are included?
The property has 15 parking spaces.
What are the building's zoning and floor count?
The stated zoning is RM3. The building has a ground floor plus three additional floors.
What rental income and operating expenses were reported?
Figures associated with the 2018 marketing period report $14,000 in monthly rent and approximately $3,800 in monthly expenses, including property tax. Current figures are unconfirmed.
How close is the building to public transit?
The building is described as two blocks from a Metro stop; the station name is not specified.
How many apartments are in the building?
The building has 36 apartments: 22 with one bedroom and 14 with two bedrooms.
What rent and expenses were reported for the property?
The 2018 marketing figures report $14,000 in monthly rent and approximately $3,800 in monthly expenses, including property tax. Current figures are unconfirmed.
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Interested in Mixed-use investment building in Parque Lefevre?
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