PH Novolux Mixed-Use Building for Sale Calidonia

PH Novolux brings together 40 apartments and two ground-floor commercial premises in Calidonia, creating a diversified income property in Panama City. The 400 m² building is offered for $3,200,000 and has an operating model that combines short-term and monthly residential rentals with commercial rent and coin-operated laundry. The apartments are equipped with air conditioning from York, Panasonic and Fiori, along with 32-inch and 43-inch Smart TVs. Shared building facilities include coin-operated laundry using MyTag and Whirlpool equipment, one 11-passenger elevator with five stops installed in 2019, and a 20-camera HD Hikvision security system. Internet and cable TV are included in the building maintenance. Estimated gross income is approximately $29,010 per month, or $348,120 per year. The estimated income mix includes Airbnb rentals for 25 apartments, monthly rentals for 15 apartments, a commercial lease and laundry revenue. The monthly administration expense is $1,500. Other estimated monthly costs include $3,300 for electricity, $561 for cleaning and water, $190 for elevator maintenance, and $113 for internet and cable TV. Located in Calidonia, within Panama City, PH Novolux offers investors an established mixed-use property with residential and commercial components. Contact Casanova Realty to discuss the building and arrange a visit.