Caribbean MLSReal Estate

Multi Dwelling House with Apartments in Bushiri, Aruba

Available on request

The brief

The reason to consider it.

Multi Dwelling House with Apartments

This property is conveniently located in Bushiri. The dwelling house has three bedrooms and two bathrooms. There are four two-bedroom apartments on the premises. The entire property is rented out for a monthly income of over $6000. There is ample space to continue building more units, and several other units are in the neighborhood. A 5-minute walk to Eagle Beach and major restaurants and supermarkets.

Last confirmed

Type
House
Interior
Available on request
Land
Available on request
Year built
Available on request

What this listing includes

  • Kitchen
  • Parking
  • Beach access

What people say about Aruba

Sources agree that foreigners can buy property in Aruba on the same footing as locals, with no nationality restriction.

  • Positive Foreigners may own property with no nationality restriction; same process as locals
  • Mixed Freehold (eigendom) and long lease (erfpacht, usually government land, often 60 years) both exist; leasehold is tradeable and mortgageable
  • Mixed Transfer tax rate is described inconsistently: tiered 3%/6% (law firm) vs flat 6% (expo article)
  • Mixed Owning does not give residency; non-resident stay limit reported as 180 days by one source, forum member asks if it fell to 90

Read what people say, based on 13 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law