San Felipe, Baja (Mex) 16 beachfront lots for investor
Mexico · Baja California · Mexicali · San Felipe
Price
$67,320,000
Bedrooms
0
Type
Plot
Ref
P87796
Property Details
- Country
- Mexico, Baja California
- Location
- Mexicali, San Felipe
- Type
- New
- Style
- Plot
- Bedrooms
- 0
- Size
- Not Specified
- Garden
- Not Specified
- Terrace
- Not Specified
San Felipe, Baja (Mex) 16 beachfront lots for investor
Opportunity 16 of the 20 lots remain available for sale. The prices range from 239,000 to 649,000 for a total combined retail value of 6.7m USD. The opportunities for an investor include the purchase a block of 7 lots or the remaining 16 lots at a discount below retail so the investor can make a good profit. Some seller financing maybe be available.
There is the possibility to put 6 single family homes to be sold as fractional units. This could add several million dollars in additional profit to the project.
Please contact me to discuss possibilities. I am available to speak with principals and brokers. Thank you.
Area Information
Location – city of San Felipe, municipality of Mexicali, state of Baja California, country of Mexico. San Felipe is 120 miles south of the US border and 250 miles (about 4 hours drive) from San Diego. It is experiencing rapid development as a tourist destination and communities of retirement and vacation homes for buyers coming from the US. Much more information on San Felipe is available.
Market – 35 million Americans live within 6 hours drive in communities including Los Angeles, San Diego, Orange County, Palm Springs, and Phoenix. Buyers seek retirement homes, vacation homes and weekend getaway homes. The attractions to San Felipe include the proximity to the US border which allows them to drive, the Sea of Cortez, and the warm climate. Prices in San Felipe have been steadily rising with beachfront land greatly exceeding all other in appreciation rates.