Mexico International Real Estate · Mérida

Unique Compound Steps From La Plancha

Merida,

5 beds4 baths290 m² living448 m² lotColonial homeMérida Centro

Highlights

  • – Large pool (4.5 x 7.5 meters) with filling and draining wells

This interesting property offers both a great investment return with currently four one-bedroom apartments, a large garden and pool, and great potential if adapted as a five-bedroom private home. Located in one of the hottest areas of downtown, just steps from the thriving Parque de la Plancha, the nicest and biggest public park in Merida.

It has three independent apartments sharing a main entrance and one separate apartment with access from the street. All of them have access to the garden through a common area in the front and each one has a private bathroom and kitchen. The structure is in very good shape, preserving stone walls and some of the original features.

The location is great, given its proximity to attractions and quiet surroundings:

* Price in US dollars is informative. The price is set in Mexican pesos at $6,800,000 or its equivalent in US dollars at the day of closing.

For more information contact Joel R De Leon at 9999 20 68 56, cell. 9991 29 38 15 or by email to jrdeleon76@gmail.com.

Specifications

Bedrooms5
Bathrooms4
Living area290 m² (3,122 sq ft)
Lot area448 m² (4,822 sq ft)
Lot dimensions12.65 × 33.4 m
ParkingParking on Street
Property typeColonial home
AreaMérida Centro
Listing code006369

What owning this actually involves

Mérida Centro is inside Mexico’s restricted zone, which runs 50 km inland from any coast. A foreign buyer here holds title through a fideicomiso — a Mexican bank trust in which you are the named beneficiary. It is not a lease: you can live in the property, rent it, remodel it, sell it and leave it to your heirs. The term is 50 years and it renews.

The purchase completes before a notario público, a state-appointed lawyer, and typically takes 30–60 days.

The fideicomiso explained →

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