Motivated seller
USD$170,000
Owner Financing · Investment Property in Mérida · 4-Bedroom Home with Private Guest Suite
Greater Mérida
4 beds3.5 baths237 m² livingProperty
Esther Rodriguez006834
1 / 25
North of Centro – GREAT PRICE!!!
Merida,
4 beds3 baths20 m² living153 m² lotResidential homeGreater Mérida
This modern home is located North of Centro in Col. Franc. Montejo, a quiet residential area just 5 minutes from Costco and several major shopping malls and supermarkets. It is a great location to get in and around the city of Merida and ONLY 25 minutes to the beach!
The design is set up for 3 bedrooms, however, there is a potential for 5 bedrooms. A first floor area is currently being used as an office and a second floor area is being used as a TV room. The master bedroom is huge and has a large walk-in closet and bathroom with a jacuzzi!
There is an exceptionally large second floor patio! The house is well built, on a quiet street and very safe area, and it has a carport!
When you view the photos, you will see a modern home built in the 1990’s that needs some paint and basic home maintenance. At the price of $3,150,000.00 MXN pesos ($177,500.00 USD at the time of this posting), it is a really great buy! PLEASE check the daily USD and MXN peso exchange rate for the most current USD price.
To see this property, contact Dr. Leroy Osmon 999-125-6196 or email: leroy.osmon@gmail.com OR contact Jina Bautista (Spanish) 999-175-4813.
Specifications
| Bedrooms | 4 |
|---|---|
| Bathrooms | 3 |
| Living area | 20 m² (215 sq ft) |
| Lot area | 153 m² (1,642 sq ft) |
| Lot dimensions | 8.2 × 20 m |
| Parking | Off street |
| Property type | Residential home |
| Area | Greater Mérida |
| Listing code | 006669 |
What owning this actually involves
Greater Mérida 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.
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