USD$114,000
Remodeled Centro Property
Mérida Centro
1 bed2 baths109 m² livingResidential home
Leroy Osmon006527
1 / 12
Centro Colonial For Renovation!
Merida,
90 m² living221 m² lotColonial homeMérida Centro
Highlights
- To view this property, contact Dr. Leroy Osmon – 999-125.6195 or email: leroy.osmon@gmail.com
This old Colonial is just waiting for someone with a vision to restore it to its original majestic beauty.
Located on a quiet street, this 221.49 m2 (2384 square feet) lot with construction has been approved by the municipal for up to a 4 stories high addition. This could be an AirB&B, a small boutique hotel or your Colonial dream home!
There is a large new pool, a new septic tank and a 3,000 liter water holding system. The back garden has a bodega that could be turned into a pool bath house.
This Colonial needs a total renovation, however, priced at only $117,689.00 USD, it remains one of the best buys in Centro.
NOTE: The price of this property is linked to a MXN peso price of $2,120,000.00. Please check the current daily exchange rate for the most current USD price.
Specifications
| Living area | 90 m² (969 sq ft) |
|---|---|
| Lot area | 221 m² (2,379 sq ft) |
| Lot dimensions | 6.5 × 30.54 m |
| Parking | On Street |
| Property type | Colonial home |
| Area | Mérida Centro |
| Listing code | 006740 |
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.
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