Old house at land price in Pettirossi

Real estate investment opportunity: old house in the Pettirossi neighborhood, Asunción. Located on República de Colombia Street.

This property, with a solid but old building, is an opportunity for investors seeking to take advantage of the location in the Pettirossi neighborhood of Asunción. It is situated on República de Colombia Street and has a plot measuring 8 x 59.5 meters, 476 square meters.

Investment potential:

• High buildability coefficient: Zoning in the area, often AR3B or other high-density classifications, may allow the construction of multi-story buildings for apartments, offices, or mixed use. Check the buildability coefficient and maximum permitted height for the specific plot.
• Immediate rental income: The existing building can be lightly refurbished to generate rental income as a residence, storage space, or small business while a development project is arranged or a land-sale opportunity is awaited.