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HouseResale

Cashflow Opportunity 13 Units on 38th Street

Centro · Playa del Carmen, Quintana Roo

$1,795,000 USD$31,201,835 MXN

Property Details

Bedrooms

—

Bathrooms

—

Construction m²

866.2 m²

Lot m²

151.37 m²

HOA / Month

—

Property Tax / Year

$11,627 MXN$676 USD

Features & Amenities

—Furnished
—Lofts: 10
—Local: 1
—Penthouse: 1
—Floors: 7
—Air Conditioning
—Elevator
—Wifi
—Swimming Pool
—Solar panels
—Air conditioning
—Turnkey
—Short-term rental friendly
—Penthouse

About This Property

This exceptional seven-story, 13-unit mixed-use building is perfectly positioned on 38th Street, offering direct beach access and immediate proximity to some of Playa del Carmen’s most renowned bars and restaurants. Fully rented and generating immediate cash flow, the property consists of ten spacious and uniquely designed one-bedroom lofts, one traditional apartment, a ground-floor commercial space leased to the popular Oli Matcha Bakehouse, and an exclusive one-bedroom penthouse featuring a private elevator and private pool-creating a rare blend of residential and commercial income streams. Built in 2019, the property offers 866.20 m² of construction on 149.37 m² of land and includes energy-efficient solar panels, enhancing operational efficiency and long-term value. This turnkey investment provides exceptional flexibility: an owner may occupy the luxurious penthouse while the remaining twelve units generate strong cash flow, or lease all units to maximize returns. With current rents below market value, the property presents significant upside potential through strategic rent adjustments and minor cosmetic upgrades. Located on 38th Street, this property enjoys one of Playa del Carmen’s most dynamic and fast-growing areas. Just steps from the beach and surrounded by some of the city’s most popular restaurants, cafés, and nightlife spots. 38th Street offers the best of Playa del Carmen and is the most sought-after address. Known for its walkability, authentic local character, and rapid appreciation, this has become a prime location for investors seeking high returns and long-term value near the sea.