Fifth Ave Heights, Playa Del Carmen
- Properties From $192,860
- Tenure: Freehold
- Rental Return: 8%
- Completion Expected: 2025
- Playa del Carmen is firmly established as a cosmopolitan town with shopping malls, restaurants, nightlife and many natural parks.
- Its warm weather attracts over 15 million visitors per year, generating strong rental returns. This consistent influx of visitors contributes to a strong demand for rental properties. Occupancy averages at 85% per year.
- The cost of living, relaxed way of life, and warm climate in Mexico are luring entrepreneurs, digital nomads, and investors from around the world.
- The country offers many benefits to US investors, including a very low property tax.
- Playa del Carmen is the fastest growing city in Latin America with a population increase of 15.8% annually.
The Property
The development is situated in a prime area of Playa del Carmen, just steps away from the famous Fifth Avenue and its shops, restaurants, cafes, and bars.
The complex is surrounded by lush jungle and enjoys views of the sea. There are 47 studio and one bedroom apartments available, with kitchens, floor-to-ceiling windows, and luxury bathrooms. The one bedroom apartments have a walk-in wardrobe and terrace.
Amenities include a rooftop pool with sea views, a lobby, a gym, shops, and underground parking.
Why Playa del Carmen?
- 15+ million visitors per year
- House Price Growth 17.1% Q1 2023 (source: Federal Mortgage Company)
- 0.1% Property Tax
Playa del Carmen has gained significant attention in recent years as a potential investment opportunity. It is located 45 minutes from Cancun airport, the 10th busiest in the world. One of the main reasons it is considered a good investment is due to its thriving tourism industry. This constant influx of visitors contributes to a strong demand for rental properties, making it ideal for property investors. Property values in Playa del Carmen have experienced steady growth over the past decade, offering potential investors the opportunity for capital appreciation.
Est. Return
- Occupancy Rate: 77%*
- Projected Rental Return: 8% net*
- *Source Developer Pro-Forma
Location
Calle 26, located between Calle 10 and Calle 15 in Playa del Carmen, Quintana Roo, is a vibrant area known for its beautiful beaches, lively atmosphere, and diverse range of amenities. Situated in the heart of Playa del Carmen, this particular stretch of Calle 26 offers visitors and residents alike a variety of attractions, including restaurants, shops, hotels, and entertainment venues. One of the main draws is its proximity to the stunning beaches of Playa del Carmen. The area boasts pristine white sand and crystal-clear turquoise waters, making it an ideal spot for sunbathing, swimming, and various water activities. It is home to numerous restaurants and bars that cater to a wide range of tastes and preferences. From local Mexican cuisine to international dishes, visitors can find a diverse array of dining options along this street.
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