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Theresa Prinsloo
RE/MAX 1ST CHOICEDescription
Michelo Suites – Prime Income-Producing Property in the Heart of Placencia Village
Michelo Suites is a rare turnkey investment opportunity ideally located on Placencia Road in the heart of vibrant Placencia Village. Just steps from the world-famous Placencia Sidewalk and a short stroll to the peninsula's beautiful Caribbean beaches, this well-positioned property offers exceptional convenience, strong rental demand, and outstanding income potential.
Its central location places tenants within walking distance of Placencia's renowned restaurants, cafés, beachfront bars, banks, boutiques, and the municipal pier, making it highly desirable for both long-term residents and short-term visitors.
Originally operating as a Belgian café, private residence, and boutique bed-and-breakfast, the property has been thoughtfully transformed into a successful and fully occupied long-term rental complex. The ground floor features four identical studio apartments, each offering an open-concept bedroom, living and kitchen area, a private bathroom, and its own covered porch for outdoor relaxation.
The upper level has a spacious two-bedroom, one-bathroom apartment complete with a large veranda, providing additional rental flexibility or owner-occupancy potential.
A generous gravel driveway with dual entrances provides ample off-street parking for tenants and guests. Residents also enjoy access to a shared laundry facility, while the beautifully maintained grounds showcase mature tropical landscaping and inviting communal outdoor spaces.
Properties of this caliber are increasingly difficult to find in Placencia Village. The combination of affordable apartment-style accommodations, a highly walkable location, professional management, and consistent occupancy creates a compelling investment profile. Micro-markets such as Placencia Village continue to command premium valuations due to their lifestyle appeal, limited inventory, and strong rental demand.
Investment Highlights
Fully occupied income-producing property Four studio apartments plus one spacious 2-bedroom apartment Prime location in the center of Placencia Village Walking distance to beaches, dining, shopping, and amenities Suitable for long-term rentals, short-term rentals, or mixed-use operation Ample on-site parking with dual access driveway Professionally maintained grounds and common areas Excellent cash-flow potential with upside for future growth A Smart Belize Investment
Style flexibility, and long-term appreciation in one of Belize's most desirable coastal communities.
Talk to Theresa Today!!!.....
listing details
- Listing ID: 100021303353
- Property type: Apartment/Condo
- Contract type: For Sale
- Price: $ 599,000.00
- Bathrooms: 5
- Bedrooms: 6
- Construction size: 0.00 Sq. Ft. - 0.00 Sq Mt.
- Lot size: 10,890.00 Sq. Ft. - 1,011.72 Sq Mt.
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