Lucrative investment property with great location on Utila's main street. Maggie's Place is a unique investment property which offers residence for the owners, six rental apartment units and three commercial rental spaces. The centre of town location gives access to all amenities within steps and incredible views of the Bay can be seen from the owners home and upper story apartments.
Earn money while living on a tropical island!
Maggie's Place is a unique investment property which offers residence for the owners, six rental apartment units and three commercial rental spaces. The centre of town location gives access to all amenities within steps and incredible views of the Bay can be seen from the owners home.
The three commercial rental spaces offer customer access and window frontage from the main road as well as entrances for lessees through the inner court yard of the Maggie's Place complex. Earn income from the commercial businesses renting the highly visible and sought after street front locations.
Enter through the private gate from the main street just west of Utila town centre and into a shaded laneway which opens into a secure and secluded courtyard. This quiet and inviting space is replete with manicured greenery including a large fruiting Mango tree and many flowering plants which along with the plentiful hummingbirds give the area a true tropical feeling.
A covered outdoor common area offers a comfortable shaded patio with a barbecue, large table and seating area to accommodate apartment renters and their guests.
The inner courtyard also has access to a shared laundry facility room, a small care-takers apartment and parking spaces for bicycles and scooters for the tenants of the inner complex.
Maggie's Place is a very convenient location for renters to live at and its popularity is such that the current owners never have to advertise vacancies. The excellent reputation of the well maintained, furnished and secure rental units keeps potential tenants on a waiting list and vying for an open apartment when one comes up - which is not often!
The ground level has two, one-bedroom apartments which are fully furnished. These apartments have a small porch space which faces the court yard and common area. All of the rental apartments have air conditioning units in the bedrooms and are completely turn-key with linens and all basic kitchen appliances, furnishings and cooking utensils provided and will be sold as such. These tidy places offer a quiet and comfortable refuge for tourists and long-term visitors to Utila with all six rental apartments are consistently occupied.
A staircase from the courtyard leads up to the second floor apartments where there are three, one-bedroom apartments and one, two-bedroom apartment, all of which have a small balcony over-looking the courtyard with enough space to hang a hammock or place a deck chair. The end unit has a small balcony over-looking the action on the main street below.
The staircase continues from the second floor upward toward the back of the property. At the first landing is the entrance for "bodega" (storage area), which is built over the water cistern. The water pressure pump and tank are housed here as are maintenance and cleaning supplies, linens and spare stock for the rental apartments.
After the landing is another gate which can be locked off and through which a roughed in space which has been plumbed and wired for a two bedroom two bathroom apartment with laundry hook up and bodega/storage at entrance awaits completion.
Around the staircase is another courtyard which is currently a part of the owner's suite. There is a powder room located beneath the final set of stairs adjacent to a private patio area resplendent with colourful flowers and hummingbirds-a perfect area for entertaining! There is a second entrance into the complex beneath the owners living quarters located off of this patio with a sliding mechanical garage door accessing the street at the top of the property (Lozano Road). There is a covered parking area here with an enclosed generator room that houses a 50 kw generator - powerful enough to supply electricity to the entire compound during a power outage.
The patio space has been roughed in with concrete pillars and a rebar reinforced floor which could be built upon- providing abundant space for the construction of an additional 1-bedroom apartment with world class views.
Stairs from this pretty patio lead up into the owner's living quarters. A covered porch, open on three sides with ceramic tiled floor, ceiling fans and billowing shade curtains welcome visitors to a cool and inviting space and presents stunning views of the Bay of Utila and the welcoming breezes off of the Caribbean Sea.
The bands of blue sea water are striking and inspiring and the porch, with its cushioned rattan furniture and outdoor dining table is a piece of tropical paradise from which you won't want to leave.
At the far end of the porch there is access to a covered staircase which leads up into an in-law or master's suite and sundeck-the highest point of the property.
There is a locking storage room at the far end of the porch and an airy private owner's laundry room off of the porch as well.
Three entrances into the owner's home lead in from the porch and encompass the indoor outdoor living feel, at the top of stairs into the interior dining room, from the ocean facing side into the comfortable living room and further along into a master bedroom. Along with the multitude of windows the home is flooded with light and kept comfortably cool by the constant unobstructed airflow.
There are two bedrooms on this floor, the larger of the two has a walk-in closet, a full bathroom including bathtub and a door to the porch. The smaller bedroom is just off of the dining area and has a full bath and a closet area.
The dining room has a large table with the capacity to comfortably sit eight people. There are jalousie windows around the entire home, all with mosquito screens, security bars on the outside and curtains on the inside.
The entire space has wainscoting and wood paneling on the walls and ceiling contributing to the cozy and welcoming feel. The living room has a sofa and two stuffed chairs an entertainment unit and large multi-purpose coffee table.
The deluxe kitchen can be appreciated by those who love to cook as it is outfitted with high end appliances including a stainless steel Kenmore elite 6 burner gas stove, Kenmore oven and microwave and a stainless steel Maytag Refrigerator. The cabinets are made of a dark Honduran hardwood and there is recess lighting in this area and above the plentiful cabinets. The kitchen counter acts as a sit in breakfast bar.
There is a large and bright pantry with ample additional storage off of the kitchen through which there is access to the master bathroom and the spiral metal staircase - an additional way to access the second master's suite or in-law suite located above.
At the top of the spiral staircase there is a bright and spacious bonus area with a queen sized bed, full bathroom, closet space and kitchenette with amazing views of Utila Bay from the wall of windows. A breakfast bar beneath the windows is a perfect place to enjoy a quiet cup of coffee and watch the boat activity in the bay far below or the magnificent Utila sunsets. A stove and oven, refrigerator, toaster oven and blender outfit the functional kitchen. It is from the kitchenette that the covered staircase leads back down to the porch and also up through a sliding portal to another smaller spiral staircase at the top of which is a private sundeck with two lounge chairs and a birds-eye 180 degree view of Utila harbor and main street far below.
Maggie's Place takes full advantage of its central location and size of the property with multiple rental spaces and a beautiful, comfortable and fully furnished owner's home with stunning views of the Caribbean Sea.
All rental apartments and the owner's home will be sold fully furnished.