Cheap Condos in Cabo For Sale

The average sales price of condominium properties in Cabo San Lucas have been on a steady climb since 2010. From January 2019 to January 2020 the median sales price of condos rose from $206,000 to $292,700 and the median listing price rose from $320,900 to $396,000. That's why we think Morgan Residences in Cabo San Lucas offers a unique purchase opportunity with prices starting as low as $97,000 for one bedroom loft condos in Cabo.

Container Built Condos Offer Hurricane Proof Strength

One concern that real estate buyers in Los Cabos have is the potential for hurricanes. And, while significant storms don't often hit us here in Cabo, they can – and when they do, property damage does occur. Morgan Residences condos are constructed from steel shipping containers making them virtually hurricane proof structures. With the addition of hurricane screens or shutters on windows these condos are capable of holding up to the most severe winds and the flying debris that comes with them.

Having that level of security at such a low price point is yet another reason we find this to be an excellent entry into real estate ownership in Los Cabos.

---

Prices and Multi-Unit Packages for a Great Vacation Rental Business in Cabo

1BR, 1.5BA loft style condos are priced from $97,000 with just over 783 sq.ft. of living space. 2 BR/2BA single-level condos are priced at $175,000 with just over 1,446 sq.ft. of living space. These are "lock-off" units that create two seperate units for rental income – a 1BR/1BA with full kitchen and living room and a 1BR/1BA with a kitchenette. Rent them both when you're away or rent one while living full-time in the other making rental management a breeze.

At the upper end of this project is the option to purchase multiple units creating even greater rental potential. Purchase a 2BR/2BA unit along with an adjoining 1BR/1BA loft and you end up with 3 units for $200,640.

The largest packaged purchase gives you a total of 5BR/5BA's with over 2,500 sq.ft. of living space for $349,680. That's 5 potential rentals using the lock-off options, and, based on current rental rates, the potential for $37,200 in rental income per year! The potential investment returns are exceptional – one more reason to consider a tour and purchase.

HOA fees are low and range from $115 to $199 per month.

CABO DEVELOPER FINANCING AVAILABLE:

Terms: 50% down for 3 years at 8% or 5 years at 10%, no qualifying required.