Area, square meters: House size - 200m2 (2153 sq ft)
Price: $190 000
Description:
We're offering you a beautiful house in an up-and-coming suburb of Panama City. These duplexes are located in the former Air Force Base called "Howard" and were inhabited by the US "Officers" that commanded this previous United States military establishment.These houses are of solid cement block construction and thusly can be remodeled quite easily into whatever style house suits your fancy! TheHoward area is located just after the "Bridge of the Americas" just outside Panama City. As part of a future plan for this "suburb" it will continue to have gorgeous green areas, beautiful flowers, mature trees and lots of peace and quiet.There are wild birds and nice areas for children to walk and play.The area is gated with 24 hour security.The house itself is approximately 200 meters in total area with a moderately sized lot.There are no (zoning) restrictions for further construction (remodeling).Most people that have purchased homes in this area are rebuilding beautifully designed houses.The area is developing very fast because it is still relatively cheap to purchase here. That said, land value will go up steadily much in the same way that the Albrook and Clayton areas have (other former US Bases).There is also a 40 million dollar project that has been approved in Howard that will bring residential developments as well as commercial ones. Lastly, these homes make great rental investments with the current rent values hovering between $1000 - $1200 a month.