A bright living and dining area with wood-beamed ceilings, tile floors, and neutral-toned furniture. A dining table with chairs sits near a console table with flowers.

Agave Building – Three Rental Apartments in One!

$525,000
  • 5 Rooms
  • ~4,197 m² Living area

Description

Charming Multifamily Property on Historic Avenida Independencia. This delightful multifamily property is located on the historic Avenida Independencia — a street where festivals, religious processions, and centuries of history intermingle — just five minutes from San Miguel’s Centro. The three individually metered residences blend colonial architecture with modern comfort and convenience. Owner built by Builder/Contractor from the States. The property showcases his hallmark quality construction, thoughtful layout, and refined finishes. Travertine marble and natural wood accentuate the interiors — used in the beams, doors, custom closets, and kitchen cabinetry. Other standout features include trough sinks, pillow bóveda ceilings, clay tile roofing, rustic touches, and sweeping panoramic views of the valley and cityscape. Each of the three units has its own independent entrance, generous floor plan, and strong rental potential — making this an investment opportunity where owners can live in one unit and generate immediate passive income. Owner financing is available. Ground Floor Apartment Private carport with direct access to the apartment Spacious living area with ceiling fan and access to a serene back patio featuring a colonial-style fountain — ideal for gatherings or afternoon BBQs Open-plan living and dining area with fireplace (gas). Fully equipped kitchen with brand-new refrigerator, stove, dishwasher, and ample cabinetry. Laundry area with washer, dryer, and large pantry. Primary bedroom with en-suite bathroom and walk-in closet. Secondary bedroom with large closet. Full guest bathroom serving both the second bedroom and common areas. Small storage room. Intercom with camera. All windows have mosquito screens. Solar-powered exterior lighting. Second-Floor Apartment Fully furnished. Inviting terrace with natural light, fresh air, and breathtaking sunrise views. Open-concept living-dining room with fireplace and skylight. Bright, functional kitchen with excellent storage, adjacent pantry, and laundry area. Spacious primary bedroom with en-suite bathroom and walk-in closet. Large secondary bedroom with its own full bathroom and generous walk-in closet. Ceiling fans throughout. Mosquito screens on all windows. One-carport. Top-Floor Apartment / Casita Fully furnished. Expansive terrace overlooking the valley, perfect for sunrise views. Cozy living area with electric fireplace. Open kitchen with ample storage. Full bathroom serves both the bedroom and social areas; includes stackable washer/dryer unit. Generous bedroom with large closet. Ceiling fans. Mosquito screens on all windows. While this property has seen limited rental activity to date, it presents excellent income-generating potential thanks to its thoughtful design, independent entrances, and prime location just minutes from San Miguel’s historic center. The three fully equipped residences are ideal for short- or long-term rentals, multigenerational living, or a combination of owner-occupancy and leasing. Floor plans are available upon request to support your vision for how best to use or optimize this unique property.
Features
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Engel & Völkers

Your advisor: Miguel Allende

Property ID: AM-5085289

Property details
  • Object type

    Detached House

  • Rooms

    5

  • Parking spaces

    2

  • Living area

    ~4,197 m²

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