Strategically located on Dr. Morra, between Guido Spano and Olegario Victor Andrade in the prestigious neighborhood of Villa Morra, First Morra is presented as an exceptional investment. This ambitious project consists of two towers that house 302 apartments, with 120 parking spaces and 46 storage spaces distributed on two levels, all designed to optimize spaces, maximize profitability and low expenses.
With First Morra, you can earn up to 8% net annual rental income with traditional leasing. Additionally, it offers a 20% to 30% increase in value upon project completion.
With 13 levels and up to 12 apartments per floor, First Morra offers a variety of residential options. The studio apartments start from 28.2 m², the one-bedroom apartments from 40.9 m², and the two-bedroom apartments from 55 m². All spaces have been designed with large windows, capacity for king size beds, and an efficient distribution that optimizes every square meter. Prices start at $41,039 and the one- and two-bedroom apartments include a garage and storage room.
The developer offers several payment options, including cash payment, 30% initial delivery, 60% during construction, and 10% on delivery, in addition to fixed installments without initial delivery or reinforcements, facilitating access to a wide range of investors.
First Morra has been designed to offer a complete lifestyle with top-notch amenities. The two towers have elegant lobbies, barbecue area, coworking, lounge, private meeting room, gym, swimming pool, terraces, rooftop restaurant, children's play area and several commercial premises on the ground floor. Additionally, an 800 m² elevated plaza provides a safe and private space for residents to enjoy, a luxury in the middle of the city.
Villa Morra is one of the most coveted areas of Asunción, known for its abundant vegetation that provides shade and coolness, making it pleasant to walk even on the hottest days. With more than 150 companies, including multinationals such as Citibank, Itaú, GNB, and Monsanto, as well as major banks such as Banco Atlas, Sudameris and Continental, this area has a high concentration of economic activity. In addition, it houses key entities such as the Inter-American Development Bank and the Ministry of Industry and Commerce.
This neighborhood is also a gastronomic and entertainment epicenter, with more than 50 gastronomic establishments, universities, corporate offices and shopping centers. Its proximity to corporate and entertainment hubs makes it especially attractive to investors seeking to maximize the return on their investment through rentals.
Demand in Villa Morra is driven by its proximity to attractions, business centers and entertainment areas. The possibility of enjoying a green environment under the shade of its trees is an additional attraction, rare in other capitals in the world. This business dynamism and the high demand for rentals make Villa Morra one of the most profitable areas to invest in Asunción.
Units without a garage are an excellent option in walkable neighborhoods like Villa Morra. They represent a low-ticket investment and offer a good return for investors, taking advantage of the high demand in the area without the need for large initial outlays.
Construction of First Morra is scheduled to begin in March 2025, with delivery projected for March 2028.
PROINVEST, the developer behind First Morra, is a real estate company created by investors for investors, with a proven track record of success in creating profitable projects in Asunción. From its first project, First Living, launched in 2021 and 95% sold before starting construction, to First del Sol and the iconic development FIRST Mariscal in front of Shopping Mariscal, PROINVEST has demonstrated an exceptional ability to meet deadlines and quality standards. promised.
PROINVEST specializes in developing profitable projects based on three key pillars: strategic location, compact apartments and low expenses. This combination ensures maximum return on investment and attracts investors seeking efficiency and value. In addition, PROINVEST partners invest personally in the units they develop, demonstrating their confidence in the projects and providing peace of mind to investors. This philosophy has led to record sales and a solid reputation in the real estate market.
Benitez Bittar, the construction company in charge of the project, has 34 years of experience in the market and a solid reputation based on its focus on quality and innovation. With more than 526,070 m² projected and a presence in 10 cities, its commitment to excellence is evident in each of its developments.
In the residential field, Benitez Bittar has distinguished itself for the attention to detail and quality in each of its projects. From large projects to smaller developments, each project reflects their commitment to excellence and customer satisfaction.
This project promises to not only be an impressive addition to the Villa Morra skyline, but also a solid investment for those seeking security and high returns on their real estate investments.
For more information about First Villa Morra you can contact us at +595 995 626915 or at carlosgimenez@elinmobiliario.com.py.