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Listed by Keller Williams Grand Homes
$ 380,000
Est. payment /mo
Active
803 CARR Corozal, PR 00783
12 Beds
4 Baths
5,100 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $74
MLS Listing ID 64815
Bedrooms 12
Full Baths 4
Year Built 1996
Lot Size 863 Sqft
Property Description
Multifamily Investment Opportunity | 4 Units + Separate House Price: $380,000 Excellent opportunity for investors seeking a property with a solid income base and potential for increased returns. The property features 4 units in the main building, all in good condition, plus an additional separate house on the same lot, for a total of 5 potential income units. Layout: Unit 1: 4 bedrooms / 1 bathroom Unit 2: 3 bedrooms / 1 bathroom Unit 3: 3 bedrooms / 1 bathroom Unit 4: 2 bedrooms / 1 bathroom Unit 5: Separate house with 3 bedrooms / 1 bathroom One of the units already generates $1,100 per month, and the 4 main units offer an attractive foundation to begin generating income. The additional separate house requires improvements and finishing touches to make it ready for rental, offering the buyer the opportunity to add value and increase the property's monthly income. Estimated income potential once stabilized: approximately $5,000 to $5,250 per month, subject to final condition, necessary improvements, and current market rents. At this income level, the property represents an attractive opportunity for investors seeking cash flow, multiple units, and value growth on a single property. Ideal for investors looking for a value-add property with four functional units and a fifth independent unit with the potential to increase returns..
Location
State PR
Community Corozal
Area Corozal
Exterior
Parking Features Open
Garage Spaces 6.0
Building
Lot Description Balcony
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PMI Puerto Rico
Broker License ID: E-283