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Listed by Space Realty
$ 1,650,000
Est. payment /mo
Active
PR-4466 PR 4466 KM 2.8 Isabela, PR 00662
2,600 SqFt
UPDATED:
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $634
MLS Listing ID 64646
Year Built 2006
Property Description
INVESTMENT OPPORTUNITY: BARRIO BAJURAS, ISABELA P.R. Location: PR-4466 KM 2.8, Isabela, Puerto Rico Asset Type: Income-Producing Short-Term Rental (STR) Portfolio & 11-Lot Residential Development Site This 3.6-acre coastal estate offers a unique "Dual-Value" proposition. It currently operates as a high-performing boutique STR portfolio with 5 units with (1) Bedroom and (1) bathroom each, while simultaneously being an 11-lot residential subdivision. At the requested price point, the investor acquires the property at a significant discount to its aggregate retail value. •The property features a fully remodeled main house (3 apartments) and 2 remodeled modern container homes, each are (1) bedroom and (1) bathroom, with proven outstanding income producing results. "Top 10%"performer in the Isabela market due to proximity to Jobos Beach. •Isabela is currently the most active market in North Western Puerto Rico for Act 60 investors and luxury tourism. It's strategic location advantage, directly on the PR-4466 corridor across from the ocean; only 7-minute walk to Playa Jobos; 10-minute walk to Shacks Beach and 15 minutes from Aguadilla Airport. •The property includes a Segregation Plot Plan “Plano de Segregación”, adding a $10K value worth to the buyer. Total Lots: 11 (including the existing house/container structure).Lot Sizes: (1) lot of 1782.7 m² and (10) lots of 900.00 m². Market Retail Value (Land Only): Comparable lots in Barrio Bajuras retail for $160k – $299k each. Total Potential Land Sell-Out: $1,760,000+ (Note: Selling the land alone nearly covers the entire acquisition price, leaving the investor with the remodeled house and container homes at a "near-zero" cost basis). Don't miss out on the best opportunity to own an 3.6 Acres land and income producing STR properties in the Isabela, PR; right now the best and most sought after paradisiatic area, with the best beaches and renowed restaurants in the Island..
Location
State PR
Community Lot
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PMI Puerto Rico
Broker | License ID: E-283