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Listed by MLC Realty
$ 380,000
Est. payment /mo
Active
101 CARRETERA 653 Arecibo, PR 00612
6,480 SqFt
UPDATED:
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
Square Footage 6,480 sqft
Price per Sqft $58
MLS Listing ID 66216
Year Built 1985
Property Description
Mixed-use building located in one of Arecibo's busiest areas: Villa Los Santos Urbanization, next to the University of Puerto Rico at Arecibo (CUTA) and across from the Medical Tower on Highway 653. A location with high demand for both commercial and residential use. The property has approximately 6,480 square feet of construction on a 338 sq m lot and is distributed as follows: 4 commercial spaces and 4 residential apartments. Currently, 6 of the 8 units are rented, generating over $3,500 in monthly income. Additionally, 2 units remain available, providing an opportunity to increase cash flow and maximize the property's profitability. Total income potential of $4,900.00. Regarding utilities, the building has 1 water meter and 6 LUMA electric meters, a distribution that facilitates service management for the different units. With these figures, the property projects an approximate cap rate of 10%, an indicator widely recognized as attractive to investors seeking assets with recurring income and long-term appreciation potential. If your goal is to diversify your portfolio, strengthen your wealth, and acquire a property with cash flow from closing, this is an opportunity worth considering. Invest in an asset that already generates income. Visits by appointment only. The best investments don't wait. Make your capital work for you and start building wealth today that will generate income for many years. Sale Price: $380,000..
Location
State PR
Community Building
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PMI Puerto Rico
Broker License ID: E-283