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Listed by Keller Williams Grand Homes
$ 450,000
Est. payment /mo
New
65 AV. DE INFANTERIA Carolina, PR 00982
9 Beds
6 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $90
MLS Listing ID 66617
Bedrooms 9
Full Baths 6
Half Baths 1
Year Built 1980
Lot Size 365 Sqft
Property Description
MULTIFAMILY INVESTMENT PROPERTY | URB. EL COMANDANTE Financing options may include Cash, FHA, Conventional, and VA, subject to lender and property qualification requirements. Excellent opportunity to acquire a multifamily property offering multiple potential income streams, existing rental infrastructure, and additional expansion potential. Located in Urbanización El Comandante, Puerto Rico, this approximately 5,100 sq. ft. concrete property sits on an approximately 365-square-meter lot and currently consists of five residential units, with a total of 9 bedrooms and 6.5 bathrooms. CURRENT CONFIGURATION Three units are currently configured for short-term rental use, each consisting of one bedroom and one bathroom. These units are currently offered at approximately $120 per night, per unit, and each has designated parking. Two additional units each consist of three bedrooms and one bathroom and are configured for long-term rental use. INCOME POTENTIAL Based on current estimates, the property may generate approximately $5,200 per month if operated entirely as long-term rentals. There is also an area that may offer the potential to develop an additional sixth unit of approximately one bedroom and one to one-and-a-half bathrooms, subject to applicable permits, zoning, construction requirements, and governmental approvals. If an additional unit is legally developed and rented, estimated total long-term rental income could potentially increase to approximately $5,900 per month, or approximately $70,800 annually in projected gross rental income. The property provides investors with several possible operating strategies, including maintaining a combination of short-term and long-term rentals, converting the existing units to traditional long-term rentals, or evaluating the feasibility of developing an additional unit. INFRASTRUCTURE AND FEATURES The property currently includes two electric meters, with infrastructure or space that may accommodate a third meter, subject to utility approval. It also includes two water meters, a solar panel system with an approximate monthly payment of $373, two Tesla batteries, and an approximately 600-gallon water cistern. The property offers designated parking areas for the different units, including parking for the short-term rental units, long-term rental units, and a covered carport serving the lower-level unit. Additional features include concrete construction, interior stairways, a covered Galvalume terrace, multifamily configuration, and potential for further development. This property represents an opportunity to acquire an approximately 5,100-square-foot multifamily asset with five existing units, short-term and long-term rental configurations, and additional development potential. Additional property and rental information may be made available to qualified buyers for evaluation. Income figures, rental rates, operating projections, and future dev..
Location
State PR
Community Carolina
Area Carolina
Exterior
Parking Features Open
Garage Spaces 3.0
Building
Lot Description Terrace, Balcony
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PMI Puerto Rico
Broker License ID: E-283