CASH ONLY | Multifamily home with land and development potential in Río Grande | $168,000 | MLS# 64449
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RE/MAX Classic PR
898 Munoz Rivera Ave. PS-3 San Juan PR 00927

Puerto Rico
MLS# 64449

Details

%
Years (35 year max)
Years



AreaRio Grande
Sub AreaMalpica (Barrio)
State/ProvinceRio Grande
CountryPuerto Rico
Price$168,000
Property TypeHouse
Bedrooms3
Bathrooms2
Floor Space1800 Square Feet
Lot Size4559.01 m²
Year Built1990
Parking4 Spaces, Open
MLS® #64449

Excellent opportunity for investors seeking immediate income and maximizing the potential of a property with ample land. Located in one of the fastest-growing areas of Rio Grande, this property is strategically situated minutes from El Yunque National Forest, Camarero Racetrack, Rio Grande beaches, and approximately 10 minutes from The Outlet 66 in Canovanas, with easy access to main roads, shopping, restaurants, and services. The property features two independent residential units: First level: 1 bedroom and 1 bathroom. Second level: 2 bedrooms and 1 bathroom. Currently generating approximately $700 per month in rent, offering immediate income from day one. What truly sets this property apart is its approximately 4,559.01 square meter (1.16 cuerdas) lot, providing multiple possibilities for: Expanding existing structures. Building additional units. Developing a multi-family project. Creating a short-term rental concept. Maximizing future investment returns. The tourist location and the area's continued growth make this property an excellent alternative for investors seeking capital appreciation and income generation. Cash Only Sale. This property offers potential for appreciation and development, existing income, and ample land for future expansion. Don't miss this opportunity to acquire a property with current cash flow and significant growth potential. Buyers are advised to conduct their due diligence regarding lot size, zoning, utility availability, and development feasibility according to current regulations..


Listed by Kelvin Garcia Realty


Location

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Data Source: Statistics Canada
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