Active

$875,000

Features:
  • 7 Bedrooms
  • 6 Bathrooms
  • 3250 sq ft
Overview
  • ID: MFRPR9104790
  • Bedrooms: 7
  • Bathrooms: 6
  • Size: 3250 sq ft
Property Details
Remarks
Calling all investors: High cap rate with tons of flexibility. This is a rare deal in Vieques. Multi-unit building in Villa Borinquen, Vieques, PR with expansive views. In addition to an attractive return on investment, this building is perfectly setup for an investor to qualify for the bed and breakfast tax credit or guest house tax credit in Puerto Rico, resulting in 30-40% of overall acquisition costs paid back to the investor over the course of 3-4 years. Ask the seller for more details. This building was fully renovated in 2022-2023 including: adding units, updating all bathrooms and kitchens, new tile, updating paint, concrete work, air conditioning,plumbing upgrades including the addition of hot water throughout the units, electric upgrades, new furniture, installation of water pressure pump, addition of cisterns for water storage, addition of solar,and upgrading the pool. The property sits on .27 acres of land on a dead-end street, with mature fruit trees, flowers, and a fully fenced in yard.  The 180-degree views of the ocean, Puerto Rico, St. Thomas, and St John make for the perfect Caribbean setting while enjoying ever-present breezes from the rooftop terrace. All units share a common pool, outdoor kitchen, fenced in back yard, and barbeque. All units have air conditioning in every room, including common areas. The 4 units are as follows: Unit 1Three (3) bed, three (3) bath, living room, dining room, full kitchen, kitchenette, screened in porch, front porch, laundry, and private rooftop. Unit 2 (downstairs): Two (2) bed, one (1) bath, living room, dining room, full kitchen, laundry, and private patio. Unit 3 (downstairs): Poolside studio, kitchenette, bath, laundry, and screened porch. Unit 4: Studio casita, kitchenette, bath, private rooftop. Can be rented with unit 1 as a 4-BR BnB.
Financial Considerations
Price:
$875,000
HOA Fee:
N/A
Tax Amount:
$0
Price per SqFt:
$269.23
Tax Legal Description:
Located in barrio Villa Borinquen
Exterior Features
Lot Size:
11861
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Concrete
Pool:
Yes
Pool Features:
Gunite, In Ground
Interior Features
Bedrooms:
7
Bathrooms:
6
Heating:
None
Cooling:
Mini-Split Unit(s)
Appliances:
Dishwasher, Dryer, Freezer, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Villa
Style:
N/A
Year Built:
2006
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Garden, Lighting, Outdoor Grill
Additional Features 2:
N/A
Map
  • Address
    394 CASA MARIPOSA
Contact a Professional
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  • Communication and Transparency
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  • After-Sale Support
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