10 Beds
5 Baths
3,154 SqFt
10 Beds
5 Baths
3,154 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,154 sqft
Price per Sqft $245
Subdivision Pueblo Ward
MLS Listing ID PR9111954
Bedrooms 10
Full Baths 5
HOA Y/N No
Originating Board Stellar MLS
Year Built 1990
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Single Family Residence
Property Description
Discover a rare investment opportunity in Rincon, Puerto Rico, the "Surf Capital of the Caribbean," with this turnkey multifamily property located in the heart of Rincon Town Center. Priced at $850,000, this fully operational property offers a solid return on investment with both short-term and long-term rental potential. Situated walking distance to Rincon's lively town square, it offers tenants a perfect balance of residential tranquility and easy access to numerous restaurants, bars, and local shops. The stunning Rincon beaches are also just a short drive away, ensuring the property is poised to attract year-round rental demand.
This property spans three levels and features five separate apartments, each with its own private kitchen, living area, and bathroom, all equipped with air conditioning for optimal comfort. The first level includes a 1-bedroom, 1-bath apartment and a 2-bedroom, 1-bath apartment with a balcony, offering a cozy and welcoming living space. The second level houses two 2-bedroom, 1-bath apartments, both featuring spacious walkout terraces. The ground level includes a 3-bedroom, 1-bath apartment with ample living space. Each unit is designed for tenant convenience, with multiple parking spaces and a laundry facility located on the lower level.
The property sits on a 1,417 m² lot, providing plenty of room for future development or additional amenities, which could increase both rental income and overall property value. The mixed zoning offers flexibility for potential expansion, adding even more value to this already promising investment. Gross Building Area of 3,908 SF. and a Gross Living Area of 3,153 SF, this property is an excellent opportunity for both experienced and new investors.
Rincon's growing popularity as a tourist and residential destination makes this property an excellent choice for anyone seeking to capitalize on the area's continued appreciation and demand. Whether you are looking to enter the lucrative short-term rental market or secure long-term rental income, this multifamily property offers flexibility and potential for significant returns. With easy access to the town center and nearby beaches, it offers the perfect mix of convenience, comfort, and prime location.
This is your chance to invest in a thriving market at an attractive price. Don't miss out on this exceptional multifamily opportunity in Rincon. Contact us today for more information and to schedule a tour.
Location
State PR
County Rincón
Community Pueblo Ward
Zoning RI
Interior
Interior Features Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo
Heating None
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile, Concrete
Fireplace false
Appliance Microwave, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Balcony
Utilities Available Cable Connected, Electricity Connected, Propane, Water Connected
Roof Type Concrete
Garage false
Private Pool No
Building
Story 3
Entry Level Three Or More
Foundation Block, Concrete Perimeter
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water None
Structure Type Block,Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9111954
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