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CASH ONLY | Multifamily home with land and development potential in Río Grande | $168,000 | MLS# 64449
Rogelio Ferrer Ramos Agent Photo
Rogelio
Ferrer Ramos
C. (787) 460-4896
P. (787) 278-4896
License #: C6384
Phone Rogelio http://www.remaxdorado.com
RE/MAX Dorado Realty
PoBox 547. Dorado, PR 00646

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
Bedrooms5
Bathrooms3
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


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About

Remax Dorado Realty offers the expertise and the right service to ensure that your real estate goals are met! Our agents are veteran RE/MAX professionals that can tackle your real estate needs quickly, efficiently and accurately.


If you're buying
We can answer questions on home financing and local community issues. Our staff are Dorado residents that know the area by heart. We will help you determine your specific needs and work hard to find a home with all the amenities you're looking for, at a price you can afford.


If you're ready to sell
Our agents can help you determine your property's worth in today's market. We develop an individual marketing plan to sell your property quickly and at the right price. And as part of the community and RE/MAX, we have access to a long list of potential buyers for your property.

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