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Bo. Palos Blancos, House in Corozal | $380,000 | MLS# 64815
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# 64815

Details

%
Years (35 year max)
Years



AreaCorozal
Sub AreaPalos Blancos (Barrio)
State/ProvinceCorozal
CountryPuerto Rico
Price$380,000
Property TypeHouse
Bedrooms12
Bathrooms4
Floor Space5100 Square Feet
Lot Size863.00 m²
Year Built1996
Parking6 Spaces, Open
MLS® #64815

Multifamily Investment Opportunity | 4 Units + Separate House Price: $380,000 Excellent opportunity for investors seeking a property with a solid income base and potential for increased returns. The property features 4 units in the main building, all in good condition, plus an additional separate house on the same lot, for a total of 5 potential income units. Layout: Unit 1: 4 bedrooms / 1 bathroom Unit 2: 3 bedrooms / 1 bathroom Unit 3: 3 bedrooms / 1 bathroom Unit 4: 2 bedrooms / 1 bathroom Unit 5: Separate house with 3 bedrooms / 1 bathroom One of the units already generates $1,100 per month, and the 4 main units offer an attractive foundation to begin generating income. The additional separate house requires improvements and finishing touches to make it ready for rental, offering the buyer the opportunity to add value and increase the property's monthly income. Estimated income potential once stabilized: approximately $5,000 to $5,250 per month, subject to final condition, necessary improvements, and current market rents. At this income level, the property represents an attractive opportunity for investors seeking cash flow, multiple units, and value growth on a single property. Ideal for investors looking for a value-add property with four functional units and a fifth independent unit with the potential to increase returns..


Listed by Keller Williams Grand Homes


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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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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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