Discover an incredible investment opportunity in the peaceful Costa del Sol Community of Río Grande. This 5,163 sq. ft. two-story multi-family property sits on an 835 sq. meter lot and offers endless possibilities. Previously used as an elderly home, it features 13 bedrooms, 8 bathrooms, a spacious commercial-grade kitchen, reception area with a small lobby, administrative office, and ample living and dining spaces. The property also includes porches, balconies, handicap-accessible bathrooms and open gated parking. The layout divides into a first floor with 4 bedrooms, 3 bathrooms, and multiple common areas, while the second floor provides 9 bedrooms, 5 bathrooms, storage, and a central hallway. While the property needs remodeling, it is situated on a quiet neighborhood, just south of PR-3. This residential-zoned property is fenced, equipped with a septic tank, and located outside the FEMA flood zone. Perfect for conversion into a boutique hotel, investment rental property, or multi-unit residence, it is ideally positioned near beautiful beaches, lush rainforest attractions, and key amenities. Don’t miss this rare opportunity to invest in the thriving Río Grande area!..