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Bo. Palos Blancos, House in Corozal | $380,000 | MLS# 64815
Jennifer Lopez Agent Photo
Jennifer
Lopez
P. (787) 245-3722
License #: 17044
Phone Jennifer http://www.realestaterinconpr.com
Tropical Coast Properties
Carr 115 Km 8.7 Bo Calvache Rincón, PR 00677

Puerto Rico
MLS# 64815

Details

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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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