Eddie
Nieves Santiago

C. (787) 307-6673
P. (787) 307-6673
License #: 15185
Phone Eddie http://www.eddierealty.com

Eddie Realty & Associates
Po Box 153 Boqueron PR 00622-0153

Puerto Rico

Details

public calc mortgage calc

Area	Rincon
Sub Area	Calvache (Barrio)
State/Province	Rincon
Country	Puerto Rico
Price	$995,000
Property Type	House
Bedrooms	12
Bathrooms	5
Floor Space	2500 Square Feet
Lot Size	1400.00 m²
Year Built	2013
Parking	6 Spaces, Open
MLS® #	54562

Exceptional Investment Opportunity: Prime Multifamily Property in Rincon Presenting a unique and lucrative investment opportunity, this multifamily estate in the charming town of Rincon is now available for sale. Comprising a total of 5 apartments, the property boasts four expansive 3-bedroom units, each featuring a well-appointed bathroom, a generously sized living room, and a modern kitchen. Adding to the allure, every three-bedroom apartment includes a private balcony, providing a delightful outdoor space. In addition to the four 3-bedroom units, the estate offers a spacious 1-bedroom apartment with high ceilings, perfectly complementing the diverse housing options within the building. Residents will enjoy shared access to a pergola space, a well-maintained yard, and ample dedicated parking. The rooftop, a blank canvas, offers potential for development or transformation into a stunning rooftop balcony, enhancing the overall appeal of the property. Security and privacy are paramount, with the entire premises fenced and gated, ensuring a secure environment for residents. Constructed in 2013 with meticulous attention to detail, the property spans 1,400.0324 square meters (approx.). Its strategic location in the beautiful town of Rincon ensures proximity to the finest beaches, top-notch restaurants, and the vibrant downtown area. A key feature of this investment is the inclusion of furnished units, providing added value and convenience. One of the 3-bedroom apartments comes fully furnished with 2 full beds, two twin beds, a couch, TV, dining table, and a washer and dryer. The 1-bedroom unit is also tastefully furnished, enhancing the overall appeal for potential tenants. Currently, four of the apartments are generating a robust $4,800 in monthly revenue. The remaining 3-bedroom apartment, currently occupied by the seller, presents an opportunity to increase revenue further. Upon relocation, rental rates for the 3-bedroom unit are expected to range between $1,100 to $1,200, contributing to an impressive total monthly revenue of $6,000. Notably, the property features a mix of long-term tenants and an Airbnb arrangement for the 1-bedroom unit, diversifying the revenue streams. This well-balanced investment portfolio, combined with the town's popularity and the property's proximity to amenities, positions this 5-plex as a compelling and secure investment opportunity. Seize this chance to own a piece of Rincon's thriving real estate market. Contact us today to explore this outstanding multifamily property and secure your position in this lucrative investment..

Listed by Dream Home P.R. Real Estate

Location

Map Walk Score^® Travel Time

Use two fingers to move the map

Street View Satellite

Use two fingers to scroll demographics

Mapping Disclaimer THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
(click to close)

About

Puerto Rico offers all of this along with glitzy resorts, architectural remnants of a rich, colonial past and an eclectic Caribbean Spanish culture. And the fact that Puerto Rico is a commonwealth of the United States, allowing hassle-free travel to and from the mainland, makes the island a one-of-a-kind destination, perfect to call home.

Why Buying Real Estate in Puerto Rico is a Great Idea

There are a number of reasons why buying real estate in Puerto Rico is a great idea. Americans seeking to retire to a tropical paradise or to invest in a hot market are offered flexible financing, zero immigration concerns, and astounding tax breaks.

For years now, boomers have chosen places like Belize and Panama as ideal retirement destinations, never realizing they had an even better choice right in their own backyard. If warm trade winds and picturesque beaches lined with coconut trees are on your “must have” retirement list, Puerto Rico is calling you home.

Here’s why buying now makes a lot of sense

The property market in Puerto Rico has been in a serious slump over the last decade and prices are currently down, in some places by as much as 50%. It’s definitely a buyers’ market right now. But that won’t last long as more and more retirees and investors learn of the amazing deals to be had on this gorgeous island.

And did I mention the amazing tax breaks? Puerto Rico is one of the most attractive tax havens in the world for U.S. citizens. Those who are attracted to the idea of paying zero taxes on dividends and capital gains should definitely consider moving here full time.

At Your Service Always!"

We may be a small, local office, but we have the skills and expertise to serve any type of client looking for smart investment opportunities in the western side of Puerto Rico. Our belief of how clients should be treated is simple: When there is honesty from the very beginning, there is always trust at the closing.

I love working with first time home buyers and those looking to retire to this tropical paradise. I pride myself on being able to find the best deals and helping investors get the greatest returns for their portfolio.

Our team of real estate experts is unique. We are a group of elite real estate brokers and agents that possess the experience of actual market conditions and are legally registered in the government agencies.

We offer services that support all aspects of real estate buying and selling in Puerto Rico including being a seller’s real estate representative, buyer’s real estate representative, and offering comparable marketing analysis.

Thanks to the current tax benefits and splendor this island offers, thousands of high-net-worth retirees have moved to Puerto Rico in the past few years alone. Why not join them and make the next stage of your life extraordinary?

Why not let us help you?