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10 Bo. Calvache, Carr. 411, Rincon, Rincon, Rincon, US 00677

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For Sale

$895,000

12 beds • 5 baths • 2,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $358.00
    Price per square foot

  • 11-20 Years Old
    Age

Explore this Property

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. Price: $895,000..
MLS# 54562

Courtesy Of Dream Home P.R. Real Estate

(787) 629-0930

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Dock, Disabled Access, Garden
  • Architecture Style
    Other

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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