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Listed by
Bought with
Bought with
$ 495,000
Est. payment | /mo
2,808 SqFt
$ 495,000
Est. payment | /mo
2,808 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $176
MLS Listing ID PR9115298
HOA Y/N No
Year Built 1979
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 130.78
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
A unique investment opportunity in Arroyo: corner multifamily building for sale with two levels, featuring seven apartments—three currently rented and four under construction. Located in a strategic and fast-developing area, this property is perfect for investors seeking immediate rental income and strong appreciation potential. The building includes seven units, distributed as follows: three apartments with two bedrooms and one bathroom, and four apartments with one bedroom and one bathroom. The three rented units are generating income from day one. The remaining four are under construction, with advanced structural work in place and ready to be completed to the new owner's preferences. Positioned on a corner lot, the property offers enhanced visibility and accessibility. It is located near the Malecón, Las Palmas Beach, a new tourist hotel under development, as well as shops, services, and with quick access to the main roads in the area. This investment offers a rare combination of immediate cash flow and the potential to significantly boost income once the remaining units are completed. Ideal for developers, investors, or buyers looking to expand their portfolio in a high-growth market. For more information or to schedule a visit, contact us today. Don't miss this excellent opportunity in the heart of Arroyo.
Location
State PR
County Arroyo
Area 00714 - Arroyo
Interior
Cooling None
Exterior
Roof Type Concrete
Building
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Structure Type Concrete
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
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Rich Henderson
Sales Executive | License ID: SL3522272