Under contract-accepting backup offers. Calling all investors: High cap rate with tons of flexibility. This is a rare deal in Vieques.
Multi-unit building in Villa Borinquen, Vieques, PR with expansive views. In addition to an attractive return on investment, this building is perfectly setup for an investor to qualify for the bed and breakfast tax credit or guest house tax credit in Puerto Rico, resulting in 30-40% of overall acquisition costs paid back to the investor over the course of 3-4 years. Ask the seller for more details.
This building was fully renovated in 2022-2023 including: adding units, updating all bathrooms and kitchens, new tile, updating paint, concrete work, air conditioning,plumbing upgrades including the addition of hot water throughout the units, electric upgrades, new furniture, installation of water pressure pump, addition of cisterns for water storage, addition of solar,and upgrading the pool.
The property sits on .27 acres of land on a dead-end street, with mature fruit trees, flowers, and a fully fenced in yard. The 180-degree views of the ocean, Puerto Rico, St. Thomas, and St John make for the perfect Caribbean setting while enjoying ever-present breezes from the rooftop terrace.
All units share a common pool, outdoor kitchen, fenced in back yard, and barbeque. All units have air conditioning in every room, including common areas.
The 4 units are as follows:
Unit 1Three (3) bed, three (3) bath, living room, dining room, full kitchen, kitchenette, screened in porch, front porch, laundry, and private rooftop.
Unit 2 (downstairs): Two (2) bed, one (1) bath, living room, dining room, full kitchen, laundry, and private patio.
Unit 3 (downstairs): Poolside studio, kitchenette, bath, laundry, and screened porch.
Unit 4: Studio casita, kitchenette, bath, private rooftop. Can be rented with unit 1 as a 4-BR BnB.
Multi-unit building in Villa Borinquen, Vieques, PR with expansive views. In addition to an attractive return on investment, this building is perfectly setup for an investor to qualify for the bed and breakfast tax credit or guest house tax credit in Puerto Rico, resulting in 30-40% of overall acquisition costs paid back to the investor over the course of 3-4 years. Ask the seller for more details.
This building was fully renovated in 2022-2023 including: adding units, updating all bathrooms and kitchens, new tile, updating paint, concrete work, air conditioning,plumbing upgrades including the addition of hot water throughout the units, electric upgrades, new furniture, installation of water pressure pump, addition of cisterns for water storage, addition of solar,and upgrading the pool.
The property sits on .27 acres of land on a dead-end street, with mature fruit trees, flowers, and a fully fenced in yard. The 180-degree views of the ocean, Puerto Rico, St. Thomas, and St John make for the perfect Caribbean setting while enjoying ever-present breezes from the rooftop terrace.
All units share a common pool, outdoor kitchen, fenced in back yard, and barbeque. All units have air conditioning in every room, including common areas.
The 4 units are as follows:
Unit 1Three (3) bed, three (3) bath, living room, dining room, full kitchen, kitchenette, screened in porch, front porch, laundry, and private rooftop.
Unit 2 (downstairs): Two (2) bed, one (1) bath, living room, dining room, full kitchen, laundry, and private patio.
Unit 3 (downstairs): Poolside studio, kitchenette, bath, laundry, and screened porch.
Unit 4: Studio casita, kitchenette, bath, private rooftop. Can be rented with unit 1 as a 4-BR BnB.
Property Details
Price:
$875,000
MLS #:
PR9104790
Status:
Pending
Beds:
7
Baths:
6
Address:
394 CASA MARIPOSA
Type:
Single Family
Subtype:
Villa
Subdivision:
VILLA BORINQUEN
City:
VIEQUES
Listed Date:
Feb 22, 2024
State:
PR
Finished Sq Ft:
3,250
ZIP:
00765
Lot Size:
11,861 sqft / 0.27 acres (approx)
Year Built:
2006
See this Listing
From San Juan and all areas between, Schera Ramirez has represented clients in a variety of homes and price ranges. Schera has an immense passion for Puerto Rico real estate, architecture, and helping her clients exceed their goals. Repeat clients and numerous referrals serve as a testament to her tireless work ethic and real estate acumen. A strong professional network, locally and globally, has allowed Schera to best position her clients here, as well as in other markets. Solid negotiating s…
More About Schera C-20024Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Dryer, Freezer, Range, Refrigerator, Washer
Bathrooms
6 Full Bathrooms
Cooling
Mini- Split Unit(s)
Flooring
Ceramic Tile
Heating
None
Laundry Features
Laundry Closet
Exterior
Community Features
None
Construction Materials
Block, Concrete
Exterior Features
Balcony, Courtyard, Garden, Lighting, Outdoor Grill
Roof
Concrete
Financial
Buyer Agent Compensation
3%%
Tax Year
2023
Map
Community
- Address394 CASA MARIPOSA VIEQUES PR
- CityVIEQUES
- CountyVieques
- Zip Code00765
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Courtesy of BRAVOS BOYZ. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than (743590029) REALTYBROKERPR.COM include the name of the listing broker. Neither the listing company nor (743590029) REALTYBROKERPR.COM shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
394 CASA MARIPOSA
VIEQUES, PR
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