Thank you
Thomas Denton
BRAVOS BOYZ
787-550-6913
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.
Total Bedroom: 7
Total Baths: 6
Full Baths: 6
Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan
Roof : Concrete
Appliances : Dishwasher, Dryer, Freezer, Range, Refrigerator, Washer
Laundry Features: Laundry Closet
Concrete
Flooring : Ceramic Tile
Construction Materials : Block, Concrete
Heating: None
Cooling: Mini-Split Unit(s)
WaterSource: Public
Year Built: 2006
Balcony, Courtyard, Garden, Lighting, Outdoor Grill
Construction Materials: Block, Concrete
Foundation Details: Block, Concrete Perimeter, Slab
Private Pool: 1
Gunite, In Ground
Lot Square Feet: 11861
Lot Acres: 0.27
Lot Size (SqMt): 1102
Property Type: Residential
Sub Type: Villa
Original List Price: $875000
Tax Lot: 394
Tax Legal Description: Located in barrio Villa Borinquen
Annual Tax: $0
Tax Year: 2023
Parcel Number: 457-053-162-09-000
Electricity Connected, Propane, Water Connected
Sewer: Septic Tank
Water Source: Public
Subdivision: VILLA BORINQUEN
City: VIEQUES
Direction: Take 200 past the High School then take your next left near the emergency dispatch center. Follow the road to the next intersection and turn left. Take the next right turn to the top of the hill and turn right. The house is at the end of the road on the left.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
344 La Hueca Bluff, Vieques, PR,00765 | $3,400,000 | -- | -- | 466,092 | 10.7 Acres |
655A Villa Borinquen, Vieques, PR,00765 | $379,000 | 3 | 4 | 1,273 | 0.17 Acre |
23 Casa Margarita Avenue, Vieques, PR,00765 | $425,000 | 4 | 3 | 3,000 | 0.82 Acre |
8 Beachfront Estates, Vieques, PR,00765 | $6,200,000 | 3 | 5 | 3,000 | 0.36 Acre |
10 Monte Santo Playa #D.., Vieques, PR,00765 | $545,000 | -- | -- | 41,879 | 0.96 Acre |
43 Martineau, Vieques, PR,00765 | $175,000 | -- | -- | 9,263 | 1.94 Acres |
1 Vista Linda Lane, Vieques, PR,00765 | $1,499,000 | 5 | 4 | 8,795 | 3 Acres |
1918 Bo. Pilon, Vieques, PR,00765 | $550,000 | 5 | 3 | -- | 6.5 Acres |
3055 Bo. Pilon, Vieques, PR,00765 | $250,000 | -- | -- | 143,363 | 3.29 Acres |
D 13 Casa Ladera, Vieques, PR,00765 | $1,200,000 | 6 | 5 | 2,200 | 1.09 Acres |
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Based on information submitted to the MLS GRID as of 05/03/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/03/2024 @ 06:20
MLS: MFRMLS #PR9104790
LISTED BY: Thomas Denton, BRAVOS BOYZ
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.