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Published on: Mon, Oct 14, 2024 12:24 PM

Updated on: Mon, Oct 14, 2024 12:34 PM

About the Lister

Name: Marylyn Salva

Company: REMAX ZONE

Office Phone:

Cell Phone: (787) 380-3296

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Investment opportunity in Sabana Grande

364 SABANA GRANDE Sabana Grande Puerto Rico , 00637

REMAX ZONE
Listing ID: CL-Puerto Rico-26803 Mixed Use/Retail

Purchase Option

Asking Price: $59,000.00

Acquisition Option: Traditional Purchase

Cap Rate (%): Contact Lister

Net Operating Income: Contact Lister

Quick Glance

Listing ID: CL-Puerto Rico-26803

Status: Accepting Offers

Property Status: Normal Sale

Building Status: Existing

Year Built: 1923

Building Size: 1,767.00 Sq Ft.

Total Rooms: 6

No of Bedrooms: 4

No of Bathrooms: 2

No of Half Bathrooms: N/a

No of Total Units: 5

Lot Area: 1,767.00 Sq Ft.

No of Stories: 1

No of Parking: N/A

No of Garages: N/a

Pool: No

Water Front: No

Roofing: Not Specified

Attached Documents

No documents added yet!

Listing Summary

Complete Details

Year Build: 1923

Building Size: 1,767

Total Lot Area: 1,767

No. of Stories: 1

No. of Parking: 0

No. of Total Units: 5

No. of Bed Rooms: 4

No. of Bath Rooms: 2

No. of Half-Baths: 0

No. of Garages: 0

No. of Kitchen: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Furnished: No

Water Front: No

Pool: No

Roofing: Not Specified

Detail Description

Calling Investors! 2-Lots! Subdivide the double lot and build a new construction on the vacant lot. Property eligible for both Federal and State Historic Tax Credits which could recoup up to 45% of qualified rehabilitation costs. Charming Double on Corner Lot in Historic Holy Cross – Priced to Sell As-Is! This property is great for investors or home buyers looking to restore and customize a unique double in the Historic Holy Cross neighborhood. Each side features 2 bedrooms and 1 bath, offering fantastic potential for living in one unit and renting out the other, or converting into a spacious single-family home. Decorative (non-working) fireplaces/mantels add character to the interior. The property is framed by beautiful oak trees and situated on an oversized 70 x 117 corner lot, offering a huge side yard and plenty of room for off-street parking. Located just a few blocks from the Mississippi River and minutes from Downtown New Orleans, this home is in Flood Zone X and requires a full renovation, with no utilities currently connected.

Additional Properties

Property Highlights

Dual-Building Investment: Includes two commercial buildings sold side-by-side, maximizing investment potential and footprint.
Immediate High Income: Currently generates $2,975 per month from existing commercial leases, providing instant cash flow.
Significant Upside Potential: Projected full-occupancy income of $4,875 per month, representing strong potential for increased returns.
Mixed-Use Revenue Stream: Offers multiple income sources from commercial (kitchen-equipped space, open layout) and residential (5-bedroom unit) tenants.
Prime Historic Center Location: Strategically located in the Historic Center of Sabana Grande, guaranteeing high foot traffic and proximity to surrounding businesses.

Features

Latitude: 18.08207967 - Longitude: -66.95876406
Directions: Centro histórico de Sabana Grande PR
Flood Zone Code: X
Road Description: Main Throrughfare
Lot Description: 500+ Acres

Listing Address

Additional Links

Other: https://www.propertypanorama.com/instaview/stellar/PR9111741#tour
Other: https://shre.ink/oaN8
Other: https://remax-zone-pr.com/
Other: https://www.bonairehomes.com/en-cc/agents/puerto-rico/san-juan/marylyn-salva/90156001
Social: https://www.facebook.com/remaxzonepr/
Social: https://www.facebook.com/marylynsalva
Social: https://www.linkedin.com/posts/lcda-marylyn-c-salva-81820472_remaxzone-vende-realestatepuertorico-ac
Social: https://www.youtube.com/channel/UCnVsdfZvSoDZk2rmMHG5ICQ
Social: https://www.tiktok.com/@remaxzonepuertorico?lang=en
Social: https://www.instagram.com/remaxzone/

Contacts

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