Notify me of more listings like this...

Create your own personal listing search:

  • Get a specialty tailored website for all your matched properties.
  • Get notified immediately as a new property matches your search criteria.
  • Track properties as they sell.
  • Follow market trends and stats.
  • Gain access to all property details.
Always FREE, Sign up in under 1 minute!

Get Started
Bo. Palos Blancos, House in Corozal | $380,000 | MLS# 64815
Marylyn Salva Agent Photo
Marylyn
Salva
C. (787) 380-3296
P. (787) 405-2673
License #: 16270
Phone Marylyn http://www.remax-zone-pr.com
RE/MAX Zone: Zona Metro & Isla Realty
Cupey Plaza Suite 3B San Juan, PR 00926

Puerto Rico
MLS# 64815

Details

%
Years (35 year max)
Years



AreaCorozal
Sub AreaPalos Blancos (Barrio)
State/ProvinceCorozal
CountryPuerto Rico
Price$380,000
Property TypeHouse
Bedrooms12
Bathrooms4
Floor Space5100 Square Feet
Lot Size863.00 m²
Year Built1996
Parking6 Spaces, Open
MLS® #64815

Multifamily Investment Opportunity | 4 Units + Separate House Price: $380,000 Excellent opportunity for investors seeking a property with a solid income base and potential for increased returns. The property features 4 units in the main building, all in good condition, plus an additional separate house on the same lot, for a total of 5 potential income units. Layout: Unit 1: 4 bedrooms / 1 bathroom Unit 2: 3 bedrooms / 1 bathroom Unit 3: 3 bedrooms / 1 bathroom Unit 4: 2 bedrooms / 1 bathroom Unit 5: Separate house with 3 bedrooms / 1 bathroom One of the units already generates $1,100 per month, and the 4 main units offer an attractive foundation to begin generating income. The additional separate house requires improvements and finishing touches to make it ready for rental, offering the buyer the opportunity to add value and increase the property's monthly income. Estimated income potential once stabilized: approximately $5,000 to $5,250 per month, subject to final condition, necessary improvements, and current market rents. At this income level, the property represents an attractive opportunity for investors seeking cash flow, multiple units, and value growth on a single property. Ideal for investors looking for a value-add property with four functional units and a fifth independent unit with the potential to increase returns..


Listed by Keller Williams Grand Homes


Location

Use two fingers to move the map
Street View Satellite
Use two fingers to scroll demographics
Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
(click to close)

About

Marylyn C. Salva Biography

Broker/Owner (2008) and attorney at law-notary public (1994). 

I have over 25 years in the real estate practice, initially as an attorney, dealing with estates, contracts, commercial, residential, and foreclosure related affairs. Her law practice led me to become a Real Estate Broker, which become my passion since 2008.

My Broker career started just at the beginning of Puerto Rico economic recession. From a resale market to a foreclosure and underwater market. We adapted and strive! Today I handle as an exclusive broker, foreclosure properties, short sales and became a BPO/CMA expert.

In 2016, became part of the Re/Max family, under the franchisee name Re/Max Zone, established at the Capital City, San Juan. Indeed, everything I was looking for. A respectable company, centered in helping Sellers, Buyers and Agents reached their goals.

On 2017, Hurricane Maria hit the Island, but only showed how strong we were, striving amidst the chaos, we stood up to the challenge, lending a helping hand and becoming part of the movement “Puerto Rico se LEVANTA!” (Puerto RIco RISES).

We are stronger than ever and keep growing, proving our ability to evolve, adapt and survive. Serving all Puerto Rico, determined to fulfill our Mission to serve you!

Next
The blue circle drawn on the map represents the area which is most likely to contain listings comparable to Bo. Palos Blancos, House in Corozal. If you wish, you may adjust the circle by dragging the white center handle to move it, or dragging one of its other white handles to resize it. Press the 'Next' button at the top when finished.

Adjust the values below if necessary

Bedrooms
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+
Bathrooms
  • 1+
  • 2+
  • 3+
  • 4+
  • 5+

When finished, press the 'Next' button


Done

When finished filling out your details, press the 'Done' button. You will receive an email shortly, which will contain login details and additional information to access your listings

Thank you! You will receive an email shortly, which will contain login details and additional information to access your listings. Close Oops, there was a problem signing up:

Try Again
Cancel