PR 681 KM 5.7 N ISLOTE WARD #2 Arecibo, PR 00612

LOCATION, LOCATION, LOCATION in the best coastal area of Arecibo, Puerto Rico. The opportunity you were waiting for has arrived, a multi-family property with a view and steps from the beach, for investment and with a lot of potential. A paradise next to the ocean!

This property consists of 1,661 sq ft distributed in 2 units as follows: first unit has 3 bedrooms, 1 bathroom, living room, dining room, kitchen and double carport and front balcony; Second unit has 4 bedrooms, 1 bathroom, living room, dining room, kitchen, front balcony, and ocean view.

This property can become whatever your imagination allows. It has 403 sq m of land, which provides development space for capital and income growth and has a garage with space for 2 cars or more.

It is a smart option for the smart investor, and even more importantly, it has separate electricity meters, and its location is strategically perfect. Also, it has a large front and side patio to enjoy a beautiful garden and day out. Important, not in flood zone.

IMPORTANT: Does not qualify for financing | Only cash sale | Needs repairs

Adjacent to: Nautic Club of Arecibo, Arecibo Lighthouse & Historical Park, Arecibo Motorsports, Hotels, Beauty Salon, Pharmacies, Supermarkets, Local Businesses, Laboratory, Natural Resources Vigilante Corps, Gas Stations, Salitre Mesón Costero Restaurant, Schools, Natural Cave, among others.

Surrounding Beaches: Punta Caracoles, La Poza del Obispo, Caza y Pesca, Islote, Tres Hermanos, Roca Cocinera, Caza del Juez, Caracoles, Las Criollas, among others.

Projected long-term rent: $1,100 (upstairs unit) and $1,000 (downstairs unit)
Projected short-term rental: $180 - $220 per night.

Projects that can be carried out: swimming pool, mobile home, dome, mini golf, gazebos, small cabins, among others.