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394 Casa Mariposa Vieques, 00765

7 Beds
6 Baths
3,250 Sqft
11,861 Sqft lot
0.27 Acre lot
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$875,000 Est. $3,222 / mo.*
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Status: Active
Property Type: Villa
Year Built: 2006
Neighborhood: Villa Borinquen
Days on Website: 279

Courtesy of BRAVOS BOYZ

Description

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.

Open House

Property Details and Features

  • Living Area Meters: 301.93
  • Room Count: 3
  • Building Area Total: 3250
  • Building Area Units: Square Feet
  • Construction Materials: "Block", "Concrete"
  • Direction Faces: North
  • Levels: "Two"
  • Living Area: 3250
  • Year Built: 2006
  • Water View: Gulf/Ocean - Partial
  • Available For Lease
  • Existing Lease Tenant
  • Minimum Lease: No Minimum
  • Calculated List Price By Calculated Sq Ft: $269
  • Lot Size Square Meters: 1102
  • Total Acreage: 1/4 to less than 1/2
  • 0.27 acres
  • 11861 square feet
  • Road Surface: "Asphalt"
  • Appliances: "Dishwasher", "Dryer", "Freezer", "Range", "Refrigerator", "Washer"
  • 6 full bathrooms
  • Bedrooms Total: 7
  • Community Features: "None"
  • Cooling: "Mini-Split Unit(s)"
  • Disclosures: "None"
  • Exterior Features: "Balcony", "Courtyard", "Garden", "Lighting", "Outdoor Grill"
  • Flooring: "Ceramic Tile"
  • Foundation Details: "Block", "Concrete Perimeter", "Slab"
  • Heating: "None"
  • Furnished: Furnished
  • Interior Features: "Eat-in Kitchen", "High Ceilings", "Living Room/Dining Room Combo", "Open Floorplan"
  • Laundry Features: "Laundry Closet"
  • County or Parish: Vieques
  • Subdivision: VILLA BORINQUEN
  • Pool Features: "Gunite", "In Ground"
  • Zoning: R1
  • Roof: "Concrete"
  • Sewer: "Septic Tank"
  • Utilities: "Electricity Connected", "Propane", "Water Connected"
  • Water Source: "Public"
$875,000 - 7Br/6Ba - for Sale in Villa Borinquen, Vieques
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Location

$875,000 - 394 Casa Mariposa, Vieques 00765
394 Casa Mariposa Vieques, 00765
County or Parish: Vieques

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This content last updated on November 27, 2024 11:20AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.