Carrasquillo Ramos
HC 3 Box 18522 Rio Grande, PR 00745
Puerto Rico
Details
| Area | Mayaguez |
| Sub Area | Balboa (Barrio) |
| Country | Puerto Rico |
| Price | $350,000 |
| Property Type | House |
| Bedrooms | 7 |
| Bathrooms | 6 |
| Floor Space | 3000 Square Feet |
| Lot Size | 261.63 m² |
| Year Built | 1950 |
| Parking | 1 Space, Garage |
| MLS® # | 59572 |
Unique commercial and residential investment opportunity in Mayagüez! This versatile corner property with enormous growth and income potential is for sale. Located at 73 Balboa Street, Mayagüez, this mixed-construction (concrete and wood) property offers multiple income streams from day one. The first floor, entirely concrete, houses a well-established bar-style restaurant, complete with all equipment and inventory: bottle rack, refrigerators, freezer, stove, fryers, sinks, air conditioners, tables, chairs, and more. This space is currently rented for $2,250 per month. Also on this level is a one-bedroom, one-bathroom apartment with a living room and kitchen located behind the business. The second floor, constructed of wood, features three apartments: one with two bedrooms and one bathroom, a living room, dining room, kitchen, and balcony; another with one bedroom and one bathroom, a living room, and kitchen (currently rented for $275); and a 3-bedroom, 1-bathroom unit with a living room, dining room, kitchen, large balcony, back patio, and laundry area (currently rented for $550). The property also features 5 electric meters, 2 water meters, a carport, and storage space. It is located just 1 mile from UPRM University (approximately a 6-minute drive), close to shops, services, and high-traffic areas. Current rental income is $3,075 per month, with one-year leases in place. Asking price: $350,000. Coordinates: 18.204361, -67.132096. Don't miss this opportunity!..
Listed by Pedro Omar Realty
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