Caribbean MLSReal Estate

Investment property with views in Canovanas PR

Available on request

The brief

The reason to consider it.

This multifamily property, located in Alturas de Campo Rico, Canóvanas, offers an excellent investment opportunity.

The property consists of two independent units situated on a flat 443 m² lot with beautiful panoramic mountain views.

The first level features three bedrooms, one bathroom, living room, dining area, and kitchen. The second level consists of two bedrooms, one bathroom, living room, dining area, and kitchen.

The property requires improvements and renovations, providing an opportunity for investors to maximize its potential as a multifamily property or income-producing investment.

Last confirmed

Year built
1900
Type
Apartment
Land
4,768 ft²
Interior
Available on request
Media on file
Available on request

What this listing includes

  • Mountain view
  • Parking
  • Kitchen

What people say about Puerto Rico

Accounts from Puerto Rico agree on one point above all: the electric grid.

  • Concern Unreliable grid and outages; backup power treated as a normal ownership cost
  • Concern Hurricane and flood exposure; insurance limits, exclusions and timing need checking before buying
  • Positive Foreign buyers can hold title; purchase runs through option contract, title study and attorney-notary
  • Mixed Act 60 incentives still attract buyers but are narrowing and conditional for new applicants

Read what people say, based on 11 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law