Views
Address
394 Casa Mariposa, VIEQUES, PR
Price
$ 875,000
Property Attributes
- MLS#PR9104790
- TypePending
- CountyVIEQUES
- CityVIEQUES
- AreaVieques
- NeighborhoodVilla Borinquen
- Zip00765
- StyleVilla
- Price$ 875,000
- Bedrooms7
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage3250
- Lot Size11,761 SqFt
Data Source:
Stellar MLS
Property Description
Under contract-accepting backup offers. 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.
| Price History | |
|---|---|
| 2/22/2024 | Listed $875,000 |
General Features
| Interior Features | Eating Space In Kitchen,High Ceilings,Living Room/Dining Room Combo,Open Floorplan |
|---|---|
| Sewer | Septic Tank |
| Heating | None |
| Cooling | Mini-Split Unit(s) |
| Utilities | Electricity Connected,Propane,Water Connected |
| Roof | Concrete |
| Appliances | Dishwasher,Dryer,Freezer,Range,Refrigerator,Washer |
| Exterior Features | Balcony,Courtyard,Garden,Lighting,Outdoor Grill |
| Zoning | R1 |
| Pool Features | Gunite,In Ground |
| Construction Materials | Block,Concrete |
| Year Built | 2006 |
| Levels | Two |
| Property SubType | Villa |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Community Features | None |
| County | Vieques |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | VILLA BORINQUEN |
| Facing Direction | North |
| Garage Y/N | No |
| Total Rooms | 3 |
| Status | Pending |
| Directions | Take 200 past the High School then take your next left near the emergency dispatch center. Follow the road to the next intersection and turn left. Take the next right turn to the top of the hill and |
| City | VIEQUES |
| Buyer Agent Compensation | 3% |
| Senior Community Y/N | No |
| MLS Area | 00765 - Vieques |
| Lot Size Square Feet | 11861 |
| Private Pool | Yes |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Casa Mariposa |
| Listing Terms | Cash,Conventional |
| Public Remarks | Under contract-accepting backup offers. 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 expans |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/PR9104790 |
| Days on Market | 28 |
| Standard Status | Pending |
| Tax Lot | 394 |
| Legal Description | Located in barrio Villa Borinquen |
| Water View | Gulf/Ocean - Partial |
| Minimum Lease | No Minimum |
| Water Access Y/N | No |
| ILS Under Air SQFT | 1500 |
| Water View Y/N | Yes |
Interior Features
| Flooring | Ceramic Tile |
|---|---|
| Furnished Y/N | Furnished |
| Air Conditioning Y/N | Yes |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Full Baths | 6 |
| Laundry Features | Laundry Closet |
| Total Bedrooms | 7 |
| LivingAreaSource | Owner |
| Total Baths | 6 |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 11861 |
| Foundation Details | Block,Concrete Perimeter,Slab |
| Building Area Total | 3250 |
| Lot Size Acres | 0.27 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 00765
Price
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 10, 2024 10:11 PM UTC
