Courtesy: CASTILLO LAMADRID REAL ESTATE
787-398-6853
Versatile multifamily property that offers 4 units: The main residence is on the ground floor with 3 bedrooms, 2 bathrooms including an en-suite in the master bedroom, kitchen, living room, dining room, laundry room and carport. The second unit is a wooden structure with metal roof on the second floor with 3 bedrooms, 1 bathroom, kitchen, living room, dining room, a bonus space and a spacious balcony. Finally, 2 studio apartments. Three of the units are currently generating income. This property is located at 6 minutes in car and 20-minute walk to the Mayagüez Campus of the University of Puerto Rico which is why created a great investment opportunity area. There are many lodging properties in this neighborhood and amenities such as supermarkets, gas stations, pharmacy and restaurants. Plus, it is just 10 minutes to downtown Mayagüez. Additionally, it is on a cul-de-sac and there are separate utility meters for the units. This property can be used for investment but also to live with extra income. Photos of rental units available upon request. Coordinates: 18°12'41.0"N 67°09'03.5"W
Courtesy: PUERTO RICO REAL ESTATE, PSC
208-573-6364
Income-producing 5-unit multi-family property in Mayagüez, located near the University of Puerto Rico at Mayagüez (UPRM). This property has generated approximately $3,000 a month in rental income for over 8 years, primarily from student tenants, offering consistent and reliable returns. The property includes three units with 2 bedrooms and 1 bathroom each, one studio with a bathroom, and one unit with 1 bedroom and 1 bathroom. Four out of five units have air conditioning. The property operates with a single water and electric meter, with utilities included in the rent. Situated with in walking distance to UPRM, this property benefits from strong student demand. It is also close to shopping centers, restaurants, parks, and beaches, making it a highly desirable rental location. With its proven rental history and prime location, this multi-family property presents an excellent opportunity for investors seeking immediate income and long-term appreciation.
Mayaguez is located in Puerto Rico.
