394 Casa Mariposa
Vieques, PR, 00765 $ 875,000
Bedrooms7 Baths6.0 Sq 3,250 Monthly Estimate*
$ 5,816
for $875,000 with 7 bedrooms and 6 full baths. This 3,250 square foot home was built in 2006 on a lot size of 0.27.
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.
See more
FeaturesGeneralInterior 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%
Disclosures None
View Y/N No
Senior Community Y/N No
MLS Area 00765 - Vieques
Lot Size Units Square Feet
Lot Size Square Feet 11861
Waterfront Y/N No
Carport Y/N No
Street Name Casa Mariposa
Land Lease Y/N No
Tax Annual Amount 0
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9104790
Days on Market 28
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Occupancy Type Tenant
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
Flood Zone Code n/a
See more
InteriorFlooring Ceramic Tile
Furnished Y/N Furnished
Air Conditioning Y/N Yes
Heating Y/N No
Fireplace Y/N No
Full Baths 6
Half Baths 0
Laundry Features Laundry Closet
Total Bedrooms 7
Total Baths 6
See more
ExteriorWater 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
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,816
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Vieques, PR
Average List Price $958,883
Percent of Sale Price 10%
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/22/2024 | $875,000 | | Listed Price |