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Bank Owned / REOOcean View'HomesCondosCommercial
REO - ReposeidasPropiedades Frente al MarCasasCondominiosBuscador Principal

Urb. Villa Mar Extensión Villamar (Carolina, Puerto Rico, US - 00979)

$350,000

Extra Realty, Inc.

Warren Rodriguez Warren Rodriguez (787) 200-9852 (Office) Request More Info

  • Great income
  • Type: Other
  • Style: Commercial "GuestHouse"
  • Bedrooms: 6
  • Bathrooms: 6
  • Lot Type: Rectangular
  • Lot Size: 506 sq. m.
  • Taxes: $2,199.96 (2016)

Description

Great income! in Isla Verde. Multi-Unit (6), flat roof, concrete structure For Sale in a gated community of Isla Verde, walking distance to one of Metro area's best beach, Isla Verde Beach. Approx. Annual NOI $26,000.

Attachments

Highlights

  • Four (4) electric meters, three (3) water meters. (stoves, refrigerators and a/cs)
  • INCOME: Unit 1 = $550 Unit 2 = $685 Unit 3 = $535 Unit 4 = $550 Unit 5 = $500 Unit 6 = $785 TOTAL = $3,605.00/mo or $43,260/yr
  • INCOME (OTHER): Washer/Dryer = $200/mo. or $2,400/yr
  • EXPENSES: AEE: $185.00/mo. or $2,220 /yr. (4 Electric meters) AAA: $300.00/mo. or $3,600 /Yr. (3 Water meters) CRIM: $183.33/mo. or $2,200/yr (Prop. taxes) TOTAL: $668.33/mo. or $8,020/yr.
  • The capitalization rate, often just called the cap rate, is the ratio of Net Operating Income (NOI) to property asset value. So, NOI = $35,240
  • So, for example, in the case of this for $400,000 property, which generates a NOI of $35,240, then the cap rate would be $35,240/$400,000 = 0.088 or 8.8% Cap Rate.

Features

Interior Features

  • Ceiling Fan

Appliances

  • Refrigerator

Cooling

  • Window / Wall Unit

Sewer/Water Systems

  • Public

Lot Features

  • Fenced
  • Gated Community

Extra Features

  • Controlled Access
  • Security Guard on Duty
  • Unfurnished
P2#238645428
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Information is deemed to be correct but not guaranteed.