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Exceptional Investment Opportunity: Prime Multifamily Property in Rincon Presenting a unique and lucrative investment opportunity, this multifamily estate in the charming town of Rincon is now available for sale. Comprising a total of 5 apartments, the property boasts four expansive 3-bedroom units, each featuring a well-appointed bathroom, a generously sized living room, and a modern kitchen. Adding to the allure, every three-bedroom apartment includes a private balcony, providing a delightful outdoor space. In addition to the four 3-bedroom units, the estate offers a spacious 1-bedroom apartment with high ceilings, perfectly complementing the diverse housing options within the building. Residents will enjoy shared access to a pergola space, a well-maintained yard, and ample dedicated parking. The rooftop, a blank canvas, offers potential for development or transformation into a stunning rooftop balcony, enhancing the overall appeal of the property. Security and privacy are paramount, with the entire premises fenced and gated, ensuring a secure environment for residents. Constructed in 2013 with meticulous attention to detail, the property spans 1,400.0324 square meters (approx.). Its strategic location in the beautiful town of Rincon ensures proximity to the finest beaches, top-notch restaurants, and the vibrant downtown area. A key feature of this investment is the inclusion of furnished units, providing added value and convenience. One of the 3-bedroom apartments comes fully furnished with 2 full beds, two twin beds, a couch, TV, dining table, and a washer and dryer. The 1-bedroom unit is also tastefully furnished, enhancing the overall appeal for potential tenants. Currently, four of the apartments are generating a robust $4,800 in monthly revenue. The remaining 3-bedroom apartment, currently occupied by the seller, presents an opportunity to increase revenue further. Upon relocation, rental rates for the 3-bedroom unit are expected to range between $1,100 to $1,200, contributing to an impressive total monthly revenue of $6,000. Notably, the property features a mix of long-term tenants and an Airbnb arrangement for the 1-bedroom unit, diversifying the revenue streams. This well-balanced investment portfolio, combined with the town's popularity and the property's proximity to amenities, positions this 5-plex as a compelling and secure investment opportunity. Seize this chance to own a piece of Rincon's thriving real estate market. Contact us today to explore this outstanding multifamily property and secure your position in this lucrative investment.. |
