7 CALLE MANANTIALESGUAYANILLA, PR Beds | 0 Baths $ 389,000
Excellent Investment opportunity for Short Term Rental or Assisted Living Space! This property located in the Touristic Zone of Guayanilla and just step from the beach in Comunidad Playa consist of a fixer upper residential unit of 4 bedrooms and 2 bathrooms. However, the big upside is the ongoing new construction of a 5 studio apartment building with separate entrance perfectly suitable for a Short Term Rental Project. These apartment face the Food Truck Park and public parking space leading to "El Malecon de Guayanilla" where you will find over 20 Bars and Restaurants and can walk to the Ocean Front. The New Constructions has Engineering plans and permits. The new owner could consider an Act 60 Tourism play for a Boutique Hotel (may be combined with an Opportunity Zone Fund Investment), using the main residence as two additional apartments and a reception area. There's enough space between the structures to build a common area with pool as well. The possibilities are endless.
Listing Provided By:
COMPASS PROPERTY GROUP