BARRIO FORTUNA

LUQUILLO, PR 0 Beds | 0 Baths $ 597,000
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Description
BACK TO MARKET!! “Rainforest and Ocean View Oasis" Presenting a gated property with 2 existing units and the potential for 4, including a fully renovated 3180 sq ft main house with 2 units and a 1350 sq ft guest house in need of restoration, with 2 units. The place is absolutely move-in-ready (Turnkey). The property houses a successful Airbnb business called Lucky Luquillo LLC, fully compliant with local regulations. The income unit is fully mounted and stocked with 5-star amenities. Aside from short term rentals, sweeping 360° views make the property a perfect venue for small events like wedding showers, photo shoots, film and social media production, and pop-up meetings and performance events. The property, perched on a hilltop overlooking Luquillo Beach and Balneario Montserrate, offers a 1/3 acre outdoor space with ocean views out front, and sweeping views of the rolling hills El Yunque rainforest outback along with a lawn, fire pit, deck, and a 1000 sq ft uncovered patio. This gem features a rooftop with expansion potential for a third level or a panoramic 360° terrace. The property is 100% solar powered with a 21 panel leased solar system featuring a Tesla battery. The main house, boasting five bedrooms, three baths and equipped with eight (8) split air conditioners. All 50 windows and doors are new, complemented by high-quality storm shutters. A 600-gallon cistern on the roof, a three-quarter horsepower water pump, and a 50-gallon pressure tank ensure water reliability. Infiniti pool installation is made easy in our keyed area off the patio that is already finished and set up for that with both electrical and plumbing. Security is a priority with an ADT system, solar flood lights, and a 9-unit camera system covering the entire perimeter, with two secure garages and on-lot parking for 9 cars. All the improvements to the main house have already been made. The 3-story guesthouse needs rehab, but it’s a fabulous investment that will yield immediate returns with its two separate units that both have Ocean and rainforest views, and 360° views if you build a third unit one story up. This is property is conveniently located just 4 blocks away from the Blue Flag Beach El Balneario Montserrat, the Kioskos de Luquillo, the Fairfield hotel and casino by Marriott, and the Wyndham Grand Rio Mar Resort. Based on local comps, Pricelabs Dynamic Pricing platform currently estimates the annual rental revenue at $170,000 for this property. Explore the potential of this haven with fabulous views and endless possibilities! Seller financing available.

More Info on BARRIO FORTUNA

Property ID: 37453
MLS Number: PR9104130
Status: Active
Type: Duplex
Price: $ 597,000
Bedrooms: 0
Bathrooms: 0
City: LUQUILLO
Community: BARRIO FORTUNA
HOA:
Floor Area: 3000
Year Built: 1990

Listing Provided By:
RE/MAX METRO
Stellar MLS

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