Property Description

INVESTMENT OPPORTUNITY - CACAO ALTO, PATILLAS. Set on PR-184 at Km 0.7 in the Conejo Blanco sector of the Cacao Alto ward, this 3.2283-cuerda parcel (12,688.50 square meters) is improved with a two-story reinforced concrete home. The second level offers 891 sq ft of living area with four bedrooms, two bathrooms, living room, dining room and kitchen, plus a 172.98 sq ft balcony and a 150.66 sq ft front porch. The ground level includes a 308 sq ft accessory apartment and a 583 sq ft carport for two vehicles, with a concrete driveway that holds four more. Construction is concrete block with a reinforced concrete roof, Miami-style metal windows with iron grills and ceramic floors throughout. Utilities include PREPA electricity, PRASA water and sanitary sewer, and bottled gas; the road is paved with curb, concrete sidewalks and street lighting. Zoned R-G (Rural General), common rustic land, flood zone X outside the special flood hazard area, FEMA panel 72000C1770H. Parcel 398-035-068-47-000. SOLD AS-IS: the property needs full rehabilitation and does not qualify for traditional mortgage financing. The roof is in an advanced state of deterioration and should be evaluated by a structural engineer, and the electrical and plumbing systems must be inspected by licensed experts. Termite activity and dense vegetation are present. Cash or rehabilitation loan only. The size of the parcel leaves room to expand, subdivide or develop, subject to agency approval. Offered at $169,000. Property is vacant and shown by appointment with the listing broker. Title is in the process of being recorded in the heir's name; documentation is available upon request.