18 Paseo Balandra, Vega Alta, PR 00692

This multi-family property in the Cerro Gordo neighborhood of Vega Alta offers 251 square meters of living space in a concrete block and concrete structure built in 1980. The residence boasts a spacious layout with 13 bedrooms and 6 full bathrooms, presenting a unique opportunity for investors or buyers looking to maximize rental potential or redevelopment value. Situated on a flat 166-square-meter lot, the house includes four outdoor parking spaces and a balcony with exterior access. Interior finishes consist of ceramic and terrazzo flooring throughout the property, while the exterior features a concrete roof and established water connections. Multi-Family Property in Cerro Gordo, Vega Alta - Excellent Investment Opportunity. Discover this attractive multi-family property located in the sought-after community of Cerro Gordo, Vega Alta, just 5 minutes from the Cerro Gordo Beach Resort, one of the most in-demand areas for residential and vacation rentals. The property boasts a spacious 1,793 square meter lot and approximately 4,654 square feet of construction, distributed across two levels with six independent units. Each apartment has its own entrance and separate electric meter, offering greater convenience for residents and more efficient management for the investor. General Features: 1,793 m² Lot; Approximately 4,654 sq ft of Construction; 6 Units with Independent Access; Individual Electric Meters; Two-Level Structure; Approximate Annual Property Taxes: $3,780; Excellent Rental Income Potential for Long or Short-Term Rentals. Unit Layout: First Level: Unit 1: 3 Bedrooms, 1 Bathroom; Approx. 960 sq ft (60' x 16'); Unit 2: 2 Bedrooms, 1 Bathroom; Approx. 800 sq ft (40' x 20'); Requires Structural Repairs; Unit 3: 2 Bedrooms, 1 Bathroom; Approx. 810 sq ft (30' x 27') Unit 4 1 bedroom 1 bathroom Approx. 385 sq ft Second Level Unit 5 2 bedrooms 2 bathrooms Approx. 770 sq ft (35' x 22') Unit 6 2 bedrooms 1 bathroom Approx. 714 sq ft (42' x 17') Ideal for Investors This property represents an excellent opportunity for those seeking to generate multiple income streams through residential rentals, short-term rentals, or a combination of both. Its strategic location near beaches, restaurants, and tourist attractions on the north coast makes it an investment with great potential for appreciation. Don't miss the opportunity to acquire a multi-family property with an excellent location and great profitability potential in Vega Alta!..