149 Hm. Hm 64.1, JUANA DIAZ, PR

$990,000

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12,322

Square feet

0.74

Acres

About 149 Hm. Hm 64.1

Existing improvements comprise three (3) main structures plus complementary improvements. The facility includes four (4) commercial spaces, nine (9) apartment units and six (6) cottages, totaling a gross building area (GBA) of 12,322 square feet. Structure #1 consists of a three-story mixed-use building that totals 8,611 square feet and is constructed of reinforced concrete and concrete block walls. It consists of a commercial space (Locale #1) on the first floor, a commercial space (Locale #2) and a 1Br-1Ba apartment (Apt. #1) on the second floor and five (5) 1Br-1Ba apartments (Apts. #2 to #6) and a 2Br-1Ba apartment (Apt. #7) on the third floor. The physical condition of commercial spaces can be rated as average. However, the apartments require some repairs/corrections (deferred maintenance) due to the lack of adequate maintenance. The cost of repairs/renovations was estimated at $10,000. Structure #2 consists of a two-story mixed-use building totaling 2,892 square feet and is constructed of reinforced concrete and concrete block walls. It consists of two (2) commercial spaces (Locales #3 and #4) on the first floor and a 2Br-2Ba apartment (Apt. #8) and six (6) cottages on the second floor. The cottages refer to motel-type cabins for daily rental. Locale #3 is rented for a barber shop and is in average physical condition. However, the locale #4 (storage space), the 2Br-2Ba apartment and all cottages require several repairs/corrections (deferred maintenance) due to the lack of adequate maintenance. The cost of repairs/renovations was estimated at $15,000. Structure #3 consists of a one-story single-family house (Apt. #9) of 819 square feet. It is constructed of reinforced concrete, concrete block walls and wood/metal roof. The interior layout includes living, dining, kitchen, four bedrooms and a full bathroom. The physical condition can be rated as average. The subject facility has five (5) electricity meters, and the water service is free of charge through sunken water well. Complementary improvements of structure #1 include wood roof terrace/dinner with a restroom, two balconies, two staircases and iron works. Structure #2 includes double carport, balconies, staircase and iron works and structure #3 a large balcony. Total gross construction area (GCA) is 15,116 square feet. In summary, the property (improvements) requires a considerable investment (repairs/renovations) estimated that it will cost $25,000. The cost amount for repairs/renovations is a good faith estimate. The appraiser is not an expert in this field.

Features of 149 Hm. Hm 64.1

MLS® # PR9103899
Price $990,000
Bathrooms 0.00
Square Footage 12,322
Acres 0.74
Year Built 1970
Type Commercial Sale
Sub-Type Multi-Family
Status Active

Community Information

Address 149 Hm. Hm 64.1
Area Juana Diaz
City JUANA DIAZ
County Juana Díaz
State PR
Zip Code 00795

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Other
Fireplace No

Exterior

Foundation Block, Slab

Additional Information

Date Listed January 4th, 2024
Days on Market 108
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBLASINI REALTY GROUP

Listing Map

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