Investment Opportunity

Casa Pana Culebra

Barrio Clark, Culebra, PR

$675,000

Beds

6

Baths

5

Approx. sq ft

2,000

Lot size

661 m² (a little over 1/8 acre)

Description

A four-unit property for sale on the beautiful island of Culebra, Puerto Rico, one of the Spanish Virgin Islands. The property is approximately one-eighth of an acre with two buildings in a central location just six blocks from Dewey, the town center of Culebra, and has operated as a short-term rental property since 2003.

The Island: Culebra is known for its clean environment, natural beauty, stunning surroundings, crystal-clear waters, and pristine beaches. Casa Pana is within six miles of all the beaches in Culebra, including: Datillas Beach – 1¼ miles; Flamenco Beach – 2 miles (perennially ranked one of the top 10 beaches in the world); Tamarindo Beach – 2 miles; Brava Beach – 3¼ miles; Soldier's Point Beach – 3½ miles; Zoni Beach – 5¼ miles.

Main Building: The main building has three apartments: a three-bedroom, two-bathroom apartment on the second floor known as "Grande," and two studio apartments on the first floor known as "Pelicano" and "Carey."

Pelicano is in the center of the main building on the first floor. The front door enters the kitchen/living area with the bathroom to the right. The bedroom is off the kitchen/living area. A back door from the bedroom leads to the Casa Pana back porch.

Carey is on the right side of the main building as viewed from the street. The entrance door opens to the kitchen/living area with the bathroom to the left and the bedroom to the right. A back door at the end of the kitchen/living area leads to the Casa Pana back patio.

Grande occupies the second floor. The entrance patio and door are on the left side of the building as viewed from the street. The entrance door opens to the living/dining room with the kitchen just beyond. A hallway to the left off the living/dining room leads to the three bedrooms: the primary bedroom with en suite bathroom is to the left, bedroom two is to the right, and bedroom three is straight ahead. The second bathroom is shared by bedrooms two and three. A small bridge from the entrance patio leads to the rooftop terrace of the Casita.

Second Building: The second building, known as the Casita, contains the fourth unit on the property. The Casita is a one-bedroom apartment. The entrance at the front opens to the kitchen/living/dining area. A door leads into the bedroom, with the bathroom at the back of the bedroom. A back door from the bedroom leads to the Casita back porch. The rooftop patio is accessed via a small bridge from the entrance patio of Grande.

Square Footage Details: Total indoor square footage approximately 2000 square feet; Casita rooftop terrace 325 square feet; back patio 150 square feet; side patio 150 square feet.

Location & Amenities: Casa Pana's location just six blocks from Dewey, the only town on Culebra, provides easy access to all amenities and services, including government and public services, police and fire stations, public transportation, post office, school, hospital, doctor's office, bank, churches, vehicle and tire repair, grocery stores, gift shops, dive shops, activities, dock access, water taxi tours, jet ski tours, restaurants, nightlife, and more.

Access: Casa Pana is three blocks from the Culebra airport and three-quarters of a mile from the Culebra ferry dock and terminal.

A great multi-unit property with a long rental history in a central location — an excellent investment opportunity or a fabulous property to live in one unit and rent the other three.

Features

• Dryer
• Laundry Room
• Puerto Rico Power Authority
• Puerto Rico Water Authority
• Puerto Rico Water Authority Sewer System
• Washer

Property Information

Construction

2000 ft²

Land area

661 m² (a little over 1/8 acre)

Bedrooms

6

Bathrooms

5

Property type

Multi-unit

Property status

For Sale

HOA

No HOA

Construction materials

Concrete

Units

4

Approximate location