Investment Opportunity

Downtown Blue

Dewey, Culebra, PR

$685,000

Beds

7

Baths

5

Approx. sq ft

1,645

Lot size

128 m²

Description

This property, Downtown Blue, is a multi unit house centrally located in the town of Dewey on the Island of Culebra, Puerto Rico, one of the Spanish Virgin Islands. The house is just a block from the Culebra ferry dock and close to all amenities and services offered on Culebra Island.

The first floor of the property has a 3 bedroom 1 bathroom apartment at the front of the building and a Studio apartment at the back of the building. The second floor of the building is composed of 3 separate Studio suites with private bathrooms in each suite. These three Studios share a common kitchen and balcony area. The second floor can be utilized as three separate units or one 3 bedroom 3 bathroom unit.

The property has been utilized as both a short term and long term rental property with excellent results for both uses. The property could also be utilized to live in one unit and rent the others. In addition, the house is in an excellent location to enjoy all the year round activities that occur in the town of Dewey.

The Island of Culebra itself is a small, idyllic island located about 17 miles east of the Puerto Rican mainland and 12 miles west of St. Thomas of the United States Virgin Islands. Known for its unspoiled natural beauty, Culebra is a haven for nature lovers, beach enthusiasts, and adventure seekers. Its tranquil atmosphere, crystal-clear waters, and pristine beaches makes Culebra one of the most sought-after destinations in the Caribbean. Whether you’re looking to relax on world-class beaches, explore underwater wonders, or immerse yourself in nature, Culebra provides an unforgettable Caribbean experience.

For beaches and watersports Downtown Blue is within 6 miles of all the beaches in Culebra including, but not limited to, the following beaches.

Melones Beach – 1/2 mile

Datillas Beach – 3/4 miles

Resaca Beach – 2 1/2 miles (3/4 mile on foot)

Flamenco Beach – 2 1/2 miles

Tamarindo Beach – 2 1/2 miles

Soldier’s Point – 3 miles

Carlos Rosario – 3 1/4 miles (3/4 mile on foot)

Brava Beach – 4 1/2 miles (3/4 mile on foot)

Zoni Beach – 5 3/4 miles

With it’s location being in the middle of the town of Dewey not only does Downtown Blue have easy access to the year round activities in the town of Dewey there is also very easy access within walking distance to all of the services and amenities Culebra has to offer including, but not limited to, government services, public services, public transportation, post office, schools, police station, fire station, hospital, banking, churches, gift shops, dive shop, watersports, restaurants, nightlife, and more.

For traveling Downtown Blue is 2 blocks from the Culebra ferry dock and 3/4 mile from the Culebra airport.

All in all Downtown Blue is a beautiful property with an excellent investment potential and easy access to all the town of Dewey and Island of Culebra has to offer.

Features

• Air Conditioning (mini-split)
• Air Conditioning (Window Units)
• Appliances Included
• Ceiling Fans
• Dryer
• Fully Furnished
• Laundry Room
• Paved Road
• Puerto Rico Power Authority
• Puerto Rico Water Authority
• Puerto Rico Water Authority Sewer System
• Washer

Property Information

Construction

1645 ft²

Land area

128 m²

Bedrooms

7

Bathrooms

5

Property type

Multi-unit

CRIM (property taxes)

Approx $1000 / year

Construction materials

Concrete

Full units

3

Laundry room

110 ft² (4 washers, 2 dryers)

Approximate location