Caribbean real estate

Selling Rental Income Property:

Reinforced concrete block Duplex House with 2 floors, 2 apartments, in the city of Mayaguez, island of Puerto Rico in the Caribbean, West Coast of island.

Each apartment has 2 bedrooms with large closets, 1 full bath, living/reception room, kitchen/dining room, all electric service, refrigerator, range and water heater. Window screens. Upstairs unit has additional Laundry room with washer & dryer hookups, and Balcony at near street level. Downstairs unit has 2 window air conditioners. Each unit has private parking for 3 cars. Two inside gated drive. 1 outside gate on same drive.

Additional, unfinished parking space for 3 more cars, presently a green area. A third apartment can be built on the roof, which has an awesome view of the West Coast ocean and land. House is located at helicopter altitude in the hills of Miradero, in a residential setting.

Neighborhood: safe neighborhood consisting of retired homeowners and renters.

Rental income details: Upstairs unit rented as of August 1, 2008 for 12 months with notarized, enforceable, lease contract at $600.00 per month. Tenants pay for Electric Service and Cable TV service. Owner pays for Water service and lawn/lot maintenance. Contracts will be part of the Sale.

Buyer will be required to honor contract(s) until expiration, at which time it is the buyer's option to renew or not.

Annual Expense Details: Annual Property Taxes: $1,000.00 (one-thousand-USD).

Annual Hazard Insurance: $244.00 (two-hundred-forty-four-USD).

Annual Water expense: approx. $240.00 (two-hundred-forty-USD).

Annual trash pickup cost: -none- (Municipal service).

Monthly Lot maintenance: $60.00 (sixty-USD).

Monthly Homeowners Association Fees: -none-

*Property Taxes and Hazard Insurance policy usually included in mortgage payment escrow unless you wish to pay them in advance. Price: $180,000.00 USD (one-hundred-eighty-thousand-USD). Or near offer.

Contact: Property Owner, Serious enquiries please.

Please note: Owner will do not reply to any enquiry using a Yahoo UK e-mail address. No obvious scams are replied to. Owner can help legitimate Buyer by putting in contact with local bank. Financing property in Puerto Rico is the same as in the mainland USA, same Housing and Banking/Mortgage Laws. Puerto Rico is a US Commonwealth. Puerto Ricans are American Citizens since 1912. When you are in Puerto Rico, you are in the USA.

The standard of living and education in Puerto Rico is the same as in the USA.

Features

Extra Features