Property Description

Renovation opportunity in the established Imbery community of Barrio Florida, Barceloneta. Situated on a quiet residential street, this property offers approximately 1,074 square meters of land and is being offered in its current condition, providing an opportunity for a buyer with the vision to restore and personalize the home. In addition to the main residence, the property includes a detached auxiliary structure with a small raised platform and a simple half bath, as well as two electrical meters. These existing features may offer added flexibility depending on the buyer's intended use and applicable requirements. A distinctive characteristic of the property is its natural terrain. A substantial portion of the lot extends into a sloped limestone hill, locally known as a 'mogote. Rather than a conventional level backyard, the site offers elevated natural terrain that may lend itself to creative landscaping or terraced outdoor concepts, subject to proper evaluation, permits and site conditions. The residence requires significant repairs and updating and is best suited for a buyer prepared to undertake a renovation. Renovation financing, including programs such as FHA 203(k), may be worth exploring with a qualified lender, subject to borrower and property eligibility. Offered at $90,000, this is an opportunity to acquire a property with a sizable lot in an established Barceloneta community and transform it according to the buyer's needs and vision. - This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. - An offer management fee of $200 (plus sales tax, where applicable) is charged by Pyramid Platform in connection with the use of Propoffers.com. This fee will be paid at closing from the agent representing the buyer as selling agent or transaction broker. - Subject to seller addendum - For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater. - All offers are subject to OFAC clearance. - A viewing release must be signed and returned to our office before showing this property..

Property Features