Pury Delucca, Smart Choice
     
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Lago Dos Bocas (Utuado, Puerto Rico, US - 00641)
$2,900,000 Income Property- Cash Cow


Attachments


"Under Appraisal Value"
 

Elite Realty Group


Pury Delucca, REALTOR®, CB 12882
 
Pury Delucca, REALTOR®, CB 12882
Email Pury
 
Phone: (787) 349-7770
Other: www.eliterealtypr.com
Cell: (787)969-5559
Fax: (787)946-8314
 
Details

Address: Road num. 140 KM 22.2, Las Palmas Ward, Utuado, PR Type: Recreational Style: Commercial Size: 28,000 sq. ft. Lot Type: Irregular Lot Size:  9 acres 
 
Description

HOTEL & RESTAURANT
INCOME PRPOERTY
CASH COW
FOREST AREA
NO COMPETITION BUSINESS
GOOD ACCESS
QUIET AREA
LAKE DOS BOCAS VIEW
EXCELLENT CONDITION
FULLY EQUIPMENT
PROFESSIONAL DECORATION
 
Highlights

THE PROPERTY PRESENT IS UNDER A COMMERCIAL USE, "MOTEL EL LAGO", SITE CONSIST OF FOUR (4) CONTIGUOUS TRACTS (4.0763, 2.3682, 0.7010, AND 1.9060 CUERDAS) FOR A TOTAL OF 9.0515 CUERDAS, (9.2938 ACRES)
THE SITE HAS AN IRREGULAR CONFIGURATION, PHYSICALLY FUNCTIONING AS ONE ECONOMIC UNIT, TOPOGRAPHY IS PREDOMINANTLY SEMI MOUNTAINOUS WITH A SMALL LEVEL TO SEMI LEVEL PORTION.
AND THE IMPROVEMENTS OF THE CURRENT OPERATION WERE BUILT. SITE HAS RURAL FACILITIES AND UTILITIES, ADEQUEATE DRAINAGE. PRESENTLY THE SUBJECT FALLS OUT OF THE DEFINIED ZONED AREA OF THE MUNICIPALITY. BUT AS PERITS PRESENT USE APPROVED BY PERTINENT AGENCIES IT IS A COMMERCIAL USE.
THE PROPERTY HAS EXCELLENT ACCESS.
THE EXISTING IMPROVEMENTS ARE VARIED RELATED TO THE PRESENT USE, TWENTY SIX MOTEL UNITS WHICH ARE PREDOMINAT REINFORCED CONCRETE AND CONCRETE UNITS (1 BR/BATH/GARAGE) TYPE. DESIGN IS MODERN, INTERIOR WISE THEY RANGE FROM AVERAGE TO GOOD, TYPE OF UNITS ARE: FOUR (4) HAVE STEEL COLUMNS IMBEDDED IN CORCRETE FOUNDATION; SIX (6) UNITS (ROW TYPE-TWO STORIES).
THE PROPERTY ARE A COMBINATION OF PREFAB CONCRETE WITH REINFORCED CONCRETE AND HAVING STEEL COLUMNS IMBEDDED IN REINFORCED CONCRETE FOUNDATIONS AT REAR BECAUSE OF SITE TOPOGRAPHY (SEE PHOTO). A TWO STORY'S UNIT HAVING FOUR (4) UNITS INTEGRATED INTO AN ORIGINAL RESIDENTIAL STRUCTURE ADAPTED TO MOTEL USE, THE SECOND LEVEL CAN ALSO BE ADAPTED TO SAID USE.
BUT PRESENTLY IT IS UNDER NO ECONOMIC USE AND READY FOR REMODELING IF WARRANTED; LASTLY THERE ARE TWELVE (12) TYPICAL FREE STAND UNITS. ALL REINFORCED CONCRETE AND CONCRETE BLOCKS WITH THE AFOREMENTIONED INTERIOR DISTRIBUTION.
ALL OF THE UNITS HAVE AIR CONDITIONING, COLOR TELEVISION, INTERCOM, AND MUSIC SISTEM.
THERE ARE ALSO THE UNITS FOR LAUNDRY, LOWER AREA OF ONE OF THE FOUR (4) UNITS WHICH HAVE STEEL COLUMNS AT REAR (LEVEL IS ENCLOSED); OFFICE/KITCHEN AND EMPLOYEE STRUCTURES.
LAST OF ALL THERE ARE TWO WATER SISTEMS 18,000 AND 26,000 GALLONS AND TWO SMALLER ONES OF 300 AND 600 GALLONS; TWO GENERATORS 110K AND 125 (PROJECTED TO BE INSTALLED DURING APRIL 2006).
OTHER IMPROVEMENTS INCLUDE GOOD QUALITY ENTRANCE AND EXIT, ALL THE INTERIOR ACCESS IS ASPHALT PAVED (GOOD WIDTH), GOOD LANDSCAPING, IRRIGATION SYSTEM FOR PLANTS/ GRASS AND TREES.

Features
Interior Features
 Alarm System  Cathedral Ceiling  Laundry Room
Cooling
 2 Window / Wall Unit
Exterior Finish
 Concrete Block
Heating
 Central Electric
Roof
 Asphalt  Concrete Tile
Sewer/Water Systems
 Private  Public
View
 Forest  Hills  Lake
 Mountain View  Panoramic
Lot Features
 Courtyard  Fenced  Garden Area
 Landscaped  Lawn  Trees / Shrubs
Appliances
 Dishwasher  Dryer  Freezer
 Garbage Disposal  Gas Range  Generator
 Microwave  Oven Range  Refrigerator
 Stove  Trash Compactor
Extra Features
 Balcony  Cable Available  Covered Parking
 Furnished  Intercom  Public Transportation
 Reserved Parking  Satellite Dish  Security Guard on Duty
 Storage  TV Security
Brokered and Advertised by:   Zayas Realty Group P2#654980
 

Information is deemed to be correct but not guaranteed.