15 Beds
10 Baths
5,880 SqFt
15 Beds
10 Baths
5,880 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $408
Subdivision Barrio Boqueron
MLS Listing ID PR9106507
Bedrooms 15
HOA Y/N No
Year Built 2010
Annual Tax Amount $7,119
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Discover a rare gem in Boquerón's most iconic and walkable sector. The Monik Building is a five-story concrete structure designed with unmatched engineering integrity—built on a floating foundation with 78 deep-set pilings, this property has withstood hurricanes, earthquakes, and the test of time. Appraised at $2,854,000, it is now listed below market value, offering a strategic opportunity for the visionary investor.
Each of the 5 residential units features 3 bedrooms, 2 bathrooms, living room, dining room, kitchen, laundry, hallways, and balconies with spectacular front-facing views of Boquerón Bay. Additional amenities include an elevator, stairs, rooftop with panoramic 360° views, and separate water/electric meters (6 each), allowing future conversion into a condo regime.
Currently underutilized, this is not a passive-income property—it's a diamond in the rough. Its full potential lies in transformation: think boutique hotel, luxury short-term rentals, or a culinary destination with bar/restaurant facilities on the first level. With limited permitting for new developments in this historic area, the Monik Building represents one of the last opportunities to own a legacy structure in this high-demand tourism corridor.
Lot Size: 258 square meters
Parking: Accommodates 5 small cars
Tax ID: 380-013-008-03-001
Coordinates: 18.024408, -67.173055
This is a unique investment opportunity in the most coveted location of Boquerón. Showings are by appointment only, and proof of funds is required. Don't miss your chance to own this beachfront treasure.
Gross Living ( 5 units / 1,176 each ) = 5,880 sq ft
Total Building Construction is Approx = 11,172 sq ft
At this moment is vacant, but you can make passive income from it.
Asking Price: $2.4 million
For more information or to schedule a private tour, contact us today.
Location
State PR
County Cabo Rojo
Community Barrio Boqueron
Area 00623 - Cabo Rojo
Zoning CT-L
Interior
Interior Features Ceiling Fans(s), Other, Primary Bedroom Main Floor
Heating None
Cooling Ductless
Fireplace false
Laundry Electric Dryer Hookup, Laundry Closet
Exterior
Exterior Feature Balcony, Fence
Garage Spaces 5.0
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Waterfront Description Bay/Harbor,Beach Front,Canal - Saltwater,Marina in Community
View Y/N Yes
Water Access Yes
Water Access Desc Bay/Harbor,Beach,Beach - Access Deeded,Canal - Saltwater,Marina
Roof Type Cement
Attached Garage true
Garage true
Private Pool No
Building
Foundation Block, Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9106507
Agent | License ID: SL3614857
+1(407) 766-1911 | ana.caballerosimon@lptrealty.com