$2,400,000
Pending · 469 days on market · MLS# MFRPR9106507
| Bedrooms | 15 |
|---|---|
| Living area | 5,880 sq ft |
| Lot size | 0.06 acres |
| Year built | 2010 |
| Property type | Multi Family |
| Garage spaces | 5 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $7,120 |
| County | Cabo Rojo |
Under contract-accepting backup offers. Exclusive Opportunity in the Heart of Boquerón, Cabo Rojo – Monik Building 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.
Listing courtesy of Eddie Nieves Santiago, EDDIE NIEVES SANTIAGO. Presented by MC Homes Realty Inc · 727432218.