1118 Muñoz Rivera

Description:

Excellent property located on Muñoz Rivera Avenue in Ponce, one of the busiest and most commercially developed areas in southern Puerto Rico. The residence features three bedrooms, one bathroom, a living room, dining room, kitchen, patio, and a covered carport, offering a functional layout with great potential for improvement. Its prime location makes it an excellent opportunity for both residential and investment purposes, as it is close to universities, medical schools, hospitals, supermarkets, and downtown Ponce, with easy access to the area's main roads and businesses. Due to its location within a commercial zone, this property also presents great potential for conversion into rental units or apartments for students and medical professionals. The property requires repairs, therefore it qualifies for FHA 203(k) financing, allowing for purchase and remodeling with a single loan. The price is based on an appraisal, and reasonable offers will be considered. An excellent opportunity for those seeking to invest in a strategic location with high potential for appreciation and profitability in the heart of Ponce..

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Listing ID: 62305