RAR61– Casa las Ranas — 4 Rental Studios + House in Downtown Puerto Morelos

$750,000 USD

Description

Great opportunity for investment in beautiful downtown Puerto Morelos, just steps from the Caribbean!

With its beautiful traditional architecture and playful frog (“rana”) figurines, Casa las Ranas has become a beloved landmark in Puerto Morelos.  Located on a peaceful residential block, just 2.5 blocks south of the town square, and 1.5 block from the beach, this charming property offers the best of both worlds — a beautiful spot to live and an opportunity to earn rental income throughout the year.

Situated on an oversize lot – Casa las Ranas consists of 4 rental studios and a two bedroom/two bath home separated by a lush courtyard.  There are two rental studios on the ground floor and two on the second floor. Each rental studio is sunny and bright with a full kitchen, living room, bathroom and a separate bedroom.  Each unit also boasts a lovely semi-private outdoor living space in the front of the property.

Behind the two front studios you’ll find a lush tropical courtyard with seating and a staircase up to the second floor.  Access to the top two studios is here, or go up another flight and enjoy the view over Puerto Morelos and a peek-a-boo ocean view from the spacious roofdeck!

The main house features an open floor plan kitchen/dining/living area with windows throughout.  The custom kitchen is beautiful with custom wooden cabinetry and plenty of counter space.  The living area is comfortably designed for relaxation.  A full bath completes the ground floor.  Upstairs you’ll find two huge bedrooms!  A master bedroom with en suite bath, and a large guest suite.

Behind the main house you’ll find an open mini-courtyard with a utility room complete with washer and dryer and storage areas.

This property is beautiful (and profitable) as is, but there are also many possibilities to add value.  A little updating and the addition of a small pool would raise the price point of the rentals.  Or add another level and more rental units.  Turn the main house into rental units (but that kitchen!…) and build an owner’s apartment up on the second floor to capture the ocean views.  So many options!  The one thing that can’t change is that this is a great opportunity in a picture perfect location steps from the Caribbean.

Property Features:

  • Lot is 310 square meters
  • Construction is 463 square meters (4984 square feet)
  • 4 Rental Studios each with full kitchen, living room, bathroom and bedroom + outdoor space
  • 2 Bedroom/2 Bath House
  • 4 Electric Meters (helps keep costs down!)
  • Rooftop Deck
  • Laundry Facilities
  • Opportunity for year-round rental income
  • Great location!

 

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