EXISTING, UNDER CONSTRUCTION, AND PROPOSED MULTIFAMILY SUBDIVISION COMPOSED OF 384 INDIVIDUAL CONDOMINIUM UNITS. THE COMPLEX IS WELL LOCATED AT PARCEL MT3, SR# 2, KM 255.2, PONCE MUNICIPALITY, APPROXIMATELY, LESS THAN ONE MILE NORTH FROM MAIN ROUTE SR# 2. PROJECT NEIGHBORHOOD INCLUDES SEVERAL OWNERS, ONE EXISTING AND ONE UNDERCONSTRUCION PUBLIC SCHOOLS, STATE POLICE SHOOTING RANGE, AND PONCE SHUT GUN CLUB. THERE ARE NO APPARENT ADVERSE FACTORS WHICH COULD AFFECT THE SUBJECT'S MARKETABILITY. STABLE PROPERTY VALUES DEMONSTRATE AN AVERAGE MARKET DEMAND FOR THIS AREA. EMPLOYMENT IS MIXED. THE IMPROVEMENTS CONFORM WELL TO THE SURRONDING DEVELOPMENTS. SUBJECT HAS ACCESS TO ALL NECESSARY SUPPORTING FACILITIES. OWNER OCCUPANCY IS PREDOMINANT.

TYPICAL APARTMENT UNITS ARE LOCATED IN SECOND LEVELS.

COMMON ELEMENTS AND RECREATIONAL FACILITIES: TWO BASKETBALL COURTS, GAZEBO, PLAYGROUNDS, LANDSCAPING & PASSIVE AREAS.

OMAR MONTALVO, CRA, MBA