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Located in the traditional San Rafael neighborhood, just a 18-minute walk from the Main Square of San Miguel de Allende, this property represents an excellent opportunity for visionary investors. Set on a 100 m² lot with a solid structure in obra gris (unfinished construction), the house offers great potential for remodeling and customization. It currently features three flexible spaces (two bedrooms and a study), with one of them having its own independent entrance — ideal to be converted into a small rental unit or private guest quarters. The natural slope of the land also provides the option to build a second floor with a terrace, allowing for breathtaking panoramic views of the city and adding significant value to the property. While it does require updating and improvements, its strategic location in a high-demand area — surrounded by iconic neighborhoods such as Independencia, Guadalupe, and Centro — ensures attractive appreciation over the medium and long term.