UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,467 sqft
Price per Sqft $555
Subdivision Condado
MLS Listing ID PR9115709
Bedrooms 8
HOA Y/N No
Year Built 1960
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
This expansive 3,467 sq ft colonial building sits on a generous 424.66 square meters lot and features seven distinct units, offering a versatile mix of accommodations.
Unit A: 3 bedrooms, 1 bathroom
Unit B: Efficiency apartment
Unit C: 3 bedrooms, 1 bathroom
Unit D: 1 bedroom, 1 bathroom
Unit E: 1 bedroom, 1 bathroom
Unit F: 1 bedroom, 1 bathroom
Unit G: Efficiency apartment
Unique features include private balconies on three units and a large terrace on another, providing sought-after outdoor space for guests. The property also includes five dedicated parking spaces—a significant advantage in this bustling area.
This property is more than just a beautiful building; it's a high-performing asset. It currently generates around $200,000 annually from a combination of long-term and short-term rentals. With the potential to transition fully to short-term rentals, the projected annual income is a minimum of $246,000. This makes it a perfect opportunity for both experienced investors and those looking to enter the lucrative Puerto Rico real estate market.
Location
State PR
County San Juan
Community Condado
Area 00907 - San Juan
Zoning RESI
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo
Heating None
Cooling Mini-Split Unit(s)
Furnishings Furnished
Fireplace false
Laundry Outside
Exterior
Exterior Feature Balcony, Lighting, Sidewalk, Storage
Utilities Available Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected
Roof Type Concrete,Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9115709
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