Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
3,467
PRICE REDUCED! Under Appraisal Value. Secure your future in one of Puerto Rico's most desirable neighborhoods. This Condado Greece-Style Multi Unit property is a profitable blend of location, charm, and a proven return on investment. Strategically located just a short walk from the beach and surrounded by a vibrant mix of restaurants, bars, shops, and supermarkets. Its prime location, combined with a quick 10-minute drive from the airport, makes it an ideal spot for high-demand short-term rentals like Airbnb and VRBO. 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.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete
-
Other Exterior Features
Balcony, Lighting, Storage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$1,925,000
-
Sq. Footage
3, 467
-
Price/SqFt
$555
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
San Juan
Elementary School
Middle School
High School
Listing Courtesy of Laura Diaz Febres , ETERNAL SUMMER REALTY
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