San Juan PR Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 4,017
- Status:
- Active
- Beds:
- 8
- Year built:
- 1980
- Baths:
- 7.00
- MLS#:
- PR9109073
- Subdivision:
- Urb Monte Flores
View additional info
Courtesy: CIEN POR 35 REALTY LLC
787-517-8911
Valerie Hernandez
ADDITIONAL INFORMATION
Prime Location Short-Term Rental Income Property Monte Flores Dev, Santurce Ward, San Juan This fully renovated, turnkey income property offers an incredible opportunity for investors seeking a high-performing cash flow asset. Located in the prime Monte Flores Dev neighborhood of Santurce Ward, San Juan, this property boasts a strong track record of short-term rental success. This spacious property features 6 well-appointed units, providing ample accommodations for guests. The units are beautifully furnished and equipped with modern amenities, ensuring a comfortable and enjoyable stay for guests. Enjoy stunning views and outdoor entertaining spaces on the two terraces. The property is equipped with 36 solar panels and two Tesla batteries, significantly reducing energy costs and promoting sustainability. Attract eco-conscious guests with a convenient vehicle electric charging station. A 30 kilo Perkins power generator ensures uninterrupted operation in case of power outages. A reliable water supply is guaranteed with the included water tank. Situated in the highly desirable Monte Flores Dev neighborhood, this property benefits from excellent accessibility and proximity to popular attractions, restaurants, and entertainment options. Short-term rentals represent the optimal use for this property, maximizing income potential. A 10.4 capitalization rate offers an attractive return on investment. The property is fully renovated and furnished, ready to generate income immediately. Don't miss out on this exceptional investment opportunity! Sale is not subject a appraisal. Contact us today to schedule a private tour.
$1,000,000
1960 Boriquen San Juan, PR 00915
- Type:
- Multi-Family
- Sq.Ft.:
- 18,000
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1960
- Baths:
- MLS#:
- PR9105466
- Subdivision:
- Santurce
View additional info
Courtesy: MICHAEL MCCARTY
787-398-3174
Michael McCarty
ADDITIONAL INFORMATION
This property is an 18,000 square foot building in the Sagrado Corazon area of Santurce, San Juan, Puerto Rico. The Sagrado Corazon area of Santurce is an up and coming area with lots of improvements, investments, and foot traffic in the area. The property consists of 3 floors, each with approximately 6000 square feet. There are currently 2 operating businesses as tenants on the first floor. One business is a convenience store, restaurant, bar with 2 bathrooms. The other business is a restaurant with 1 bathroom. These businesses occupy approximately 30% of the first floor so there is much more potential for more businesses on the first floor alone. The second and third floors are currently set up as apartments that do need repair and remodel work. The second floor has 6 apartments total, four 4 bedroom 1 bath apartments, one 3 bedroom 1 bath apartment, and one 1 bedroom 1 bath apartment. The third floor has 5 apartments, three 4 bedroom 1 bath apartments and two 3 bedroom 1 bath apartments. The second and third floors can be repaired to be Plan 8 housing, long term rentals, short term rentals. Or, can be completely converted to different uses. The property is a great investment opportunity in an up and coming area. Potential businesses include, but are not limited to, Restaurants, Bars, Nightclubs, Virtual Reality, Laser Tag, Beauty Salons, Doctor's offices, Real Estate offices, Dance Studios, Karate Studios, Short Term rentals, Long Term rentals, Plan 8 housing, Storage Rentals, plus many, many more potential businesses. The opportunities for this property are endless with a lot of space to make your dreams come true. The property can house pretty much any business one can think of. A Buyer could also obtain tax credits for tourism development or long term housing development via Act 128. In addition, Sellers are willing to SELLER FINANCE which makes this even more of an attractive opportunity.
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San Juan Real Estate
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