4,150 SqFt
4,150 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,150 sqft
Price per Sqft $548
Subdivision Ocean Park
MLS Listing ID PR9110010
HOA Y/N No
Originating Board Stellar MLS
Year Built 1950
Annual Tax Amount $1,575
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi-Family
Property Description
The first level of the property includes three unique apartments. The largest offers three bedrooms, two bathrooms, a private deck, and street access. The adjacent two-bedroom, one-bathroom unit connects to it via an adjoining door, allowing both to be rented together to accommodate larger groups. Additionally, a two-story casita, accessible from the central patio, features one bedroom, one bathroom, and a private balcony. On the second level, a foyer leads to three more units, all equipped with in-unit laundry. One corner unit has two bedrooms, two bathrooms, and a spacious living area. The adjacent unit features two bedrooms, one bathroom, and a small foyer suitable as an office. The remaining corner unit is a cozy one-bedroom, one-bathroom with views of the garden below.
The property features thoughtfully designed auxiliary spaces, including storage for linens and towels, a dedicated laundry area, and an alcove for tools, maintenance equipment and cleaning supplies. Furthermore, the property has been reinforced with storm-proof windows throughout, state-of-the art flood barriers and sizeable water cisterns, providing additional security and peace of mind against natural disasters.
Ocean Park is a dynamic neighborhood known for its spectacular beaches, diverse culinary scene, and community feel. Residents and visitors benefit from its proximity to the airport, nearby attractions and city life, while enjoying a serene, coastal living environment. Surrounded by stunning residences and charming guesthouses, this multiunit property is the perfect site for a short-term rental venture. Its commercial-tourism (CT-1) zoning allows low-impact commercial and hospitality ventures, such as guesthouses and boutique hotels. Trendy coffee shops, classic bakeries and eclectic restaurants are all within a short distance of the property. Ocean Park beach, beloved by locals and visitors alike, is widely considered the best beach in San Juan. Consistent winds and a wide, sandy coastline provide the perfect conditions for activities like kitesurfing, windsurfing, beach tennis and beach volleyball.
Whether you're looking to expand your portfolio with a profitable short-term rental or operate a charming guesthouse, this property's prime location and versatility present countless possibilities, making it a sound investment for any business venture you have in mind. Don't miss out on this rare chance to own a unique property in the heart of Ocean Park!
Location
State PR
County San Juan
Community Ocean Park
Zoning CT-1
Interior
Interior Features Other
Heating None
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile
Furnishings Furnished
Fireplace false
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Courtyard, Garden, Outdoor Shower, Rain Barrel/Cistern(s)
Parking Features Tandem
Utilities Available Electricity Connected, Water Connected
Roof Type Concrete
Garage false
Private Pool No
Building
Lot Description Corner Lot, FloodZone
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
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