5,000 SqFt
5,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $260
Subdivision Ave. Miramar
MLS Listing ID PR9113553
Construction Status Fixer
HOA Y/N No
Year Built 1991
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Cash Flow + NO Federal Capital Gains!
Seize a rare opportunity to own 665 Miramar Avenue, a maintained 4-unit property in San Juan's most coveted neighborhood, steps from Ocean Park Beach and Condado's luxury corridor. This turnkey investment boasts fully renovated units (2-3 bedrooms each). Perfect for generating active income through STRs.
Miramar's Elite Positioning:
•Surrounded by Cafés, galleries, and beaches just minutes away.
•Tourism Epicenter: 10 mins to SJU Airport, Port of San Juan (2M+ cruise passengers/year).
• Appreciation Magnet: Adjacent to Condado's $5M+ condos – values surged STRONG INCREASE + since 2020.
Wealth-Builder Essentials:
- Stable NOI: at least $100K/year .
- Dual-Income Strategy: Hold long-term tenants or pivot to luxury vacation rentals (peak rates: $300+/night).
- Inflation Hedge: Tangible asset in a supply-constrained luxury enclave.
Act Now! • Ideal for Act 60 decree holders, 1031 exchangers, or crypto investors leveraging tax efficiency.
Location
State PR
County San Juan
Community Ave. Miramar
Area 00907 - San Juan
Zoning RESI
Interior
Interior Features Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Thermostat, Walk-In Closet(s)
Heating None
Cooling Central Air, Ductless, Wall/Window Unit(s)
Fireplace false
Laundry Common Area, Laundry Room, Outside
Exterior
Exterior Feature Balcony, Fence, Garden, Storage
Garage Spaces 1.0
Utilities Available Electricity Available, Electricity Connected, Fiber Optics, Public, Water - Multiple Meters, Water Available, Water Connected
Roof Type Cement,Metal
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Historic District
Entry Level Multi/Split
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Fixer
Others
Ownership Co-op
Acceptable Financing Cash, Conventional, Other, Owner Financing, Private Financing Available
Listing Terms Cash, Conventional, Other, Owner Financing, Private Financing Available
Special Listing Condition None

"People Before Property"
Assisting buyers and sellers in achieving their goals is literally what I love to do!