San Juan, PR 00907,665 MIRAMAR AVE
San Juan, PR 00907,665 MIRAMAR AVE
San Juan, PR 00907,665 MIRAMAR AVE
San Juan, PR 00907,665 MIRAMAR AVE
San Juan, PR 00907,665 MIRAMAR AVE
San Juan, PR 00907,665 MIRAMAR AVE
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$ 1,300,000
Est. payment | /mo

5,000 SqFt


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$ 1,300,000
Est. payment | /mo
Save

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

Turnkey 4-Unit Multifamily Gem in MIRAMAR:
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

Stellar MLS
Listed by ALCOVER REAL ESTATE
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"People Before Property"

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

 

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