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Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 1,725,000

Est. payment | -/mo

8 Beds

7 Baths

3,467 SqFt

Save Virtual Tour

$ 1,725,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

7 Baths

3,467 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 3,467 sqft

Price per Sqft $497

Subdivision Condado

MLS Listing ID PR9115709

Bedrooms 8

HOA Y/N No

Year Built 1960

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

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.

Location

State PR

County San Juan

Community Condado

Area 00907 - San Juan

Zoning RESI

Interior

Interior Features Ceiling Fans(s), Living Room/Dining Room Combo

Heating None

Cooling Mini-Split Unit(s)

Furnishings Furnished

Fireplace false

Laundry Outside

Exterior

Exterior Feature Balcony, Lighting, Sidewalk, Storage

Utilities Available Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected

View Y/N No

Water Access No

Roof Type Concrete,Shingle

Garage false

Private Pool No

Building

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

Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9115709

Listed by Laura Diaz Febres ETERNAL SUMMER REALTY

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

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

+1(904) 982-8461

josh@welcomehome904.com

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1 PLACID COURT #71 San Juan, PR 00907