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Josh Cotton

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

$ 2,700,000

Est. payment | -/mo

10 Beds

11 Baths

6,000 SqFt

Save Virtual Tour

$ 2,700,000

Est. payment | -/mo

Save Virtual Tour

10 Beds

11 Baths

6,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $450

Subdivision San Juan

MLS Listing ID PR9123488

Bedrooms 10

HOA Y/N No

Year Built 1975

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

TURNKEY 10-UNIT INVESTMENT PROPERTY | OCEAN PARK, SAN JUAN

Exceptional opportunity to acquire a fully renovated 10-unit multifamily investment property in Ocean Park, one of San Juan's most desirable coastal neighborhoods and a highly sought-after location for both short- and long-term rentals.

SELLER FINANCING AVAILABLE — A RARE OPPORTUNITY
This property offers the advantage of seller financing, creating a unique entry point for qualified buyers seeking flexible acquisition terms. This structure can significantly enhance accessibility and investment leverage, making this an even more compelling opportunity in today's market. Specific terms and conditions of the seller financing will be discussed directly with the listing agent.

Ideally positioned near the beach, parks, restaurants, cafés, hotels, entertainment venues and San Juan's vibrant nightlife, the property offers guests and residents convenient access to many of the experiences that make the Ocean Park area an attractive place to live, vacation and invest. Its strategic location also provides easy connectivity to Condado, Isla Verde, Santurce and the greater San Juan metropolitan area.

The property consists of 10 completely modernized apartments and is currently operating with a combination of short-term and long-term rentals, providing flexibility to diversify income and adapt the rental strategy according to market demand.

The apartments have been extensively updated, and the furnishings have also been recently renovated, allowing the property to continue operating as a turnkey hospitality and rental investment.

Additional features include:

* 10 modernized apartment units
* Established short-term and long-term rental operation
* Recently renovated furnishings
* Full backup power generator
* Water cistern
* On-site parking
* Private covered parking/carport
* Strong historical rental performance
* Established operating history
* Excellent location near Ocean Park Beach
* Proximity to restaurants, hotels, parks, entertainment and nightlife
* Potential to increase occupancy, average length of stay and overall rental revenue

With an established production history and existing rental operation, the property provides an investor with the opportunity to acquire an income-producing asset while still offering additional upside through revenue management, increased occupancy and longer guest stays.

Ocean Park continues to stand out as one of San Juan's most appealing neighborhoods because of its combination of urban lifestyle and beach accessibility. Residents and visitors can enjoy the Caribbean coastline while remaining minutes from some of the metropolitan area's most active dining, hospitality and entertainment districts.

This is an excellent opportunity for an investor seeking a turnkey multifamily property with diversified rental income, established performance, seller financing flexibility, and additional growth potential in one of San Juan's premier coastal locations.

Investment Property | 10 Units | Ocean Park | San Juan, Puerto Rico

Location

State PR

County San Juan

Community San Juan

Area 00907 - San Juan

Zoning RT-3

Interior

Interior Features Ceiling Fans(s)

Heating Electric

Cooling Mini-Split Unit(s)

Fireplace false

Laundry Inside

Exterior

Exterior Feature Balcony, Courtyard, Dog Run, Garden, Storage

Garage Spaces 3.0

Utilities Available Electricity Available, Electricity Connected, Emergency Power, Fiber Optics, Sewer Available, Sewer Connected

View Y/N No

Water Access No

Roof Type Concrete

Attached Garage true

Garage true

Private Pool No

Building

Foundation Concrete Perimeter

Lot Size Range Non-Applicable

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9123488

Listed by Milton Serrano Lebron REALITY 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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Ocean Park OCEAN PARK San Juan, PR 00907