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Josh Cotton

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

$ 630,000

Est. payment | -/mo

11 Beds

7 Baths

3,853 SqFt

Save Virtual Tour

$ 630,000

Est. payment | -/mo

Save Virtual Tour

11 Beds

7 Baths

3,853 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,853 sqft

Price per Sqft $163

Subdivision Santa Rita Rio Piedras

MLS Listing ID PR9123776

Bedrooms 11

HOA Y/N No

Year Built 1975

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Triplex

Source Stellar MLS

Property Description

Exceptional opportunity to acquire an income-producing multifamily property in Santa Rita, Rio Piedras, near the University of PR and the nearby businesses, restaurants and service transportation amenities that makes this area a consistent rental destination for students, university visitors, professionals and short- and long-term occupants. Situated on an oversized corner lot of 4,251 sq.ft., the property features a distinctive Spanish-inspired architectural character with a total living area of 3,853 sq. ft., across 3 independent residential units combining 11 bedrooms and 7 bathrooms, providing an attractive combination of size, rental flexibility, and multiple potential income streams. UNIT 1: a spacious 5BR/3BA residence with covered terrace and private plunge pool, used as short-term rental perfect for serving large groups. UNIT 2: a substantial 5BR/3BA residence currently rented long-term to students. UNIT 3: an independent 1BR/1BA apartment currently used as a short-term rental and well suited for individual travelers and couples, visiting professionals. Additional property features include a dedicated laundry area, solar energy systems, water cistern and gas installation adding resiliency to its rental operations. The property stands out for its generous bedrooms and living spaces, high ceilings, comfortable layouts, terraces, and parking areas on both the north and south sides accommodating approximately 4 vehicles in tandem. The house substantial footprint and flexible layouts provide opportunities to explore additional residential units. Existing second-floor utility rooms and open terrace areas, as well as the large 5BR layouts, may potentially be reconfigured to create more income-producing units, subject to architectural feasibility, permits, zoning and applicable approvals. Tax incentives may apply. Please call now for a private appointment!

Location

State PR

County San Juan

Community Santa Rita Rio Piedras

Area 00925 - San Juan

Zoning RT5

Rooms

Other Rooms Bonus Room, Storage Rooms

Interior

Interior Features High Ceilings

Heating None

Cooling Mini-Split Unit(s)

Flooring Ceramic Tile

Furnishings Negotiable

Fireplace false

Appliance Electric Water Heater, Microwave, Range

Laundry Inside

Exterior

Exterior Feature Balcony, Private Entrance

Parking Features Tandem

Pool Above Ground

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Water Access No

View City

Roof Type Concrete

Porch Covered, Front Porch, Patio

Garage false

Private Pool Yes

Building

Lot Description Corner Lot

Entry Level Two

Foundation Crawlspace, Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9123776

Listed by Enjolie Hernandez SIGNATURE REAL ESTATE LLC

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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51 MARGARITA San Juan, PR 00925