Active

$2,275,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 4150 sq ft
Overview
  • ID: MFRPR9110010
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 4150 sq ft
Property Details
Remarks
Discover a unique investment opportunity in the highly sought-after Ocean Park neighborhood! This charming guesthouse is situated on vibrant McLeary Avenue, just a 5-minute walk from Ocean Park Beach. Positioned on a corner lot, the property consists of six independent apartments, with interiors that have been meticulously curated. Ample outdoor spaces and intimate patios, surrounded by tropical vegetation, provide a relaxing and inviting atmosphere for guests to enjoy. The first level of the property includes three unique apartments. The largest offers three bedrooms, two bathrooms, a private deck, and street access. The adjacent two-bedroom, one-bathroom unit connects to it via an adjoining door, allowing both to be rented together to accommodate larger groups. Additionally, a two-story casita, accessible from the central patio, features one bedroom, one bathroom, and a private balcony. On the second level, a foyer leads to three more units, all equipped with in-unit laundry. One corner unit has two bedrooms, two bathrooms, and a spacious living area. The adjacent unit features two bedrooms, one bathroom, and a small foyer suitable as an office. The remaining corner unit is a cozy one-bedroom, one-bathroom with views of the garden below. The property features thoughtfully designed auxiliary spaces, including storage for linens and towels, a dedicated laundry area, and an alcove for tools, maintenance equipment and cleaning supplies. Furthermore, the property has been reinforced with storm-proof windows throughout, state-of-the art flood barriers and sizeable water cisterns, providing additional security and peace of mind against natural disasters. Ocean Park is a dynamic neighborhood known for its spectacular beaches, diverse culinary scene, and community feel. Residents and visitors benefit from its proximity to the airport, nearby attractions and city life, while enjoying a serene, coastal living environment. Surrounded by stunning residences and charming guesthouses, this multiunit property is the perfect site for a short-term rental venture. Its commercial-tourism (CT-1) zoning allows low-impact commercial and hospitality ventures, such as guesthouses and boutique hotels. Trendy coffee shops, classic bakeries and eclectic restaurants are all within a short distance of the property. Ocean Park beach, beloved by locals and visitors alike, is widely considered the best beach in San Juan. Consistent winds and a wide, sandy coastline provide the perfect conditions for activities like kitesurfing, windsurfing, beach tennis and beach volleyball. Whether you’re looking to expand your portfolio with a profitable short-term rental or operate a charming guesthouse, this property’s prime location and versatility present countless possibilities, making it a sound investment for any business venture you have in mind. Don’t miss out on this rare chance to own a unique property in the heart of Ocean Park!
Financial Considerations
Price:
$2,275,000
HOA Fee:
N/A
Tax Amount:
$1575
Price per SqFt:
$548.19
Tax Legal Description:
N/A
Exterior Features
Lot Size:
4286
Lot Features:
Corner Lot, FloodZone
Waterfront:
No
Parking Spaces:
N/A
Parking:
Tandem
Roof:
Concrete
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
None
Cooling:
Mini-Split Unit(s)
Appliances:
N/A
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
Two
Additional Features
Property Sub Type:
Multi-Family
Style:
N/A
Year Built:
1950
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Courtyard, Garden, Outdoor Shower, Rain Barrel/Cistern(s)
Additional Features 2:
N/A
Map
  • Address
    2008 MCLEARY
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