Active

$2,000,000

Features:
  • 8 Bedrooms
  • 7 Bathrooms
  • 3467 sq ft
Overview
  • ID: MFRPR9115709
  • Bedrooms: 8
  • Bathrooms: 7
  • Size: 3467 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$2,000,000
HOA Fee:
N/A
Tax Amount:
$N/A
Price per SqFt:
$576.87
Tax Legal Description:
N/A
Exterior Features
Lot Size:
4585
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Concrete, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
7
Heating:
None
Cooling:
Ductless
Appliances:
N/A
Furnished:
Yes
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1960
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Lighting, Sidewalk, Storage
Additional Features 2:
N/A
Map
  • Address
    1 PLACID COURT #71
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

img
  • Featured
  • Active
Multi Family

562 GOLDEN RAINTREE PL

  • 12
  • 12
  • 511 m²
avt
Daniel Dourado
$ 959,400
avt
Daniel Dourado
$ 940,000
img
  • Featured
  • Active
Multi Family

1275 TARPON CENTER DR #107

  • 2
  • 2
  • 72 m²
avt
Daniel Dourado
$ 429,999
avt
Daniel Dourado
$ 700,000
avt
Daniel Dourado
$ 1,500,000
avt
Daniel Dourado
$ 550,000
img
  • Featured
  • Active
Multi Family

2506 N ROCKY POINT DR #254, 301, 335, 414, 454

  • 5
  • 5
  • 247 m²
avt
Daniel Dourado
$ 1,250,000
img
  • Featured
  • Active
Multi Family

51 MUÑOZ RIVERA AVE, CORNER LOS ROSALES, LAS PALMERAS ST

  • 26
  • 26
  • 2439 m²
avt
Daniel Dourado
$ 5,780,000
img
  • Featured
  • Active
Multi Family

Urb Mayaguez Terrace 3021 CALLE RAMON POWER

  • 6
  • 5
  • 185 m²
avt
Daniel Dourado
$ 274,900
avt
Daniel Dourado
$ 299,999
avt
Daniel Dourado
$ 1,350,000
avt
Daniel Dourado
$ 900,000