Active

$1,725,000

Features:
  • 8 Bedrooms
  • 7 Bathrooms
  • 3467 sq ft
Overview
  • ID: MFRPR9115709
  • Bedrooms: 8
  • Bathrooms: 7
  • Size: 3467 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,725,000
HOA Fee:
N/A
Tax Amount:
$N/A
Price per SqFt:
$497.55
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:
Mini-Split Unit(s)
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
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