Active

$3,495,000

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 7435.26 sq ft
Overview
  • ID: MFRPR9117458
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 7435.26 sq ft
Property Details
Remarks
Exceptional investment opportunity in San Juan, located on Calle Tapia just steps from the beach in the highly desirable Ocean Park and Condado corridor. This fully remodeled 9-unit multifamily property offers a versatile mix consisting of one three-bedroom residence, seven one-bedroom units, and one studio, all thoughtfully updated with contemporary and durable finishes ideal for high-occupancy rentals. The structure has been comprehensively modernized and features a full-power diesel generator, water cistern, and five on-site parking spaces with additional street parking available, a valuable amenity in this gated beachside community. Its privileged location provides immediate access to Ocean Park’s walkable residential charm, boutique cafés, and popular kitesurfing beach while being moments from Condado’s hotels, restaurants, designer shopping, and wellness centers. The property is only a short distance from the newly renovated Parque Barbosa, a state-of-the-art recreational hub with running tracks, fitness areas, sports courts, shaded seating, and family-friendly green spaces, further strengthening rental appeal for both short-term and long-term residents seeking an active coastal lifestyle. Adding to its value, the property qualifies for Puerto Rico’s Tourism Tax Credit Program, capital improvements, and eligible operational expenses, making it a rare investment with accelerated returns and long-term appreciation potential. HOA is $130 monthly and CRIM is $4,600 annually.
Financial Considerations
Price:
$3,495,000
HOA Fee:
100
Tax Amount:
$N/A
Price per SqFt:
$470.06
Tax Legal Description:
N/A
Exterior Features
Lot Size:
5078
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Concrete
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
None
Cooling:
Mini-Split Unit(s), Wall/Window Unit(s)
Appliances:
Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Indoor Grill, Microwave, Range, Range Hood
Furnished:
No
Floor:
Ceramic Tile
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1970
Construction Type:
Concrete
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Awning(s), Balcony, Lighting, Outdoor Shower, Private Mailbox, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    8 CALLE TAPIA
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