Active

$2,199,000

Features:
  • 13 Bedrooms
  • 8 Bathrooms
  • 3553 sq ft
Overview
  • ID: MFRPR9121619
  • Bedrooms: 13
  • Bathrooms: 8
  • Size: 3553 sq ft
Property Details
Remarks
Income-producing 8-unit multifamily property in a prime location just steps from Calle Loíza. With no HOA fees and no short-term rental restrictions, this is an exceptional investment opportunity in one of San Juan’s strongest and most sought-after rental markets. The property consists of four 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two 3-bedroom/1-bath units, offering 3,553 sqft of living area on a 286 sqm lot. Features include separate entrances, remodeled kitchens, split-unit A/Cs, balconies, laundry areas, a water cistern, portable backup generator, and comes fully furnished and equipped for immediate operation. Currently operated as a mix of short-term and long-term rentals, with five units active on STR platforms and three units leased long term. The property achieved approximately 85% occupancy and generated $363,500 in gross income during 2025, demonstrating a strong track record and attractive cap rate. Based on current performance trends, 2026 is expected to outperform 2025. Additionally, there is significant upside potential, as converting the remaining long-term rental units to short-term rentals could further increase revenue and overall returns. Ideally located near beaches, restaurants, nightlife, hotels, parks, pharmacies, shopping, and major attractions. Separate parking lot available. Showings by appointment only and scheduled between guest stays. Proof of funds required prior to showings. Contact the listing agents for additional information.
Financial Considerations
Price:
$2,199,000
HOA Fee:
N/A
Tax Amount:
$N/A
Price per SqFt:
$618.91
Tax Legal Description:
N/A
Exterior Features
Lot Size:
2756
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Concrete, Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
13
Bathrooms:
8
Heating:
Other
Cooling:
Mini-Split Unit(s)
Appliances:
Convection Oven, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Furnished:
Yes
Floor:
Other
Levels:
Multi/Split
Additional Features
Property Sub Type:
Condo - Hotel
Style:
N/A
Year Built:
2016
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    119 SANTA CECILIA
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 275,000
avt
Daniel Dourado
$ 275,000
img
  • Featured
  • Active
Condo - Hotel

12538 FLORIDAYS RESORT DR #109C

  • 3
  • 2
  • 111 m²
avt
Daniel Dourado
$ 205,000
avt
Daniel Dourado
$ 325,000
avt
Daniel Dourado
$ 325,000
avt
Daniel Dourado
$ 260,000
avt
Daniel Dourado
$ 625,000
avt
Daniel Dourado
$ 265,000
img
  • Featured
  • Active
Condo - Hotel

6165 ISLA VERDE AVENUE #1270

  • 1
  • 1
  • 0 m²
avt
Daniel Dourado
$ 485,000
avt
Daniel Dourado
$ 369,000
avt
Daniel Dourado
$ 379,000
img
  • Featured
  • Active
Condo - Hotel

13427 BLUE HERON BEACH DR #1405

  • 2
  • 2
  • 108 m²
avt
Daniel Dourado
$ 375,000