See more images

Asking Price

$ 1,000,000

Status

Active

60 Ismael Rivera STREET #1-3

SAN JUAN, PR,00911, SAN JUAN-OCEAN PARK

Overview

8 Bedrooms

5 Bathrooms

Garage

3,600 sqft

Year Built: 1970


School Nearby

Description

Whether looking for a short-term or long-term rental income, this property is a great investment opportunity. It consists of three Mediterranean-style structures built over a 378-square-meter lot, approximately 3,800 square feet of construction, four parking spaces, a TESLA battery, and 32 solar panels connected to a Net Metering system that will significantly reduce electricity bills. The property also includes an outdoor entertainment area. Ocean Park Beach is four blocks away. The main building has two independent units. The first unit on the ground floor has four remodeled bedrooms, two full bathrooms, a living/dining room, a full kitchen, and a porch in front. Each of the bedrooms and the living room has an AC split unit. The second-floor unit features three bedrooms, two full bathrooms, and a spacious open-layout kitchen with access to the balcony, living, dining, and family room. It is in the perfect location. The second building, located at the back of the property, has one bedroom and one bathroom. Owners can live in the main building and operate their business or rent the units to generate additional income. The 4-bedroom unit has been fully remodeled and rented on a short-term basis. It is perfect for short-term rentals like Airbnb and is a sought-after area for tourists and relocations. The property is in a great community. "Many restaurants are located within a short walking distance from here." There are also cafes, fresh food markets, parks, and shopping. There are also great nightlife activities, including cultural and music nights at La Placita or Ventana al Mar in Condado. There is an area in the back where new owners can build a small pool. All three apartments are turn-key, ready for rentals, and generate attractive cash flow. Tax incentives may apply. The price is not subject to appraisal. Please call for a private appointment. This property offers excellent potential for increasing revenues—it's the best opportunity in Ocean Park. OPPORTUNITY


Features

Status:   Active

Beds:    8

Baths:   5

Square Footage:   3,600 Sq. Ft

HOA Fee:   -

Property Type:   Single Family Residence

MLS Number:   PR9097979

Days on Market:   628

Year Built:   1970

Lot Size:  

County:   San Juan

Taxes:   $1,200.00


Address

60 Ismael Rivera STREET #1-3 , SAN JUAN ,PR

Listing provided by: PUERTO RICO CORPORATE RENTALS, 787-525-4364

Asking Price

$1,000,000

Status

Active

Similar Properties

Based on information submitted to the MLS GRID as of 11/13/2024 21:45. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information.