Blocks from Ocean Park beach and only a block away from hip and trendy "Loiza Street", this multi-unit building, is a great investment opportunity. Featuring 12 units, encompassing both studios and 1-bedroom units, including 12 parking spaces. Presently yielding a $97,000 in annual income through long-term tenants, this investment serves as a testament to stability. However, its allure is further heightened by the promise of future gains. Airbnb gross projections elevate the potential income to an impressive $296,400, unveiling a lucrative avenue for discerning investors. Strategically positioned near Ocean Park's vibrant locales, renowned dining establishments, and pristine beaches, the property enjoys a coveted address. The intentional combination of long-term leases and the burgeoning short-term rental market solidifies this investment as a versatile asset in the thriving Ocean Park community. convenience.
MLS# | PR9103573 |
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Listing Type | For Sale |
Style | Town House |
Suite Number | 2012 |
Sub-Type | For-sale |
Status | Active |
Year | 2000 |
Days On Site | 333 |
Listing Provided By | ILIA MARTINEZ & ASSOCIATES | Ilia Martinez Carn |
SQ Feet | 4,133 |
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Car Port | Yes |
Units | 12 |
Zoning | R-1 |
Acreage | 0.09 |
State | PR |
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County | San Juan |
City | SAN JUAN |
Zip Code | 00911 |
Area | 00911 San Juan |
Community Name | MCLEARY 2012 |
Listing VS Median (in MCLEARY 2012) | |
Price: $1,875,000 low | high Med: $1,875,000 SqFt: 4,133 low | high Med: 4,133 $ / SqFt: $454 low | high Med: $454 On Site: 333 low | high Med: 333.000000 |