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. This property generated a gross income of $14,000 in May and $15,926.55 in June 2024. 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. The owner is open to financing a portion of the sale price through a Lease-to-Purchase Option. OPPORTUNITY
Buyers must have a pre-approval letter from the bank and POF.
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. This property generated a gross income of $14,000 in May and $15,926.55 in June 2024. 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. The owner is open to financing a portion of the sale price through a Lease-to-Purchase Option. OPPORTUNITY
Buyers must have a pre-approval letter from the bank and POF.
Property Details
Price:
$1,150,000
MLS #:
PR9097979
Status:
Active
Beds:
8
Baths:
5
Address:
60 ISMAEL RIVERA STREET UNIT 1-3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SAN JUAN-OCEAN PARK
Neighborhood:
00911 – San Juan
City:
SAN JUAN
Listed Date:
Jan 5, 2023
State:
PR
Finished Sq Ft:
3,800
Total Sq Ft:
3,800
ZIP:
00911
Lot Size:
4,073 sqft / 0.93 acres (approx)
Year Built:
1970
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
More About GaryMortgage Calculator
Schools
Interior
Appliances
Cooktop, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Filtration System
Bathrooms
5 Full Bathrooms
Cooling
Mini- Split Unit(s)
Flooring
Ceramic Tile, Porcelain Tile, Tile
Heating
None
Laundry Features
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Outside, Washer Hookup
Exterior
Architectural Style
Contemporary, Mediterranean
Construction Materials
Brick, Cement Siding, Concrete
Exterior Features
Balcony, French Doors, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Private Mailbox, Sidewalk
Other Structures
Additional Single Family Home, Cabana, Gazebo
Parking Features
Alley Access, Curb Parking, Off Street, On Street
Roof
Concrete
Financial
Tax Year
2022
Taxes
$1,200
Map
Community
- Address60 ISMAEL RIVERA STREET UNIT 1-3 SAN JUAN PR
- SubdivisionSAN JUAN-OCEAN PARK
- CitySAN JUAN
- CountySan Juan
- Zip Code00911
Similar Listings Nearby
- Caoba Street PUNTA LAS MARIAS
SAN JUAN, PR$1,495,000
0.91 miles away
- 17 INGA STREET
SAN JUAN, PR$1,450,000
1.02 miles away
- 27 MAR MEDITERRANEO STREET
CAROLINA, PR$1,425,500
1.77 miles away
- 9 DEL MERCADO UNIT 3
SAN JUAN, PR$1,400,000
4.28 miles away
- 405 CALLE SOL
OLD SAN JUAN, PR$1,400,000
4.01 miles away
CAROLINA, PR$1,300,000
4.99 miles away
Courtesy of PUERTO RICO CORPORATE RENTALS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 60 ISMAEL RIVERA STREET UNIT 1-3
SAN JUAN, PR
LIGHTBOX-IMAGES