$1,150,000 for Sale
60 ismael rivera street, san juan, PR 00911
| Beds 8 | Baths 5 | 3,600 Sqft | 0.93 Acres |
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Property Description
Whether looking for a short-term or long-term rental income, this property is a great investment opportunity. Its gross income in May was $14,000; in June, it was $15,926.00. 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.
Waterfront
Water Name: Ocean Park Beach
General Information
Sale Price: $1,150,000
Price/SqFt: $319
Status: Active
MLS#: PR9097979
City: san juan
Post Office: san juan
County: San Juan
Subdivision: san juan-ocean park
Acres: 0.93
Bedrooms:8
Bathrooms:5 (5 full, 0 half)
House Size: 3,600 sq.ft.
Acreage: 0.93 est.
Year Built: 1970
Property Type: Single Family Residence
Style: Contemporary, Mediterranean
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Brick, Cement Siding, Concrete
Exterior Misc: Balcony, French Doors, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Private Mailbox, Sidewalk
Basement: No
Foundation : Brick/Mortar, Concrete Perimeter
Appliances: Cooktop, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Filtration System
Cooling: Mini-Split Unit(s)
Heating: None
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $1,200
Legal Description: -----“URBANA: Porción de terreno radicada en la Sección Norte del Barrio de Santurce de esta ciudad de San Juan, Puerto Rico, compuesta de TRESCIENTOS SETENTA Y OCHO PUNTO CUARENTA Y CINCO METROS CUADRADOS (378.45 m.c.), marcado en el plano de urbanización "B" dos (B-2), hoy Calle Calma Número Sesenta (60), colindante por el NORTE, en veinticuatro punto diez metros (24.10 m.) con el solar marcado en el plano de urbanización "B" tres (B-3); por el SUR, en veintiocho punto diez metros (28.10 m.) con el solar marcado en el plano de urbanización "B" uno (B-1); por el OESTE, en trece punto noventa y ocho metros (13.98 m.) con terrenos de la Sucesión de Wenceslao Borda; y por el ESTE, en quince punto siete metros (15.7 m.) con la calle Bou.------------------------------------------------------- -----Enclava una casa de concreto de una sola planta.”----------------- ------------------------------------------------------------------------------------------
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: VICTOR ALONSO VEGA of PUERTO RICO CORPORATE RENTALS, Phone: 787-525-4364
