60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911

  • $1.2M
  • $1.1M
60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911
  • Single Family Residence
  • Property Type
  • 8
  • Bedrooms
  • 5
  • Bathrooms
  • 3600
  • Sqft
  • 1970
  • Year Built
For Sale
60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911
60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911
  • $1.2M
  • $1.1M

Description

This property is a great investment opportunity, whether you’re looking for a short-term or long-term rental income. It consists of three Mediterranean-style structures built over a 378-square-meter lot, with approximately 3,800 square feet of construction, four parking spaces, a TESLA battery, and 38 solar panels connected to a Net Metering system that will significantly reduce electricity bills. The property also includes an outdoor entertainment area.

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.

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. We estimate this property can generate a gross income of between $12,000 and $14,000 per month. 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,”There are many restaurants located within a short walking distance from here.”, 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 a small pool can be put.

All three apartments are turn-key, ready for rentals, and generating very attractive cash flow. Tax incentives may apply. The price is not subject to appraisal. Please call for a private appointment.

  • Address 60 ISMAEL RIVERA ST #1-3
  • City San Juan
  • State/county PR
  • Zip/Postal Code 00911
  • Area SAN JUAN
  • Country United States

Details

Updated on April 9, 2024 at 10:18 am
  • Property ID: HRE-39121
  • Price: $1.2M
  • Property Size: 3600 Sqft
  • Land Area: 0.93 Acres
  • Bedrooms: 8
  • Bathrooms: 5
  • Year Built: 1970
  • Property Type: Single Family Residence
  • Property Status: For Sale
  • Living Area: 3800
  • MLS#: MFRPR9097979
  • Office Name: PUERTO RICO CORPORATE RENTALS
  • Agent Name: VICTOR ALONSO VEGA
  • MLS Status: Active
  • Living Area Prefix: Square Feet

Additional details

  • Roof: Concrete
  • View: City
  • Sewer: Public Sewer
  • Cooling: Mini-Split Unit(s)
  • Heating: None
  • Tax Annual: 1200
  • Tax Year: 2022
  • Flooring: Ceramic Tile,Tile,Tile
  • County: San Juan
  • Property SubType: Single Family Residence
  • Parking: Alley Access,Curb Parking,Off Street,On Street
  • Water Source: Public

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