632 CERRA ESQ FERNANDEZ JUNCOS AVE #632, SAN JUAN, PR 00907

  • $800K
  • $800K
632 CERRA ESQ FERNANDEZ JUNCOS AVE #632, SAN JUAN, PR 00907
  • Multi-Family
  • Property Type
  • 8
  • Bedrooms
  • 6840
  • Sqft
  • 1940
  • Year Built
For Sale
632 CERRA ESQ FERNANDEZ JUNCOS AVE #632, SAN JUAN, PR 00907
632 CERRA ESQ FERNANDEZ JUNCOS AVE #632, SAN JUAN, PR 00907
  • $800K
  • $800K

Description

632 ERNESTO CERRA CORNER AVE FERNANDEZ JUNCOS – Take advantage of this fantastic cosmetic FIXER and VALUE ADD, perfect for investors seeking a quick turnaround project or savvy rental income opportunity. With great curb appeal and an excellent location, this property has solid bones and a fantastic layout. According to the assessor’s records, it spans 6,840 square feet across four levels. The ground floor offers commercial retail space that can be rented as one large unit or divided into two. The remaining three floors can accommodate 4 to 6 apartments, each boasting beautiful, spacious interiors and skyline views from the common area rooftop. Consider renovating the second floor into two one-bedroom units, dedicating the entire third floor to a spacious 2-bed, 2-bath apartment, and transforming the fourth floor into a stunning penthouse with 2 beds, 2 baths, and ample natural light. Resident parking can be secured at a nearby parking lot. Once renovated, rental income has the potential to produce an 18% cap rate. It is a fantastic value-add opportunity in an up-and-coming neighborhood. Act fast—this property won’t last long!

  • Address 632 CERRA ESQ FERNANDEZ JUNCOS AVE #632
  • City San Juan
  • State/county PR
  • Zip/Postal Code 00907
  • Area 632 ESQUINA ERNESTO CERRA + FERNANDEZ JUNCOS
  • Country United States

Details

Updated on May 18, 2024 at 8:18 pm
  • Property ID: HRE-342355
  • Price: $800K
  • Property Size: 6840 Sqft
  • Land Area: 4 Acres
  • Bedrooms: 8
  • Year Built: 1940
  • Property Type: Multi-Family
  • Property Status: For Sale
  • Living Area: 6840
  • MLS#: MFRPR9106201
  • Office Name: PR LATITUDES REALTY
  • Agent Name: Michelle Maloy
  • MLS Status: Active
  • Living Area Prefix: Square Feet

Additional details

  • Roof: Cement
  • View: City
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: None
  • Flooring: Concrete
  • County: San Juan
  • Property SubType: Multi-Family
  • Water Source: See Remarks

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