UPDATED:
12/07/2024 05:22 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,750 sqft
Price per Sqft $373
Subdivision Santa Teresita
MLS Listing ID PR9103801
HOA Y/N No
Originating Board Stellar MLS
Year Built 1970
Annual Tax Amount $4,000
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 809
Property Description
This is your chance to own one of the most valuable properties in Santa Teresita, located just steps from Ocean Park Beach in an exclusive gated community. Perfect for investors, this property currently features 11 fully Airbnb-ready apartments with plans to expand to 14–16 units and add premium amenities like a pool and terrace.
Current Layout:
- Apt #1: 4 bedrooms, 3 bathrooms
- Apt #2–#3-#4-#9–#10-#11: 1 bedroom, 1 bathroom each
- Apt #5–#6-#7-#8: Studio, 1 bathroom each
With its prime location, unmatched lot size, and potential for significant revenue, this property is ideal for investors looking to benefit from Act 20-22-60 tax incentives and maximize ROI.
The sellers seek a buyer who understands the property’s exceptional potential and can capitalize on this rare opportunity.
Why This Property?
- Prime location in one of San Juan’s most desirable neighborhoods
- Plans for expansion and premium amenities
- Strong short-term rental demand and high revenue potential
- 5750 sqft and option to expand
This is more than an investment; it’s a chance to develop a long-term asset in a high-demand area.
Serious inquiries only. Proof of funds is required for all appointments. Contact us today to schedule a private showing and explore how this property can meet your investment goals.
Turnkey, high-income potential – don’t miss out! INVESTMENT
Location
County San Juan
Community Santa Teresita
Zoning RT3
Interior
Heating Electric, Wall Units / Window Unit
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile, Concrete
Appliance Dryer, Microwave, Refrigerator, Washer
Exterior
Parking Features Parking Spaces - 6 to 12, Common
Community Features Beach Area
Utilities Available Electricity Available, Phone Available, Water Connected
Roof Type Cement
Building
Lot Description Corner Lot, Curb and Gutters, Flood Insurance Required, FloodZone, Near Public Transit, Paved
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Pets Allowed Yes - See Condo Docs
Ownership Partnership
Acceptable Financing Assumable, Cash, Lease Purchase, Owner Financing, Private Financing Available
Listing Terms Assumable, Cash, Lease Purchase, Owner Financing, Private Financing Available
Special Listing Condition None
“I take great pride in the level of service, honestly and professionalism I provide to my clients. I'm ready to bring all of my skills front and center to help you sell your existing home, or find your dream home!”
--Jamie Lucena, MBA