Property Attributes
- MLS#PR9103801
- TypeCommercial
- CountySAN JUAN
- CitySAN JUAN
- AreaSan Juan
- NeighborhoodSanta Teresita
- Zip00913
- StyleMulti Family
- Year Built1970
- Taxes$ 4000
- Price$ 1,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4650
- Lot Size8,276 SqFt
Data Source:
Stellar MLS
Property Description
BEST LOCATION: SANTA TERESITA If you are looking for a property with great value, this is the one for you. This amazing property is located just a short walk away from the Ocean Park beach and is situated in the gated community of Santa Teresita in San Juan, Puerto Rico. It includes 9 AirBnB apartments and offers the potential to expand to 14-16 more apartments. With a lot size of 809 square meters (one of the largest in Santa Teresita), this investment property boasts 4,650 sq. ft. of construction, 10-12 parking spaces, an outdoor entertainment area, and a laundry/storage room. The main structure of the property combines sleeping accommodations and office spaces, making it perfect for guests who want to work from home. Upstairs, you'll find a Apartment #1. A 4-bedrooms, 3-full bathrooms with a large balcony of 1,650 sqft, a spacious kitchen, a living room, a dining room, and a family room. Apartment #2-Also on the second floor, a one-bedroom apartment with a terrace. Downstairs, there are Apartment #3- A one-bedroom, one-bathroom Apartment ##5, A one-bedroom, one-bathroom Apartment #6 A one-bedroom, one-bathroom Apartment #7), one two-bedroom, one-bathroom Apartment #8, A two bedrooms, one bathroom The second structure of the property has: Apartment #9 A one-bedroom, one bathroom Apartment #10 A one bedroom, one bathroom. This property gives you the flexibility to use it as a big single-family home or operate your business and accommodate employees, guests, and/or friends in independent units while enjoying lots of privacy. We have architectural and design plans for renovation, including expansion from 9 apartments to 14-16 separate units, a pool, and a large terrace. A tax incentive may apply. Please call us for a private appointment. Qualified buyers must have proof of funds,this is a multifamily property with 9 apartments, 7 electric meters, and 6 water meters. Financing must be commercial or private, and the price is not subject to appraisal. This property is an income-producing investment and comes turnkey-ready with a proven track record. Occupancy 65% to 85% Great investment for Act 20-22-60 tax incentives. Owner financing is available to qualified buyers. Please note that proof of funds is required for an appointment. This property offers lots of potential to be developed and increase revenews.
Price History | |
---|---|
12/27/2023 | Listed $1,850,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Electric,Wall Units / Window Unit |
Cooling | Mini-Split Unit(s) |
Utilities | Electricity Available,Phone Available,Water Connected |
Roof | Cement |
Appliances | Dryer,Microwave,Refrigerator,Washer |
Zoning | RT3 |
Security Features | Gated Community,Secured Garage/Parking,Security Gate,Security Lights,Security System,Security System Owned,Smoke Detector(s) |
Construction Materials | Block,Concrete |
Pets Allowed | Yes - See Condo Docs |
Year Built | 1970 |
Levels | Two |
Unit Number | 9 |
Property SubType | Multi Family |
Tax Year | 2022 |
Percent Ownership | Partnership |
Community Features | Beach Area |
Accessibility | Accessible Bedroom,Accessible Electrical and Environmental Controls,Accessible Entrance,Customized Wheelchair Accessible |
County | San Juan |
New Construction | No |
Property Type | Commercial Sale |
Subdivision Name | SANTA TERESITA |
Facing Direction | East |
Building Features | Furnished,Outside Storage |
Other Structures | Maintenance,Storage |
Status | Active |
Directions | Urbanizacion Santa Teresita Entrada principal por la calle Guerrero Noble. Indicar al guardia de seguridad que va a Cacique 2260. De frente 150 metros es la casa de dos pisos de esquina con todo el |
City | SAN JUAN |
Buyer Agent Compensation | 3% |
Body of Water | Ocean Park Beach |
Total Units | 9 |
MLS Area | 00913 - San Juan |
Lot Size Square Feet | 8708 |
Waterfront Y/N | No |
Street Name | Cacique |
Listing Terms | Assumable,Cash,Private Financing Available |
Tax Annual Amount | 4000 |
Property Condition | Completed |
Public Remarks | BEST LOCATION: SANTA TERESITA If you are looking for a property with great value,this is the one for you. This amazing property is located just a short walk away from the Ocean Park beach and is si |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/PR9103801 |
Days on Market | 131 |
Standard Status | Active |
Legal Description | URBANA: Solar numero Doscientos Treinta (230) de la manzana R de la Urbanizacin Santa Teresita,radicado en Santurce,Puerto Rico,compuesto de OCHOCIENTOS NUEVE PUNTO VEINTISEIS METROS CUADRADOS (809.2 |
Water Access Y/N | No |
Water View Y/N | No |
Interior Features
Flooring | Ceramic Tile,Concrete |
---|---|
Total Stories | 2 |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Street Suffix | STREET |
LivingAreaSource | Owner |
Living Area Units | Square Feet |
Exterior Features
Parking Features | 6 to 12 Spaces,Common |
---|---|
Lot Features | Corner Lot,Curb and Gutters,Flood Insurance Required,FloodZone,Near Public Transit |
Water Source | Public |
Lot Size Area | 8708 |
Foundation Details | Slab |
Number of Buildings | 2 |
Building Area Total | 4650 |
Lot Dimensions | 809 |
Lot Size Acres | 0.19 |
Road Surface Type | Paved,Asphalt |
Lot Size Units | Square Feet |
Road Frontage Type | Street Paved,Access Road,City Street,State Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool