BEST LOCATION: SANTA TERESITA
If you are looking for a valuable property, this is for you. This fantastic property is located just a short walk from the Ocean Park beach and in the gated community of Santa Teresita in San Juan, Puerto Rico. It includes 11 AirBnB apartments and can expand to 14-16 more. There is excellent potential to increase ROI and cash flow.
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 property's main structure combines sleeping accommodations and office spaces, making it perfect for guests working from home. Upstairs, you'll find apartment #1, a 4-bedroom, 3-full bathroom home with a 1,650-square-foot large balcony, a spacious kitchen, a living room, a dining room, and a family room. Apartment #2 is a one-bedroom, one full bathroom. Downstairs, we have nine apartments, all one bedroom and one bathroom.
This property allows you to use it as a big single-family home or operate your business and accommodate employees, guests, and friends in independent units while enjoying lots of privacy. We have architectural and design plans for renovation, including expansion from 11 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 multi-family property with 11 apartments, seven electric meters, and six 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.
This is an excellent 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 revenues--it's the best opportunity in Santa Teresita. The owner is open to financing a portion of the sale price through a Lease-to-Purchase Option. GREAT PRICE