Active

1127 PICCIONI STREET COR

SAN JUAN PR, 00907

$3,200,000


$603.09 per sqft

Active

13 Beds

9 Baths

5,306 sqft

Multi-family

Built in 1959

### An Investor's Dream: Prime Mixed-Use Multifamily Property in Condado

#### Generate Substantial Short-Term Rental Income or Establish Your Commercial Vision

Discover the unparalleled charm of Condado through the doors of this meticulously renovated Art Deco multifamily property. Nestled in the heart of this vibrant tourist hub and just steps away from the iconic La Concha Hotel Beach, this hidden gem is ready to become your next income-generating powerhouse.

### Key Features:
- **Versatile Usage:** Ideal for short-term rentals, commercial purposes like a Med Spa, Medical Office, Wellness Center, Group Rental Business, or a Guest House.
- **Strategic Location:** Situated in a prime area with high foot traffic and tourist appeal.
- **Fully Remodeled:** Recently undergone an extensive renovation, ensuring modern comfort while preserving its historic charm.
- **Grand Reveal:** Scheduled for the first week of December, perfectly timed to capture peak tourist season interest.

### Property Details:
- **Three Distinct Buildings:** A stunning Art Deco architectural masterpiece.
- **Seven Apartment Units:** Featuring a total of 14 bedrooms and 9 bathrooms.
- **Luxurious Amenities:** Brand-new pool and lush patio area for relaxation and leisure.
- **Convenient Parking:** Seven dedicated parking spaces to enhance accessibility.
- **Tax Credits:** Take advantage of the 40% tax credits offered by the Department of Tourism for this type of property.

Whether you're looking to establish a charming guest house or embark on an Airbnb venture, this investment property holds the key to a lucrative and inviting hospitality business. Seize the opportunity to make your mark in Condado's thriving landscape with this fully renovated Art Deco gem. History meets modern sophistication here--your ideal investment awaits in the heart of the Condado experience!

PR9103184

MLS ID

November 18, 2023

Listed

September 18, 2024

Updated

Map

1127 PICCIONI STREET COR
SAN JUAN PR, 00907

Interior Features

Total Stories

2


Bedrooms

13


Total Bathrooms

9


Interior Features

Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo


Appliances

Cooktop, Refrigerator


Laundry Description

Laundry Room, Outside


Floor Description

Terrazzo


Fireplace

No


Cooling

Yes


Cooling Description

Mini-Split Unit(s)


Heating

Yes


Heating Description

Electric, Propane

Exterior/Building Features

Lot Size

628.88 Acres


Exterior Features

Courtyard, Garden, Hurricane Shutters, Outdoor Shower, Private Mailbox, Storage


Lot Features

Corner Lot


Roof

Cement


Sewer

Public Sewer

Other Property Details

Area Name

00907 - San Juan


Days on Market

197


Garage

No


Parking

Ground Level


View

No


County

San Juan


Water Source

Public


Pool

Yes


Pool Features

Gunite, In Ground, Lighting


Zoning

R-3

Listing History

Date

Event

Price

7/12/2024

Price change

$3,200,000

3%

Listed by MARIO MCCANN
Listing Contact: 787-671-1902 

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Data last updated 9/18/2024, 9:03 PM UTC

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