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