McLeary CONDADO UNIT 2012

Residential Income

$1,875,000

Property ID:

None

Year Built

2000

Area

4133 Square Feet

Lot Size

0.09 Square Feet

Description

Blocks from Ocean Park beach and only a block away from hip and trendy “Loiza Street”, this multi-unit building, is a great investment opportunity. Featuring 12 units, encompassing both studios and 1-bedroom units, including 12 parking spaces. Presently yielding a $97,000 in annual income through long-term tenants, this investment serves as a testament to stability. However, its allure is further heightened by the promise of future gains. Airbnb gross projections elevate the potential income to an impressive $296,400, unveiling a lucrative avenue for discerning investors.
Strategically positioned near Ocean Park’s vibrant locales, renowned dining establishments, and pristine beaches, the property enjoys a coveted address. The intentional combination of long-term leases and the burgeoning short-term rental market solidifies this investment as a versatile asset in the thriving Ocean Park community.
convenience.

Additional Details

Laundry Features: Other
Cooling: Other
MLS Area Major: 00911 - San Juan
MLS Status: Active
Street Number: McLeary
Directions: Merge onto Expreso Las Américas/PR-18 Take the PR-22 E exit toward Santurce/San Juan/Carolina/Aeropuerto Merge onto Autop. José de Diego/PR-22 Take the Calle del Parque/Calle San Jorge exit toward Centro Gubernamental Take PR-37 to Av. McLeary in Ocean Park
Days on Market: 348
List Agent Preferred Phone: 787-640-2546
Carport Spaces: 12
On Market Date: 2023-12-13
List Agent Email: ima@iliamarhomes.com
List Agent AOR: Puerto Rico
Living Area Source: Appraiser
List AOR: Puerto Rico
Listing Courtesy of: ILIA MARTINEZ & ASSOCIATES
List Office Phone: 787-548-4949
State: PR
Covered Spaces: 12
STELLAR_WaterViewYN:
Lot Size Area: 4240
Street Name: Condado
Utilities: Electricity Connected,Water Connected
Original List Price: 1995000
Lot Size Square Feet: 4240
List Office Contact Preferred: 787-548-4949