$1,875,000
Active · 552 days on market · MLS# MFRPR9103573
| Bedrooms | 0 |
|---|---|
| Living area | 4,133 sq ft |
| Lot size | 0.09 acres |
| Year built | 2000 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $1,500 |
| County | San Juan |
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.
Listing courtesy of Ilia Martinez Carn, ILIA MARTINEZ & ASSOCIATES. Presented by MC Homes Realty Inc · 727432218.