$3,249,000
Active · 110 days on market · MLS# MFRPR9117458
| Bedrooms | 0 |
|---|---|
| Living area | 7,435.26 sq ft |
| Lot size | 0.11 acres |
| Year built | 1970 |
| Property type | Multi-Family 5+ |
| Garage spaces | 5 |
| Private pool | Yes |
| Waterfront | Yes |
| HOA fee | $100 |
| County | San Juan |
Exceptional investment opportunity in San Juan, located on Calle Tapia just steps from the beach in the highly desirable Ocean Park and Condado corridor. This fully remodeled 9-unit multifamily property offers a versatile mix consisting of one three-bedroom residence, seven one-bedroom units, and one studio, all thoughtfully updated with contemporary and durable finishes ideal for high-occupancy rentals. The structure has been comprehensively modernized and features a full-power diesel generator, water cistern, and five on-site parking spaces with additional street parking available, a valuable amenity in this gated beachside community. Its privileged location provides immediate access to Ocean Park’s walkable residential charm, boutique cafés, and popular kitesurfing beach while being moments from Condado’s hotels, restaurants, designer shopping, and wellness centers. The property is only a short distance from the newly renovated Parque Barbosa, a state-of-the-art recreational hub with running tracks, fitness areas, sports courts, shaded seating, and family-friendly green spaces, further strengthening rental appeal for both short-term and long-term residents seeking an active coastal lifestyle. Adding to its value, the property qualifies for Puerto Rico’s Tourism Tax Credit Program, capital improvements, and many other elegible operational and improvement expenses, making it a rare investment with accelerated returns and long-term appreciation potential. HOA is $130 monthly and CRIM is $4,600 annually.
Listing courtesy of Luis Gonzalez Diaz, ARK REAL ESTATE. Presented by MC Homes Realty Inc · 727432218.