$2,199,000
Active · 52 days on market · MLS# MFRPR9121619
| Bedrooms | 13 |
|---|---|
| Bathrooms | 8 |
| Living area | 3,553 sq ft |
| Lot size | 0.06 acres |
| Year built | 2016 |
| Property type | Condo - Hotel |
| Private pool | Yes |
| Waterfront | Yes |
| County | San Juan |
Income-producing 8-unit multifamily property in a prime location just steps from Calle Loíza. With no HOA fees and no short-term rental restrictions, this is an exceptional investment opportunity in one of San Juan’s strongest and most sought-after rental markets. The property consists of four 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two 3-bedroom/1-bath units, offering 3,553 sqft of living area on a 286 sqm lot. Features include separate entrances, remodeled kitchens, split-unit A/Cs, balconies, laundry areas, a water cistern, portable backup generator, and comes fully furnished and equipped for immediate operation. Currently operated as a mix of short-term and long-term rentals, with five units active on STR platforms and three units leased long term. The property achieved approximately 85% occupancy and generated $363,500 in gross income during 2025, demonstrating a strong track record and attractive cap rate. Based on current performance trends, 2026 is expected to outperform 2025. Additionally, there is significant upside potential, as converting the remaining long-term rental units to short-term rentals could further increase revenue and overall returns. Ideally located near beaches, restaurants, nightlife, hotels, parks, pharmacies, shopping, and major attractions. Separate parking lot available. Showings by appointment only and scheduled between guest stays. Proof of funds required prior to showings. Contact the listing agents for additional information.
Listing courtesy of Adriana Portilla Anasagasti, BLUE WATERS REALTY. Presented by MC Homes Realty Inc · 727432218.