Investment Opportunity Old San Juan FOR SALE
Property Details
Property Description
The property includes three newly renovated, fully furnished apartments and a fully leased ground-floor commercial space. The apartments are each slightly different, but all have completely new interiors and modern finishes. Together, the space totals 6,500 SF and has the potential to make approx. $15,000 in monthly rental revenue.
The streets of the area are pedestrian-friendly, allowing workers, residents, and workers to explore the district's shops, galleries, restaurants, and attractions at a leisurely pace. The district is home to two impressive forts, Castillo San Felipe del Morro (El Morro) and Castillo San Cristobal, both designated as UNESCO World Heritage Sites.
The district features several plazas and squares, such as Plaza de Armas and Plaza Colón, which serve as gathering places and social hubs. These open spaces are adorned with statues, fountains, and lush greenery, offering peaceful spots to relax and enjoy the surroundings.
Some important companies around the area include Banco Popular de Puerto Rico, Triple-S Management Corporation, Puma Energy Caribbean, and Puerto Rico Electric Power Authority.
This property is also located near San Francisco, Fortaleza, San Sebastian, and Del Cristo streets, which are key streets around the area.
Ground Floor Commercial: 1,600 SF retail space leased through July 2022
Apartment 2B: 580 square feet, full kitchen, 1 bedroom, 1 bathroom, living room, dining room
Apartment 2A: 960 square feet, full kitchen, 2 bedroom, 1 bathroom, living room, dining room
Apartment 3A: 1,800 square feet, full kitchen, 3 bedroom, 2 bathroom, living room, dining room
Highlights:
- Property tax id: 040-002-026-15
- Zoning: C-3 (Commercial)
- Flood: X (non-floodable area)
- Coordinates: 18.46633363, -66.11626494
- Seller Financing: Subject to negotiation
