Santurce Multi-Unit Residential Building

The Property consists of a two-story structure comprising approximately 8,000 square feet of GBA built in concrete and concrete blocks. The property has a total of ten (10) 1BR-1BA units, four (4) 2BR-1BA units and three (3) 3BR-1BA units for a total of seventeen (17) units. Four of the apartment units have concrete balconies fronting Bolívar Street to its west.

Finishes and interior improvements include protective iron grills, Miami-type windows, French-type windows, exterior wood doors, exterior aluminum doors, an exterior concrete stairwell, ceramic floor tiles, interior wood doors, concrete ceilings, light bulb type lighting, gypsum board partitions, and concrete partitions

The immediate neighborhood is a densely populated urban area, with its boundaries delineated as follows: Juan Ponce de León Avenue (SR-25) to its north; Luis Muñoz Rivera Avenue (SR-1) to its south; José De Diego Expressway (SR-22) to its west and the Sagrado Corazón University to its east. The previous mentioned arteries provide good access characteristics for the Property, easily connecting it with other developments within the San Juan Municipality, and with other arteries that link the Property to other parts of the Island.

The Property’s neighborhood combines a mix of different uses, including commercial, residential, light industrial and public/institutional. Important uses in the area include the Puerto Rico Power Authority (PREPA) central offices, Bellas Artes, Santurce’s market plaza (La Placita), Puerto Rico’s Art Museum, Pavía Hospital, and Walmart Supercenter.

Highlights:

• GBA: 8,000 Square Feet of Construction
• Lot size: 517 Square Meter Site
• Seventeen (17) Residential Units Total
• Ten (10) 1BR Units
• Four (4) 2BR Units
• Three (3) 3BR Units
• Zoning: ZU-R2
• Flood Zone: Zone X (Non-Floodable)
• Topography: Leveled
• Property tax id: 040-090-144-14