60 Ismael Rivera Street #1-3San Juan, PR 00911
This property is a great investment opportunity, whether you're looking for a short-term or long-term rental income. It consists of three Mediterranean-style structures built over a 378-square-meter lot, with approximately 3, 800 square feet of construction, four parking spaces, a TESLA battery, and 38 solar panels connected to a Net Metering system that will significantly reduce electricity bills. The property also includes an outdoor entertainment area. Ocean Park Beach 4 blocks away. The main building has two independent units. The first unit on the ground floor has four remodeled bedrooms, two full bathrooms, a living/dining room, a full kitchen, and a porch in front. Each of the bedrooms and the living room has an AC split unit. The second-floor unit features three bedrooms, two full bathrooms, and a spacious open-layout kitchen with access to the balcony, living, dining, and family room. The perfect location. The second building, located at the back of the property, has one bedroom and one bathroom. Owners can live in the main building and operate their business or rent the units to generate additional income. The 4-bedroom unit has been fully remodeled and rented on a short-term basis. We estimate this property can generate a gross income of between $12, 000 and $14, 000 per month. It is perfect for short-term rentals like Airbnb and is a sought-after area for tourists and relocations. The property is in a great community, "There are many restaurants located within a short walking distance from here.", cafes, fresh food markets, parks, and shopping. There are also great nightlife activities, including cultural and music nights at La Placita or Ventana al Mar in Condado. There is an area in the back where a small pool can be put. All three apartments are turn-key, ready for rentals, and generating very attractive cash flow. Tax incentives may apply. The price is not subject to appraisal. Please call for a private appointment.
- Property TypeSingle Family Home
- NeighborhoodSan Juan
- CountySan Juan
- Taxes$1,200
- HOA/Condo/Coop Fees$0
- Days on Site372 Days
- MLS StatusActive
- MLS ID NumberPR9097979
- Home Size Source Owner
- Year Built1970
- Lot Size0.93 Acres
- Full Baths5
- Partial BathsN/A
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General Features
- Style ContemporaryMediterranean
- Construction BrickCement SidingConcrete
- Parking Alley AccessCurb ParkingOff StreetOn Street
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.93
- Water Public
- Security Key Card EntrySecurity Fencing/ Lighting/ AlarmsSecured Garage / ParkingSecurity GateSecurity LightsSecurity SystemSmoke Detector(s)
- Property Sub Type Single Family Residence
- Attached Garage No
- Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailablePhone AvailableSewer AvailableSewer ConnectedWater AvailableWater Connected
- Foundation Brick/ MortarConcrete Perimeter
- Zoning RT-3
- Direction Faces East
- Minimum Lease No Minimum
- Ownership Fee Simple
- Parcel Number 041-042-615-08-001
Interior Features
- Cooling Mini- Split Unit(s)
- Heating None
- Appliances CooktopDryerElectric Water HeaterMicrowaveRefrigeratorTankless Water HeaterWasherWater Filtration System
- Flooring Ceramic TileTile
- Interior Ceiling Fans(s)High CeilingsLiving Room/Dining Room ComboPrimary Bedroom Main FloorSmart HomeSolid Surface CountersSolid Wood CabinetsStone Counters
- Laundry Features Common AreaElectric Dryer HookupGas Dryer HookupOutsideWasher Hookup
- Window Features Aluminum FramesImpact Glass/ Storm WindowsShutters
- Fireplace No
Exterior Features
- Roof Concrete
- View City
- Fencing ElectricFencedMasonry
- Waterfront Property No
- Exterior BalconyFrench DoorsGardenHurricane ShuttersLightingOutdoor GrillPrivate MailboxSidewalk
- Lot Flood Zone
- Patio And Porch CoveredFront PorchRear Porch
- Other Structures CabanaGazebo
Community Features
- Pets Cats O KDogs O KYes
- Township Sa
- Senior Community No
- MLS Area 00911 - San Juan
- Security Features Key Card EntrySecurity Fencing/ Lighting/ AlarmsSecured Garage / ParkingSecurity GateSecurity LightsSecurity SystemSmoke Detector(s)