$3,200,000
Active
32 Days Online
13 Beds0 Baths5,306 SQFT
Active

1127 Piccioni Street Corner San Juan, PR 00907

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### An Investor's Dream: Prime Mixed-Use Multifamily Property in Condado #### Generate Substantial Short-Term Rental Income or Establish Your Commercial Vision Discover the unparalleled charm of Condado through the doors of this meticulously renovated Art Deco multifamily property. Nestled in the heart of this vibrant tourist hub and just steps away from the iconic La Concha Hotel Beach, this hidden gem is ready to become your next income-generating powerhouse. ### Key Features: - **Versatile Usage:** Ideal for short-term rentals, commercial purposes like a Med Spa, Medical Office, Wellness Center, Group Rental Business, or a Guest House. - **Strategic Location:** Situated in a prime area with high foot traffic and tourist appeal. - **Fully Remodeled:** Recently undergone an extensive renovation, ensuring modern comfort while preserving its historic charm. - **Grand Reveal:** Scheduled for the first week of December, perfectly timed to capture peak tourist season interest. ### Property Details: - **Three Distinct Buildings:** A stunning Art Deco architectural masterpiece. - **Seven Apartment Units:** Featuring a total of 14 bedrooms and 9 bathrooms. - **Luxurious Amenities:** Brand-new pool and lush patio area for relaxation and leisure. - **Convenient Parking:** Seven dedicated parking spaces to enhance accessibility. - **Tax Credits:** Take advantage of the 40% tax credits offered by the Department of Tourism for this type of property. Whether you're looking to establish a charming guest house or embark on an Airbnb venture, this investment property holds the key to a lucrative and inviting hospitality business. Seize the opportunity to make your mark in Condado's thriving landscape with this fully renovated Art Deco gem. History meets modern sophistication here—your ideal investment awaits in the heart of the Condado experience!

  • Property TypeMulti-Family
  • NeighborhoodCondado
  • CountySan Juan
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site31 Days
  • MLS StatusActive
  • MLS ID NumberPR9103184
  • Home Size Source Appraiser
  • Year Built1959
  • Lot Size628.88 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Concrete
  • Parking Ground Level
  • Sewer Public Sewer
  • Number of Stories 2
  • Acreage 628.88
  • Water Public
  • Property Sub Type Triplex
  • Utilities Electricity AvailableElectricity ConnectedPropaneWater AvailableWater Connected
  • Foundation Concrete Perimeter
  • Zoning R-3
  • Ownership Fee Simple
  • Parcel Number 040-039-023010-802

Interior Features

  • Cooling Mini- Split Unit(s)
  • Heating ElectricPropane
  • Appliances CooktopRefrigerator
  • Flooring Terrazzo
  • Furnished? Furnished
  • Interior Eat-in KitchenHigh CeilingsKitchen/Family Room Combo
  • Laundry Features Laundry RoomOutside
  • Window Features Aluminum FramesImpact Glass/ Storm Windows
  • Fireplace No

Exterior Features

  • Pool true
  • Pool Features GuniteIn GroundLighting
  • Waterfront Property No
  • Private Pool true
  • Exterior CourtyardGardenHurricane ShuttersOutdoor ShowerPrivate MailboxStorage
  • Lot Corner Lot
  • Other Structures Storage

Community Features

  • MLS Area 00907 - San Juan

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Monthly Payment (Est.)

$16,655
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