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San Juan,PR 00911
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,435 sqft
Price per Sqft $470
Subdivision Ocean Park
MLS Listing ID PR9117458
HOA Fees $100/mo
HOA Y/N Yes
Annual Recurring Fee 1200.0
Year Built 1970
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Exceptional investment opportunity in San Juan, located on Calle Tapia just steps from the beach in the highly desirable Ocean Park and Condado corridor. This fully remodeled 9-unit multifamily property offers a versatile mix consisting of one three-bedroom residence, seven one-bedroom units, and one studio, all thoughtfully updated with contemporary and durable finishes ideal for high-occupancy rentals. The structure has been comprehensively modernized and features a full-power diesel generator, water cistern, and five on-site parking spaces with additional street parking available, a valuable amenity in this gated beachside community. Its privileged location provides immediate access to Ocean Park's walkable residential charm, boutique cafés, and popular kitesurfing beach while being moments from Condado's hotels, restaurants, designer shopping, and wellness centers. The property is only a short distance from the newly renovated Parque Barbosa, a state-of-the-art recreational hub with running tracks, fitness areas, sports courts, shaded seating, and family-friendly green spaces, further strengthening rental appeal for both short-term and long-term residents seeking an active coastal lifestyle. Adding to its value, the property qualifies for Puerto Rico's Tourism Tax Credit Program, capital improvements, and many other elegible operational and improvement expenses, making it a rare investment with accelerated returns and long-term appreciation potential. HOA is $130 monthly and CRIM is $4,600 annually.
Location
State PR
County San Juan
Community Ocean Park
Area 00911 - San Juan
Zoning RT-3
Interior
Interior Features Kitchen/Family Room Combo,Living Room/Dining Room Combo,Primary Bedroom Main Floor,Solid Surface Counters,Solid Wood Cabinets,Window Treatments
Heating None
Cooling Mini-Split Unit(s),Wall/Window Unit(s)
Flooring Ceramic Tile
Fireplace false
Appliance Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Exhaust Fan,Freezer,Gas Water Heater,Indoor Grill,Microwave,Range,Range Hood
Laundry Laundry Room
Exterior
Exterior Feature Awning(s),Balcony,Lighting,Outdoor Shower,Private Mailbox,Sidewalk
Garage Spaces 5.0
Community Features Street Lights
Utilities Available BB/HS Internet Available,Cable Available,Cable Connected,Electricity Available,Electricity Connected,Fiber Optics,Phone Available,Sewer Available,Sewer Connected,Water Available,Water Connected
Water Access Yes
Water Access Desc Beach
Roof Type Concrete
Attached Garage true
Garage true
Private Pool No
Building
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Pets Allowed Yes
Ownership Fee Simple
Monthly Total Fees $100
Membership Fee Required Required
Special Listing Condition None