8 Beds
5 Baths
3,600 SqFt
8 Beds
5 Baths
3,600 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $305
Subdivision San Juan-Ocean Park
MLS Listing ID PR9097979
Bedrooms 8
Full Baths 5
HOA Y/N No
Originating Board Stellar MLS
Year Built 1970
Annual Tax Amount $1,200
Lot Size 0.930 Acres
Acres 0.93
Property Description
Address: Calle Ismael Rivera #60, between Calle Loiza and McLeary Avenue, San Juan, PR 00911
This is a one-of-a-kind investment opportunity in San Juan’s highly sought-after Ocean Park neighborhood. Whether looking for short-term or long-term rental income, this property delivers unmatched value and revenue potential. Properties like this don’t come around often—act now before it’s gone! Investment
Prime Location:
This property is located just four blocks from Ocean Park Beach in a vibrant community with easy access to trendy cafes, fresh food markets, parks, shopping, and various restaurants. The area also offers exciting nightlife, including cultural and music events at nearby La Placita and Ventana al Mar in Condado.
Unbeatable Property Features:
This Mediterranean-style compound sits on a 378-square-meter lot with approximately 3,800 square feet of construction, offering:
- Three independent apartments for maximum rental flexibility
- Four parking spaces
- 32 solar panels, two electric meters, and one Net Metering system significantly reducing electricity costs
- Two Tesla batteries under lease for reliable power backup
- A spacious outdoor entertainment area with room to add a pool
The Units:
Main Building – Ground Floor Unit:
- 4 remodeled bedrooms, two full bathrooms
- Living/dining room, full kitchen, and a charming porch
- AC split units in all bedrooms and living areas
Main Building – Second Floor Unit:
- 3 bedrooms, two full bathrooms
- Open-layout kitchen with access to a balcony, living, dining, and family room
Second Building (Back of Property):
- 1-bedroom, 1-bathroom unit, ideal for additional rental income
Why This Property Stands Out:
This property generates $13,000 monthly in Airbnb rental income, making it the best value in the neighborhood. No other property with this type of income potential is selling for less. The 4-bedroom unit has been fully remodeled and is highly sought after for short-term rentals like Airbnb. From day one, all three units are turn-key, rental-ready, and cash-flow positive.
Added Value and Flexibility:
- Ideal for investors or owners who want to live in one unit while renting out the others
- Tax incentives may apply, adding even more value to your investment
- Opportunity to build a pool in the outdoor area to enhance revenue and property appeal
Why Sell Such a Gem?
The owners are developing another property, which is the only reason this cash cow is on the market. Otherwise, it’s the kind of investment they’d never part with.
Investment Details:
- Cash-only or owner financing is available with a half-down payment
- Price is not subject to appraisal
- Available for serious buyers only with proof of funds
Act Now – This Won’t Last!
This is your chance to own Ocean Park's best-value income-generating property. With a prime location, unmatched rental income, and exceptional features, this property is a no-brainer for savvy investors.
Call today to schedule your private showing and secure this incredible opportunity before someone else does! Don’t wait—this property is a rare find!
Location
County San Juan
Community San Juan-Ocean Park
Zoning RT-3
Rooms
Other Rooms Garage Apartment
Interior
Interior Features Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
Heating None
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile, Tile
Furnishings Negotiable
Fireplace false
Appliance Cooktop, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Filtration System
Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Outside, Washer Hookup
Exterior
Exterior Feature Balcony, French Doors, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Private Mailbox, Sidewalk
Parking Features Alley Access, Curb Parking, Off Street, On Street
Fence Electric, Fenced, Masonry
Pool Above Ground
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Natural Gas Available, Phone Available, Public, Sewer Available, Sewer Connected, Solar, Street Lights, Water Available, Water Connected
View City
Roof Type Concrete
Porch Covered, Front Porch, Rear Porch
Attached Garage false
Garage false
Private Pool No
Building
Lot Description FloodZone
Story 2
Entry Level Two
Foundation Brick/Mortar, Concrete Perimeter
Lot Size Range 1/2 to less than 1
Builder Name Ocean Park
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Mediterranean
Structure Type Brick,Cement Siding,Concrete
New Construction false
Others
Pets Allowed Cats OK, Dogs OK, Yes
Senior Community No
Pet Size Medium (36-60 Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Owner Financing, Private Financing Available
Membership Fee Required None
Listing Terms Cash, Owner Financing, Private Financing Available
Num of Pet 10+
Special Listing Condition None
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