1 PLACID COURT , San Juan, PR 00907

  • $1,725,000.00
  • $1,925,000.00
  • Address: 1 PLACID COURT
  • City: SAN JUAN
  • State/county: PR
  • Zip/Postal Code: 00907
  • Area: CONDADO

Description

PRICE REDUCED! Under Appraisal Value. Secure your future in one of Puerto Rico’s most desirable neighborhoods. This Condado Greece-Style Multi Unit property is a profitable blend of location, charm, and a proven return on investment. Strategically located just a short walk from the beach and surrounded by a vibrant mix of restaurants, bars, shops, and supermarkets. Its prime location, combined with a quick 10-minute drive from the airport, makes it an ideal spot for high-demand short-term rentals like Airbnb and VRBO.

This expansive 3,467 sq ft colonial building sits on a generous 424.66 square meters lot and features seven distinct units, offering a versatile mix of accommodations.

Unit A: 3 bedrooms, 1 bathroom
Unit B: Efficiency apartment
Unit C: 3 bedrooms, 1 bathroom
Unit D: 1 bedroom, 1 bathroom
Unit E: 1 bedroom, 1 bathroom
Unit F: 1 bedroom, 1 bathroom
Unit G: Efficiency apartment

Unique features include private balconies on three units and a large terrace on another, providing sought-after outdoor space for guests. The property also includes five dedicated parking spaces—a significant advantage in this bustling area.

This property is more than just a beautiful building; it’s a high-performing asset. It currently generates around $200,000 annually from a combination of long-term and short-term rentals. With the potential to transition fully to short-term rentals, the projected annual income is a minimum of $246,000. This makes it a perfect opportunity for both experienced investors and those looking to enter the lucrative Puerto Rico real estate market.

Details

  • Property ID PR9115709
  • Price $1,725,000.00
  • Land Area 0.1 sqft
  • Bedrooms 8
  • Bathrooms 7
  • Garage Size x x
  • Year Built 1960
  • Type Multi Family, Residential Income
  • Property Status Active, For Sale

Additional details

  • Roof Concrete,Shingle
  • Utilities Cable Available,Electricity Available,Electricity Connected,Water Available,Water Connected
  • Sewer Public Sewer
  • Cooling Mini-Split Unit(s)
  • Heating None
  • County San Juan
  • Property Type Residential Income

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All information contained herein is deemed accurate but is to be verified by the purchaser. Buyer's Agent is responsible for their due diligence, including but not limited to verifying community information and rules, square feet, room dimensions and taxes, lot size, utility data, and school assignments. Room sizes and square footage are approximate and should be independently verified by the buyer/buyer's agent.

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