Ocean Park OCEAN PARK San Juan, PR 00907
10 Beds
11 Baths
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $450
Subdivision San Juan
MLS Listing ID PR9123488
Bedrooms 10
HOA Y/N No
Year Built 1975
Property Sub-Type Quadruplex
Source Stellar MLS
New Construction false
Property Description
Exceptional opportunity to acquire a fully renovated 10-unit multifamily investment property in Ocean Park, one of San Juan's most desirable coastal neighborhoods and a highly sought-after location for both short- and long-term rentals.
SELLER FINANCING AVAILABLE — A RARE OPPORTUNITY
This property offers the advantage of seller financing, creating a unique entry point for qualified buyers seeking flexible acquisition terms. This structure can significantly enhance accessibility and investment leverage, making this an even more compelling opportunity in today's market. Specific terms and conditions of the seller financing will be discussed directly with the listing agent.
Ideally positioned near the beach, parks, restaurants, cafés, hotels, entertainment venues and San Juan's vibrant nightlife, the property offers guests and residents convenient access to many of the experiences that make the Ocean Park area an attractive place to live, vacation and invest. Its strategic location also provides easy connectivity to Condado, Isla Verde, Santurce and the greater San Juan metropolitan area.
The property consists of 10 completely modernized apartments and is currently operating with a combination of short-term and long-term rentals, providing flexibility to diversify income and adapt the rental strategy according to market demand.
The apartments have been extensively updated, and the furnishings have also been recently renovated, allowing the property to continue operating as a turnkey hospitality and rental investment.
Additional features include:
* 10 modernized apartment units
* Established short-term and long-term rental operation
* Recently renovated furnishings
* Full backup power generator
* Water cistern
* On-site parking
* Private covered parking/carport
* Strong historical rental performance
* Established operating history
* Excellent location near Ocean Park Beach
* Proximity to restaurants, hotels, parks, entertainment and nightlife
* Potential to increase occupancy, average length of stay and overall rental revenue
With an established production history and existing rental operation, the property provides an investor with the opportunity to acquire an income-producing asset while still offering additional upside through revenue management, increased occupancy and longer guest stays.
Ocean Park continues to stand out as one of San Juan's most appealing neighborhoods because of its combination of urban lifestyle and beach accessibility. Residents and visitors can enjoy the Caribbean coastline while remaining minutes from some of the metropolitan area's most active dining, hospitality and entertainment districts.
This is an excellent opportunity for an investor seeking a turnkey multifamily property with diversified rental income, established performance, seller financing flexibility, and additional growth potential in one of San Juan's premier coastal locations.
Investment Property | 10 Units | Ocean Park | San Juan, Puerto Rico
Location
State PR
County San Juan
Community San Juan
Area 00907 - San Juan
Zoning RT-3
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Mini-Split Unit(s)
Fireplace false
Laundry Inside
Exterior
Exterior Feature Balcony, Courtyard, Dog Run, Garden, Storage
Garage Spaces 3.0
Utilities Available Electricity Available, Electricity Connected, Emergency Power, Fiber Optics, Sewer Available, Sewer Connected
View Y/N No
Water Access No
Roof Type Concrete
Attached Garage true
Garage true
Private Pool No
Building
Foundation Concrete Perimeter
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9123488
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