About 2260 Cacique Street 9
BEST LOCATION: SANTA TERESITA
If you are looking for a property with great value, this is the one for you. This amazing property is located just a short walk away from the Ocean Park beach and is situated in the gated community of Santa Teresita in San Juan, Puerto Rico. It includes 9 AirBnB apartments and offers the potential to expand to 14-16 more apartments.
With a lot size of 809 square meters (one of the largest in Santa Teresita), this investment property boasts 4,650 sq. ft. of construction, 10-12 parking spaces, an outdoor entertainment area, and a laundry/storage room.
The main structure of the property combines sleeping accommodations and office spaces, making it perfect for guests who want to work from home. Upstairs, you'll find a
Apartment #1. A 4-bedrooms, 3-full bathrooms with a large balcony of 1,650 sqft, a spacious kitchen, a living room, a dining room, and a family room.
Apartment #2-Also on the second floor, a one-bedroom apartment with a terrace.
Downstairs, there are
Apartment #3- A one-bedroom, one-bathroom
Apartment ##5, A one-bedroom, one-bathroom
Apartment #6 A one-bedroom, one-bathroom
Apartment #7), one two-bedroom, one-bathroom
Apartment #8, A two bedrooms, one bathroom
The second structure of the property has:
Apartment #9 A one-bedroom, one bathroom
Apartment #10 A one bedroom, one bathroom.
This property gives you the flexibility to use it as a big single-family home or operate your business and accommodate employees, guests, and/or friends in independent units while enjoying lots of privacy. We have architectural and design plans for renovation, including expansion from 9 apartments to 14-16 separate units, a pool, and a large terrace. A tax incentive may apply. Please call us for a private appointment.
Qualified buyers must have proof of funds,this is a multifamily property with 9 apartments, 7 electric meters, and 6 water meters. Financing must be commercial or private, and the price is not subject to appraisal. This property is an income-producing investment and comes turnkey-ready with a proven track record. Occupancy 65% to 85%
Great investment for Act 20-22-60 tax incentives. Owner financing is available to qualified buyers. Please note that proof of funds is required for an appointment.
This property offers lots of potential to be developed and increase revenews.
