3 Beds
2 Baths
965 SqFt
3 Beds
2 Baths
965 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 965 sqft
Price per Sqft $284
Subdivision Condado
MLS Listing ID PR9107282
Bedrooms 3
Full Baths 2
HOA Fees $180/mo
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1960
Annual Tax Amount $1,083
Property Description
This is your chance to secure an exceptional property in one of San Juan's most desirable locations. This turn-key, move-in-ready Airbnb property offers unbeatable value, incredible income potential, and a prime location.
This is a value proposition. If you're looking for perfection, this is not for you. However, if you have the vision and understand the short-term rental business, this is precisely what you've been searching for. We are looking for cash buyers only or taking advantage of owner financing with just 20% down. With only 20% down and owner financing for the balance, this is an excellent opportunity to close fast. This could be a cash cow with 15+ Cap with a few improvements.
Strategically located at the corner of 124 Condado Street and Ribot Street, San Juan, PR 00907, this property offers an unbeatable location in one of San Juan's most vibrant neighborhoods.
Unmatched Location
This property is five blocks from Ashford Avenue, Condado Beach, luxury hotels, and casinos. It's the ideal location for attracting tourists and business travelers looking for convenience and proximity to San Juan's best attractions.
Outstanding Features
- Spacious design: 965 square feet of comfortable living space, perfect for families or groups
- Fully air-conditioned: Inverter AC units in every room and the living area
- Included appliances: Refrigerator, stove, microwave, washer, and dryer
- Optional furniture package: King and queen beds, dining table, sectional sofa, and more
- Private parking: One assigned space for added convenience
The HOA is also committed to significant improvements, including exterior repairs and a fresh coat of paint. These upgrades will enhance the property's value and curb appeal, making it an even wiser investment.
Why This Property Stands Out
- Prime location: Minutes from Walmart, restaurants, banks, and the lively Miramar neighborhood
- Ready to earn: Fully equipped and prepared to generate rental income immediately
- Booming area: Rapid gentrification and a growing Airbnb market ensure high demand
Key Details
- Asking price: $275,000 (not subject to appraisal)
- Serious buyers must provide proof of funds for 20%
Act Fast – Opportunities Like This Are Rare
Don't miss this chance to own an income-generating property in one of Puerto Rico's fastest-growing rental markets. Whether you're a seasoned investor or just starting in short-term rentals, this property is the ideal choice for generating income and building your portfolio.
Contact us today to schedule a showing-"Property with a prime location, exceptional income potential, and outstanding value."
Location
State PR
County San Juan
Community Condado
Zoning RESI
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Window Treatments
Heating None
Cooling Mini-Split Unit(s)
Flooring Ceramic Tile
Furnishings Negotiable
Fireplace false
Appliance Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Balcony
Community Features Association Recreation - Lease
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Sewer Available, Sewer Connected, Street Lights, Water Available, Water Connected
Roof Type Concrete
Garage false
Private Pool No
Building
Story 8
Entry Level One
Foundation Slab
Builder Name CONDOMINIO SAN GABRIEL
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Pets Allowed Cats OK, Dogs OK
HOA Fee Include Maintenance Structure,Management,Sewer
Ownership Condominium
Monthly Total Fees $180
Acceptable Financing Cash, Conventional, FHA, Owner Financing
Membership Fee Required Required
Listing Terms Cash, Conventional, FHA, Owner Financing
Special Listing Condition None
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Agent | License ID: 260032061