$1,100,000
8 Bed
5 Bath
2,666
0.93 Acre Lot

60 Ismael Rivera Street #1-3, San Juan, Florida 00911

  • Residential Property Type
  • 2,666 Square Footage
  • Alley Access Cars Garage
  • 1970 Year Built
Property Description

The Best Value in Ocean Park – High-Income Property You Can’t Miss!

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 Opportunity.

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 2,666 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 exceptional cash flow through its highly successful Airbnb rentals. The fully remodeled 4-bedroom unit is a standout feature, consistently attracting high demand from short-term renters. With all three units designed as turnkey, rental-ready spaces, this property generates positive cash flow from day one.

Its combination of modern upgrades, prime location, and established rental income makes it the best value in the neighborhood and a perfect addition to any investor’s portfolio. Don’t miss this chance to capitalize on a thriving short-term rental market!

Added Value and Flexibility:
– Ideal for investors or owners who want to live in one unit while renting out the others
– 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!

Basic Details
Residential
For Sale
PR9097979
$1,100,000
City
8
5
2,666
1970
0.93 Acre
Active
5
Single Family Residence
: Concrete
Features
: Above Ground
: None
: Mini-Split Unit(s)
: Masonry, Electric, Fenced
: Covered, Front Porch, Rear Porch
: Alley Access, Off Street, Curb Parking, On Street
: Hurricane Shutters, Lighting, Sidewalk, Balcony, Garden, Private Mailbox, French Doors, Outdoor Grill
: Ceramic Tile, Tile
: High Ceilings, Primary Bedroom Main Floor, Solid Surface Counters, Ceiling Fans(s), Living Room/Dining Room Combo, Smart Home, Solid Wood Cabinets, Stone Counters
: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside, Common Area
: Public Sewer
: Public, Cable Available, Electricity Available, Electricity Connected, Phone Available, Street Lights, Cable Connected, Fiber Optics, Sewer Connected, Water Connected, Water Available, Solar, Sewer Available, Natural Gas Available
: Shutters, Aluminum Frames, Impact Glass/Storm Windows
: Contemporary, Mediterranean
4
Appliances
: Microwave, Range, Electric Water Heater, Dryer, Refrigerator, Washer, Cooktop, Tankless Water Heater, Water Filtration System
Address Map
US
PR
San Juan
San Juan
SAN JUAN-OCEAN PARK
00911
ISMAEL RIVERA
60
STREET
W67° 56' 45.3''
N18° 27' 5.3''
East
Calle Ismael Rivera #60, between Calle Loiza and McLeary Avenue, San Juan, PR 00911 This property is not inside the gated community of Ocean Park; instead, it is between Calle Loiza and McLeary Ave, two blocks away from Kasalta, and five blocks walking distance from Ocean Park Beach.
00911 - San Juan
1-3
RT-3
Additional Info
PUERTO RICO CORPORATE RENTALS
VICTOR ALONSO VEGA
$0
$0
Additional Information
: Concrete, Brick, Cement Siding
: Concrete Perimeter, Brick/Mortar
: Two
: FloodZone
2023-01-05
1050000
2
https://www.propertypanorama.com/instaview/stellar/PR9097979
OCEAN PARK BEACH
: Public
3800
Financial
1200
Listing Information
743575220
743580042
Cash,Owner Financing,Private Financing Available
Active
2024-12-11T15:47:07Z
Stellar
: None
2024-11-22T00:39:34Z
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Contact Us
407-615-0866