Address189 Jose Padin, SAN JUAN, PR, 00919

Price$975,000

  • 1 Beds
  • 9 Baths
  • Income
  • 3,031 SQ FT
  • Built in 1970

We present an unparalleled investment opportunity in the vibrant heart of Hato Rey. This turnkey multi-family property boasts nine units, comprising eight studios and one spacious one-bedroom apartment. Each unit has been meticulously remodeled to the highest standards, ensuring residents' optimal comfort and modern living. Our property is fully occupied and generates robust and consistent income streams from long-term rentals. However, our vision extends far beyond the present. With the rising demand for short-term rentals in the area, fueled by tourism and business travel, we envision a seamless transition to capitalize on this lucrative market segment. One of the key highlights of our property is its sustainability feature. Equipped with state-of-the-art 10K watts solar panels, our property operates entirely off the grid, providing full power autonomy to all units. This reduces operational costs and aligns with eco-conscious living, a growing trend among tenants and investors alike. Moreover, our commitment to impeccable maintenance ensures that the property retains its pristine condition, safeguarding the investment and the tenant experience. Situated in the bustling district of Hato Rey, our location offers unparalleled convenience and access to many amenities, including renowned restaurants, shopping centers, educational institutions, and transportation hubs. This investment opportunity presents a compelling blend of stability, growth potential, and sustainability. With a solid foundation and our strategic vision to tap into the burgeoning short-term rental market, investors can expect lucrative returns and long-term value appreciation. Join us in redefining urban living in Hato Rey and unlocking the full potential of this exceptional property.

Essential Information

  • MLS® #PR9104739
  • Price$975,000
  • Bedrooms1
  • Bathrooms9.00
  • Square Footage3,031
  • Acres0.09
  • Price/SqFt$322 USD
  • Year Built1970
  • TypeIncome
  • Sub-TypeMulti-Family
  • StatusActive

Community Information

  • Address189 Jose Padin
  • AreaSan Juan
  • SubdivisionJUAN B. HUYKE
  • CitySAN JUAN
  • CountySan Juan
  • StatePR
  • Zip Code00919

Amenities

  • ParkingOn Street

Interior

  • Interior FeaturesOpen Floorplan
  • HeatingNone
  • CoolingMini-Split Unit(s)

Exterior

  • RoofCement
  • FoundationSlab

Additional Information

  • Date ListedFebruary 20th, 2024
  • Days on Market86
  • ZoningR-3

Listing Details

  • OfficeAGUDO PROPERTIES, LLC

Exterior Features

Awning(s), Balcony, Courtyard, Sidewalk

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Price Change History for 189 Jose Padin, SAN JUAN, PR (MLS® #PR9104739)

Date Details Change
Price Reduced from $1,195,000 to $975,000 $220,000 (18.41%)
Price Reduced from $1,400,000 to $1,195,000 $205,000 (14.64%)

Similar Listings To: 189 Jose Padin, SAN JUAN

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