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This spacious and well-equipped house is an extraordinary investment opportunity as a fully operational short-term rental, showcasing an impressive 11-12% cap rate. Located within the gates of the exclusive Ocean Park neighborhood of San Juan, which is known for being one of the areas safest and most secure beach side neighborhoods. Situated right in front of the 24-7 guard station of the neighborhood’s security, the property has a lot size of 427.38 m2 and a total of 2,630 sq ft. The main house features 4 bedrooms, 2 full bathrooms, a kitchen, a dining room, and a living room. Additionally, the patio is fully equipped with outdoor furniture, an outdoor shower, and a washer/dryer. Single-owner home since 2017. The interior remained completely dry during Hurricane Maria, thanks to its elevated foundation and desirable raised corner lot. (Photos and an inspection report from a licensed professional in Puerto Rico, documenting the homes condition immediately after the storm, are available upon request.) The patio is positioned in the middle of the main house and the guest casita consists of 1 bedroom, 1 bathroom, a living room, and a kitchen. There are 2 private garage spaces available, as well as street parking right in front of the house. Fully backed up with a generator and water cistern. Overall, this property offers a comfortable and convenient living space in a highly sought-after and secure neighborhood.
Property Details
Price: $1,765,000
Sq Ft: 2,630
($671 per sqft)
Bedrooms: 5
Bathrooms: 4
City: San Juan
County: San Juan
Type: Single Family Reside
Development: Ocean Park
Acres: 0.10
Virtual Tour/Floorplan:
View
Year Built: 1950
Listing Number: PR9102303
Status Code: A-Active
Garage:
2
Pets Allowed: Yes
Interior Features:
Ceiling Fans(s)
Walk-In Closet(s)
Exterior Features:
Courtyard
Outdoor Shower
Equipment:
Freezer
Microwave
Range
Refrigerator
Additional Information:
MLS Area: 00911 - San Juan
Price per Square Feet: $671.10
Water: Private
Construction: Concrete
Date Listed: 2023-10-01 14:44:52
Pool: No
Garage Spaces: 2
Flooring: Tile
Roof: Concrete
Heating: None
Cooling: Ductless
Pets: Yes
Sewer: Public Sewer
Map of 11 Santa Ana Street, San Juan, PR 00911
Listing Courtesy Of: Christies International Real Estate Puerto Rico
lana@cirepr.com