Active

60 ISMAEL RIVERA ST #1-3

SAN JUAN PR, 00911

$1,100,000


$412.60 per sqft

Active

8 Beds

5 Baths

2,666 sqft

Residential

Built in 1970

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!

PR9097979

MLS ID

January 5, 2023

Listed

December 11, 2024

Updated

Map

60 ISMAEL RIVERA ST #1-3
SAN JUAN PR, 00911

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

5


Full Bathrooms

5


Interior Features

Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Stone Counters


Appliances

Cooktop, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Filtration System


Laundry Description

Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Outside, Washer Hookup


Floor Description

Ceramic Tile, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Mini-Split Unit(s)


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.09 Acres


Exterior Features

Balcony, French Doors, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Private Mailbox, Sidewalk


Lot Features

Flood Zone


Architectual Style

Contemporary, Mediterranean


Roof

Concrete


Sewer

Public Sewer

Other Property Details

Area Name

00911 - San Juan


Taxes

$1,200


Tax Frequency

Annually


Days on Market

655


Association Fee Frequency

Monthly


Garage

No


Parking

Alley Access, Curb Parking, Off Street, On Street


View

Yes


View Description

City


County

San Juan


Municipality

SJ


Water Source

Public


Pool

No


Pool Features

Above Ground


Zoning

RT-3

Green Building Features

Green Features

Solar

Listing History

Date

Event

Price

11/25/2024

Price change

$1,100,000

4%

11/25/2024

Price change

$1,050,000

5%

Listed by PUERTO RICO CORPORATE RENTALS
Listing Contact: 787-525-4364 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Maria Del Mar Ortiz participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2025 Stellar MLS. All rights reserved. 

Data last updated 12/11/2024, 4:27 PM UTC

Powered byLuxury Presence