Caribbean MLSReal Estate

Investment Building in the Heart of Santurce, San Juan

Not published

The brief

The reason to consider it.

Excellent opportunity in Nueva Street in Santurce. This property has three independent apartments:

Two 2 bedroom units

One 3 bedroom unit

Each apartment with its respective bathroom, offers comfortable spaces, remodeled areas and details ready to rent or customize. The building has balconies, equipped kitchen in one of the units, renovated bathrooms and modern floors. Privileged location in downtown area, steps away from stores, restaurants, universities and main roads of San Juan, ideal for generating short or long term income. This property is perfect for investors looking for high profitability in one of the most dynamic areas of Puerto Rico.

Last confirmed

Year built
1900
Type
Apartment
Use
Mixed use
Tenants
3
Parking
0
Interior
Available on request
Land
Available on request

What this listing includes

  • Balcony
  • Kitchen

What people say about Puerto Rico

Accounts from Puerto Rico agree on one point above all: the electric grid.

  • Concern Unreliable grid and outages; backup power treated as a normal ownership cost
  • Concern Hurricane and flood exposure; insurance limits, exclusions and timing need checking before buying
  • Positive Foreign buyers can hold title; purchase runs through option contract, title study and attorney-notary
  • Mixed Act 60 incentives still attract buyers but are narrowing and conditional for new applicants

Read what people say, based on 11 sources

Cost of entry

The asking price is not what it costs.

What completing costs

US dollars

Who bears the transfer cost is market practice, not law