Caribbean MLSReal Estate

Multifamily Property in Prime San Juan Location

Not published

The brief

The reason to consider it.

Invest in this multifamily property located at 149 Calle Delbrey in Santurce, San Juan, Puerto Rico. This solid investment features 5 bedrooms and 4 bathrooms, with approximately 2,400 sq. ft. of living space on a 413 sqm lot.

Comprising 4 distinct rental units (two 3-bed/1-bath, one studio, and one 1-bed/1-bath), the property is currently generating approximately $14,000 per month in rental income, making it ideal for both long-term and short-term (Airbnb) rentals.

The property boasts a remodeled kitchen, a comfortable layout, and gated parking. Its prime Santurce location near hospitals, main roads, and shopping centers ensures high demand and consistent cash flow.

Last confirmed

Type
Apartment
Land
4,445 ft²
Year built
Available on request

What this listing includes

  • Air conditioning
  • Parking
  • 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