Caribbean MLSReal Estate

Prime Income-Generating Property Near UPR

Not published

The brief

The reason to consider it.

This exceptional income-generating property, located in a highly sought-after area across from PR-25 and UPR, offers a unique investment opportunity. With 20 residential units, including 15 spacious three-bedroom apartments and 5 two-bedroom units, it is currently generating approximately $20,000 in monthly rental income, with only 2 vacant units. A commercial space adds further potential for income. Each unit features individual power and water meters, and ongoing renovations ensure modern living spaces with new appliances and fresh paint. A new elevator, being installed by Deya, will be ready by October, adding even more value to the property. Additionally, a stunning mural by a local artist enhances the building’s aesthetic appeal. This is a rare chance to acquire a turnkey investment in a prime location with long-term growth potential.

Last confirmed

Year built
1900
Type
Commercial
Use
Mixed use
Occupancy
90%
Parking
0
Interior
Available on request
Land
Available on request

What this listing includes

  • Elevator
  • Parking

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