Bedrooms
14
Bathrooms
9
Internal area
9,200 sqft
Experience the Best of Old San Juan Living at 251 Fortaleza Street, Puerto Rico
Discover the perfect investment opportunity at 251 Fortaleza Street in Old San Juan, Puerto Rico. This mixed-use property offers a highly sought-after location on Fortaleza Street, known for its vibrant atmosphere and historic charm. With over 3000 sq ft of commercial space, this property boasts high ceilings and excellent street exposure, making it ideal for businesses looking to thrive in this bustling area.
This property offers a unique combination of commercial and residential spaces. The second and third floors feature five fully furnished apartment units with kitchenettes and a pleasant common area. The third floor also provides access to a rooftop terrace that overlooks Fortaleza Street, offering breathtaking views of the surrounding area.
With its prime location and busy tourist activity, this property is an excellent investment opportunity. Currently operating as a successful Airbnb, the property generates a steady monthly income. The two commercial spaces with large display windows in the Jewelers block provide additional income potential. The property is managed by a local management company and has a net income of $365K+ per year, offering a 10% cap rate. Cash only.
Don't miss the chance to own this prime mixed-use property in Old San Juan. The land measures 244.02m2, and the GPS coordinates are 18.465157, -66.115027. Buyer agent fee is 3%. For showing instructions, please see MLS notes.
Contact us today to seize this incredible investment opportunity!
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