Bedrooms
30
Bathrooms
30
Internal area
14,978 sqft
Common area
435 sqft
Introducing a Prime Investment Opportunity in San Juan, Puerto Rico
Are you looking for a profitable venture in the heart of San Juan? This property presents a unique opportunity for a 30-room hotel development or luxury apartments. Located at 206 San Justo, this multi-floor building offers breathtaking views and a street-level entrance that sets the stage for success.
When you invest in this property, you'll also benefit from a tourism tax incentive. With a 40% tax credit on the purchase price and total rehabilitation, you have the potential to maximize your returns. For example, with a purchase of $5 million and an equal investment in rehabilitation, you can receive a tax credit of $4 million, which can then be sold on the open market for $3.5 million. This translates to a net cost of $6.5 million against a property that is projected to be worth at least $13 million or more. By leveraging your investment with a $1 million cash down payment, you can achieve a net return of over $6 million in just 2.5 years.
We are seeking qualified and experienced local developers for a possible partnership. This is a chance to join forces and capitalize on the immense potential of this property. Don't miss out on this exclusive opportunity to make your mark in San Juan's thriving real estate market.
As a buyer's agent, we offer a competitive fee of 3%. Rest assured that you'll have the support and expertise of our team throughout the entire process. For showing instructions and further details, please refer to the MLS notes. The GPS coordinates for the property are 18.464817, -66.117043.
Take the first step towards a lucrative investment in San Juan. Contact us today to explore the possibilities!
Feel like exploring the Dominican? Start the day with a hike on one of Playa Moron’s many trails. Weave your way around the gated community to find secluded sandy coves for swimming and paddleboarding.