60 ISMAEL RIVERA STREET #1-3
San Juan, PR 00911
3800 sqft | 8 beds | 5 baths | 0.93 acres | #PR9097979
Description
The Best Value in Ocean Park – High-Income Property You Can’t Miss!
Address: Calle Ismael Rivera #60, between Calle Loiza and McLeary Avenue, San Juan, PR 00911
This is a one-of-a-kind investment opportunity in San Juan’s highly sought-after Ocean Park neighborhood. Whether looking for short-term or long-term rental income, this property delivers unmatched value and revenue potential. Properties like this don’t come around often—act now before it’s gone!
Prime Location:
This property is located just four blocks from Ocean Park Beach in a vibrant community with easy access to trendy cafes, fresh food markets, parks, shopping, and various restaurants. The area also offers exciting nightlife, including cultural and music events at nearby La Placita and Ventana al Mar in Condado.
Unbeatable Property Features:
This Mediterranean-style compound sits on a 378-square-meter lot with approximately 3,800 square feet of construction, offering:
- Three independent apartments for maximum rental flexibility
- Four parking spaces
- 32 solar panels, two electric meters, and one Net Metering system significantly reducing electricity costs
- Two Tesla batteries under lease for reliable power backup
- A spacious outdoor entertainment area with room to add a pool
The Units:
Main Building – Ground Floor Unit:
- 4 remodeled bedrooms, two full bathrooms
- Living/dining room, full kitchen, and a charming porch
- AC split units in all bedrooms and living areas
Main Building – Second Floor Unit:
- 3 bedrooms, two full bathrooms
- Open-layout kitchen with access to a balcony, living, dining, and family room
Second Building (Back of Property):
- 1-bedroom, 1-bathroom unit, ideal for additional rental income
Why This Property Stands Out:
This property generates $13,000 monthly in Airbnb rental income, making it the best value in the neighborhood. No other property with this type of income potential is selling for less. The 4-bedroom unit has been fully remodeled and is highly sought after for short-term rentals like Airbnb. From day one, all three units are turn-key, rental-ready, and cash-flow positive.
Added Value and Flexibility:
- Ideal for investors or owners who want to live in one unit while renting out the others
- Tax incentives may apply, adding even more value to your investment
- Opportunity to build a pool in the outdoor area to enhance revenue and property appeal
Why Sell Such a Gem?
The owners are developing another property, which is the only reason this cash cow is on the market. Otherwise, it’s the kind of investment they’d never part with.
Investment Details:
- Cash-only or owner financing is available with a half-down payment
- Price is not subject to appraisal
- Available for serious buyers only with proof of funds
Act Now – This Won’t Last!
This is your chance to own Ocean Park's best-value income-generating property. With a prime location, unmatched rental income, and exceptional features, this property is a no-brainer for savvy investors.
Call today to schedule your private showing and secure this incredible opportunity before someone else does! Don’t wait—this property is a rare find!
Interior Details
- InteriorCeiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, S
Beds & Baths
- Bedrooms8
- Bathrooms5
- Full Baths5
Property Details
- Exterior MaterialsBalcony, French Doors, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Private Mailbox, Sidewalk
- Lot DescriptionFloodZone
- ViewCity
- Stories2
Measurements
- Acres0.93
- Square Feet3800
Construction Details
- Property TypePurchase
Condition
- Year Built1970
Material information
- FoundationBrick/Mortar, Concrete Perimeter
Utilities / Energy Details
- Utility FeaturesCable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Natural Gas Available, Phone Avail
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionSAN JUAN-OCEAN PARK
Location
- CountySan Juan
Financial Details
- Original List Price$1,050,000
- Taxes Annual$1,200
- Days on Market (Cumulative)639
Restrictions
- Pets AllowedCats OK, Dogs OK, Yes
Other
- MLS #PR9097979
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Susan Camus | Imagine Properties
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: VICTOR ALONSO VEGA (#MFR743575220)
Listing Office: PUERTO RICO CORPORATE RENTALS (#MFR743580042)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.