Ocean Park Ocean Park,SAN JUAN, PR 00907
SAN JUAN, PR 00907
Description
TURNKEY 10-UNIT INVESTMENT PROPERTY | OCEAN PARK, SAN JUAN Exceptional opportunity to acquire a fully renovated 10-unit multifamily investment property in Ocean Park, one of San Juan's most desirable coastal neighborhoods and a highly sought-after location for both short- and long-term rentals. SELLER FINANCING AVAILABLE - A RARE OPPORTUNITY This property offers the advantage of seller financing, creating a unique entry point for qualified buyers seeking flexible acquisition terms. This structure can significantly enhance accessibility and investment leverage, making this an even more compelling opportunity in today's market. Specific terms and conditions of the seller financing will be discussed directly with the listing agent. Ideally positioned near the beach, parks, restaurants, cafés, hotels, entertainment venues and San Juan's vibrant nightlife, the property offers guests and residents convenient access to many of the experiences that make the Ocean Park area an attractive place to live, vacation and invest. Its strategic location also provides easy connectivity to Condado, Isla Verde, Santurce and the greater San Juan metropolitan area. The property consists of 10 completely modernized apartments and is currently operating with a combination of short-term and long-term rentals, providing flexibility to diversify income and adapt the rental strategy according to market demand. The apartments have been extensively updated, and the furnishings have also been recently renovated, allowing the property to continue operating as a turnkey hospitality and rental investment. Additional features include: * 10 modernized apartment units * Established short-term and long-term rental operation * Recently renovated furnishings * Full backup power generator * Water cistern * On-site parking * Private covered parking/carport * Strong historical rental performance * Established operating history * Excellent location near Ocean Park Beach * Proximity to restaurants, hotels, parks, entertainment and nightlife * Potential to increase occupancy, average length of stay and overall rental revenue With an established production history and existing rental operation, the property provides an investor with the opportunity to acquire an income-producing asset while still offering additional upside through revenue management, increased occupancy and longer guest stays. Ocean Park continues to stand out as one of San Juan's most appealing neighborhoods because of its combination of urban lifestyle and beach accessibility. Residents and visitors can enjoy the Caribbean coastline while remaining minutes from some of the metropolitan area's most active dining, hospitality and entertainment districts. This is an excellent opportunity for an investor seeking a turnkey multifamily property with diversified rental income, established performance, seller financing flexibility, and additional growth potential in one of San Juan's premier coastal locations. Investment Property | 10 Units | Ocean Park | San Juan, Puerto Rico
Details
| MLS # | PR9123488 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1975 |
| Days On Site | 61 |
| Listing Provided By | REALITY REALTY | Milton Serrano Lebron |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 11 |
| SQ Feet | 6,000 |
| Garage | 3 |
| Car Port | Yes |
| Zoning | RT-3 |
Area Information
| State | PR |
|---|---|
| County | San Juan |
| City | SAN JUAN |
| Zip Code | 00907 |
| Area | 00907 San Juan |
| Community Name | SAN JUAN |
| Listing VS Median (in SAN JUAN) | |
Price: $2,700,000 low | high Med: $1,063,000 sqft: 6,000 low | high Med: 2,085 $ / sqft: $450 low | high Med: $508 On site: 61 low | high Med: 201.5 | |
Market Activity 00907
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| State | PR |
|---|---|
| County | San Juan |
| City | SAN JUAN |
| Zip Code | 00907 |
| Area | 00907 San Juan |
| Community Name | SAN JUAN |
| Listing VS Median (in SAN JUAN) | |
Price: $2,700,000 low | high Med: $1,063,000 sqft: 6,000 low | high Med: 2,085 $ / sqft: $450 low | high Med: $508 On site: 61 low | high Med: 201.5 | |