189 Jose Padin
San Juan, PR 00919
- 1 bed
- 9 baths
- 3,031 sqft
- 4,036 sqft lot
- $321 per sqft
- 1970 build
- – on site
We present an unparalleled investment opportunity in the vibrant heart of Hato Rey. This turnkey multi-family property boasts nine units, comprising eight studios and one spacious one-bedroom apartment. Each unit has been meticulously remodeled to the highest standards, ensuring residents' optimal comfort and modern living. Our property is fully occupied and generates robust and consistent income streams from long-term rentals. However, our vision extends far beyond the present. With the rising demand for short-term rentals in the area, fueled by tourism and business travel, we envision a seamless transition to capitalize on this lucrative market segment. One of the key highlights of our property is its sustainability feature. Equipped with state-of-the-art 10K watts solar panels, our property operates entirely off the grid, providing full power autonomy to all units. This reduces operational costs and aligns with eco-conscious living, a growing trend among tenants and investors alike. Moreover, our commitment to impeccable maintenance ensures that the property retains its pristine condition, safeguarding the investment and the tenant experience. Situated in the bustling district of Hato Rey, our location offers unparalleled convenience and access to many amenities, including renowned restaurants, shopping centers, educational institutions, and transportation hubs. This investment opportunity presents a compelling blend of stability, growth potential, and sustainability. With a solid foundation and our strategic vision to tap into the burgeoning short-term rental market, investors can expect lucrative returns and long-term value appreciation. Join us in redefining urban living in Hato Rey and unlocking the full potential of this exceptional property.
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Last updated Apr 5, 2024
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MLS# PR9104739 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/3/24
Apr 3, 2024
|
Price Changed | STELLAR_MLS | $975,000 | -18.4% |
|
3/4/24
Mar 4, 2024
|
Price Changed | STELLAR_MLS | $1,195,000 | -14.6% |
|
2/20/24
Feb 20, 2024
|
Listed / Active | STELLAR_MLS | $1,400,000 |