$3,200,000 $17,178 est/mo Sourced by Back At You

1127 Piccioni Street Cor,SAN JUAN, PR 00907

SAN JUAN PR, 00907

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Description

### An Investor's Dream: Prime Mixed-Use Multifamily Property in Condado #### Generate Substantial Short-Term Rental Income or Establish Your Commercial Vision Discover the unparalleled charm of Condado through the doors of this meticulously renovated Art Deco multifamily property. Nestled in the heart of this vibrant tourist hub and just steps away from the iconic La Concha Hotel Beach, this hidden gem is ready to become your next income-generating powerhouse. ### Key Features: - **Versatile Usage:** Ideal for short-term rentals, commercial purposes like a Med Spa, Medical Office, Wellness Center, Group Rental Business, or a Guest House. - **Strategic Location:** Situated in a prime area with high foot traffic and tourist appeal. - **Fully Remodeled:** Recently undergone an extensive renovation, ensuring modern comfort while preserving its historic charm. - **Grand Reveal:** Scheduled for the first week of December, perfectly timed to capture peak tourist season interest. ### Property Details: - **Three Distinct Buildings:** A stunning Art Deco architectural masterpiece. - **Seven Apartment Units:** Featuring a total of 14 bedrooms and 9 bathrooms. - **Luxurious Amenities:** Brand-new pool and lush patio area for relaxation and leisure. - **Convenient Parking:** Seven dedicated parking spaces to enhance accessibility. - **Tax Credits:** Take advantage of the 40% tax credits offered by the Department of Tourism for this type of property. Whether you're looking to establish a charming guest house or embark on an Airbnb venture, this investment property holds the key to a lucrative and inviting hospitality business. Seize the opportunity to make your mark in Condado's thriving landscape with this fully renovated Art Deco gem. History meets modern sophistication hereyour ideal investment awaits in the heart of the Condado experience!

Details

MLS#PR9103184
Listing TypeFor Sale
StyleTown House
Sub-TypeFor-sale
StatusActive
Year1959
Days On Site247
Listing Provided ByMARIO MCCANN | Mario Rivera McCann
Buying Commision2.5%

Features

Bed(s)13
Bath(s)9
SQ Feet5,306
PoolYes
Story(s)2
Units7
ZoningR-3
Acreage628.88

Market Activity 00907

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 22, 2024 at 8:58:38 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StatePR
CountySan Juan
CitySAN JUAN
Zip Code00907
Area00907 San Juan
Community NameCONDADO
Listing VS Median (in CONDADO)
Price:
$3,200,000
low | high
Med:
$1,517,000
100% of Average
SqFt:
5,306
low | high
Med:
1,517
100% of Average
$ / SqFt:
$603
low | high
Med:
$1,000
15.8125% of Average
On Site:
247
low | high
Med:
550.000000
44.909090909091% of Average
Sourced by Back At You
Listing Updated: July 12, 2024 at 2:59:22 PM PDT
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