$875,000
For Sale

1 SAN GERONIMO STREET #122-123

San Juan, PR 00901
1074 sqft | 1 bed | 2 baths | #PR9105573
Browse 28 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

PRIME INVESTMENT OPPORTUNITY.
Calling all Investors! Seize the chance to secure a lucrative investment with this pristine 1,074 square foot apartment! Originally conceived as a "two-door" condo-hotel suite, this unit has been transformed into a spacious 1-bedroom haven, complete with its own private terrace and patio boasting stunning vistas of the Condado Lagoon and the Atlantic Ocean.
Enjoy consistent returns comparable to short-term rental units within the building, without the hassle and management fees associated with such arrangements. This property promises immediate returns in a secure environment, making it an ideal choice for savvy investors.
Meticulously renovated, maintained and fully furnished, this unit is ready for occupancy from day one. With upgraded floors, bathrooms, and tasteful furnishings exuding comfort without compromise, it presents a hassle-free turnkey investment proposition.
Currently leased to a commendable tenant with a prepaid 1-year lease extending until May 24, 2024, this property offers the flexibility to renew the lease for an additional year. Alternatively, for those inclined towards short-term rental arrangements or personal usage, the current lease can be terminated with a 60-day notice.
Strategically situated next to the Caribe Hilton Hotel, with memberships available for purchase, and conveniently located near the Convention District, Old San Juan, and Condado, this condominium offers unparalleled convenience and accessibility. Don't miss out on this exceptional opportunity to park your money and secure a decent return on investment in a safe and thriving environment.

  • Interior Details
      • InteriorOther
    • Beds & Baths
      • Bedrooms1
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Lot DescriptionHistoric District, Near Marina, Street Dead-End
      • Exterior MaterialsGarden, Storage
      • ViewWater
      • Stories1
    • Measurements
      • Square Feet1074
    • Parking
      • Parking Spaces1
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built2005
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Utility FeaturesCable Connected, Electricity Connected, Fiber Optics, Water Connected
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionCONDADO LAGOON VILLAS
    • Location
      • CountySan Juan
  • Financial Details
      • Original List Price$1,150,000
      • Days on Market (Cumulative)225
  • Restrictions
      • Pets AllowedYes
  • Other
      • MLS #PR9105573

Location

William Barnes | BrokerReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

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Loan Amount
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