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Property 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! Investment Opportunity.

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 2,666 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 exceptional cash flow through its highly successful Airbnb rentals. The fully remodeled 4-bedroom unit is a standout feature, consistently attracting high demand from short-term renters. With all three units designed as turnkey, rental-ready spaces, this property generates positive cash flow from day one.

Its combination of modern upgrades, prime location, and established rental income makes it the best value in the neighborhood and a perfect addition to any investor’s portfolio. Don’t miss this chance to capitalize on a thriving short-term rental market!

Added Value and Flexibility:
– Ideal for investors or owners who want to live in one unit while renting out the others
– 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!

Features
Above Ground
No
Mini-split Unit(s)
Electric, Fenced, Masonry
City
Yes, Dogs Ok, Cats Ok
Covered, Rear Porch, Front Porch
Negotiable
Cooktop, Dryer, Microwave, Refrigerator, Washer, Electric Water Heater, Range, Tankless Water Heater, Water Filtration System
Photovoltaics Seller Owned
Sidewalk, Lighting, Balcony, Hurricane Shutters, Outdoor Grill, French Doors, Private Mailbox, Garden
Ceramic Tile, Tile, Porcelain Tile
Living Room/dining Room Combo, Solid Wood Cabinets, Stone Counters, Solid Surface Counters, Smart Home, Primary Bedroom Main Floor, Ceiling Fan(s), High Ceilings
Outside, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Floodzone
Off Street, On Street, Curb Parking, Alley Access
Concrete
Smoke Detector(s), Secured Garage/parking, Key Card Entry, Security System, Security Gate, Security Lights, Security Fencing/lighting/alarms
Public Sewer
Cable Connected, Electricity Connected, Sewer Connected, Electricity Available, Public, Cable Available, Phone Available, Street Lights, Fiber Optics, Natural Gas Available, Water Connected, Water Available, Sewer Available, Solar
Address Map
PR
San Juan
SAN JUAN
00911
60 ISMAEL RIVERA STREET UNIT 1-3
0
W67° 56' 45.3''
N18° 27' 5.3''
East
Calle Ismael Rivera #60, between Calle Loiza and McLeary Avenue, San Juan, PR 00911 This property is not inside the gated community of Ocean Park; instead, it is between Calle Loiza and McLeary Ave, two blocks away from Kasalta, and five blocks walking distance from Ocean Park Beach.
SAN JUAN-OCEAN PARK
Additional Info
PUERTO RICO CORPORATE RENTALS
VICTOR ALONSO VEGA
Contemporary, Mediterranean
4
Brick, Concrete, Cement Siding
655
Concrete Perimeter, Brick/mortar
Two
743575220
743580042
Cash, Private Financing Available, Owner May Carry
1
Cabana, Additional Single Family Home, Gazebo
Completed
1
No
2
$1,200
2022
Public
RT-3
11/22/2024 00:45:22
$0

60 ISMAEL RIVERA STREET UNIT 1-3, SAN JUAN, Puerto Rico 00911

60 ISMAEL RIVERA STREET UNIT 1-3, SAN JUAN, Puerto Rico 00911

8 Bedrooms
5 Bathrooms
2,666 Sqft
$1,100,000
Listing ID #PR9097979
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : PR9097979
Price : $1,100,000
Bedrooms : 8
Rooms : 15
Bathrooms : 5
Square Footage : 2,666 Sqft
Year Built : 1970
Lot Area : 4,073 Sqft
Standard Status : Active
Bathrooms Total : 5
Building Area : 3,800 Sqft
MLS Status : Active
Property Type : Single Family Residence
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