Cruz
P. (939) 599-2500
License #: C15034
Phone Juan Enrique http://www.remaxclassicpr.com
898 Munoz Rivera Ave. PS-3 San Juan PR 00927
Puerto Rico
Details
| Area | Hato Rey Central |
| Sub Area | El Vedado (Urbanizacion) |
| State/Province | San Juan |
| Country | Puerto Rico |
| Price | $622,900 |
| Property Type | House |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Floor Space | 3000 Square Feet |
| Lot Size | 450.00 m² |
| Year Built | 1980 |
| Parking | 8 Spaces, Garage |
| MLS® # | 63082 |
Income Property — Hato Rey | High Cash Flow + Value-Add Exceptional 3-unit multi-family in the heart of Hato Rey, one of San Juan’s most dynamic rental markets. Independent meters, strong tenant demand, and strategic location create a reliable, scalable income platform. Location Advantage Minutes from Plaza Las Américas, Milla de Oro/financial district, Distrito T-Mobile, El Coliseo, Condado, airport, hospitals, and major highways — a central hub that consistently drives rental demand. Property Highlights • 3 spacious units, separately metered • Main unit: 3/2 + 2-car garage • Ample private parking • Potential to add 1–2 additional units (subject to approvals) Income & Cap-Rate Economics Projected gross income $60K–$80K annually. Using an income approach, and cap rates generally seen in this submarket, the NOI supports a valuation in the $600K–$700K+ range, with upside as rents optimize and units are expanded. Short-Term Rental Upside Configuration and location also make this asset well-positioned for Airbnb/short-term rentals, providing the potential to materially increase revenue (where permitted) while maintaining long-term rental optionality..
Listed by Universal Realty
Location
About
RE/MAX Classic in Puerto Rico offers quality real estate services through a team of professional Agents. Quality customer service, local market knowledge and training, are essential factors to provide an excellent and classic service.
We strive to be the leaders in our local market by working with high ethical standards and personalized attention to our clients.
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