1 PLACID COURT UNIT 71

Residential Income

$1,725,000

Property ID:

None

Bedrooms

Year Built

1960

Area

3467 Square Feet

Lot Size

0.1 Square Feet

Description

PRICE REDUCED! Under Appraisal Value. Secure your future in one of Puerto Rico’s most desirable neighborhoods. This Condado Greece-Style Multi Unit property is a profitable blend of location, charm, and a proven return on investment. Strategically located just a short walk from the beach and surrounded by a vibrant mix of restaurants, bars, shops, and supermarkets. Its prime location, combined with a quick 10-minute drive from the airport, makes it an ideal spot for high-demand short-term rentals like Airbnb and VRBO.

This expansive 3,467 sq ft colonial building sits on a generous 424.66 square meters lot and features seven distinct units, offering a versatile mix of accommodations.

Unit A: 3 bedrooms, 1 bathroom
Unit B: Efficiency apartment
Unit C: 3 bedrooms, 1 bathroom
Unit D: 1 bedroom, 1 bathroom
Unit E: 1 bedroom, 1 bathroom
Unit F: 1 bedroom, 1 bathroom
Unit G: Efficiency apartment

Unique features include private balconies on three units and a large terrace on another, providing sought-after outdoor space for guests. The property also includes five dedicated parking spaces—a significant advantage in this bustling area.

This property is more than just a beautiful building; it’s a high-performing asset. It currently generates around $200,000 annually from a combination of long-term and short-term rentals. With the potential to transition fully to short-term rentals, the projected annual income is a minimum of $246,000. This makes it a perfect opportunity for both experienced investors and those looking to enter the lucrative Puerto Rico real estate market.

Additional Details

Laundry Features: Outside
Cooling: Mini-Split Unit(s)
Street Number: 1
Directions: Take the first exit inside the Minillas Tunnel towards Condado. At the traffic light after the Supermax, make a left. Placid Ct #1 Street will be the third street to the right. The property is the second to the right.
Listing Id: PR9115709
Furnished: Furnished
Carport Spaces: 5
List Office Name: ETERNAL SUMMER REALTY
List Agent Full Name: Laura Diaz Febres
Foundation Details: Slab
Levels: Two
List Agent MLS Id: 743511487
UnitNumber: 71
List Office MLS Id: 743511487
Lot Size Area: 4585
Street Name: PLACID COURT
Utilities: Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected
Lot Size Square Feet: 4585