$975,000

189 Jose Padin, San Juan, 00919

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$975,000

(220,000) 04/03/2024

189 Jose Padin San Juan, 00919

For Sale MLS# PR9104739

1 beds9 baths3,031 sq ftMulti-family

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Data current as of 13/04/2024 19:10:49

Details for 189 Jose Padin

MLS# PR9104739

Description for 189 Jose Padin, San Juan, , 00919


We present an unparalleled investment opportunity in the vibrant heart of Hato Rey. This turnkey multi-family property boasts nine units, comprising eight studios and one spacious one-bedroom apartment. Each unit has been meticulously remodeled to the highest standards, ensuring residents' optimal comfort and modern living.Our property is fully occupied and generates robust and consistent income streams from long-term rentals. However, our vision extends far beyond the present. With the rising demand for short-term rentals in the area, fueled by tourism and business travel, we envision a seamless transition to capitalize on this lucrative market segment.One of the key highlights of our property is its sustainability feature. Equipped with state-of-the-art 10K watts solar panels, our property operates entirely off the grid, providing full power autonomy to all units. This reduces operational costs and aligns with eco-conscious living, a growing trend among tenants and investors alike.Moreover, our commitment to impeccable maintenance ensures that the property retains its pristine condition, safeguarding the investment and the tenant experience. Situated in the bustling district of Hato Rey, our location offers unparalleled convenience and access to many amenities, including renowned restaurants, shopping centers, educational institutions, and transportation hubs.This investment opportunity presents a compelling blend of stability, growth potential, and sustainability. With a solid foundation and our strategic vision to tap into the burgeoning short-term rental market, investors can expect lucrative returns and long-term value appreciation. Join us in redefining urban living in Hato Rey and unlocking the full potential of this exceptional property.

Listing Information


Property Type: Residential

Status: Active

Bedrooms: 1

Bathrooms: 9

Lot Size: 0.09 Acres

Square Feet: 3,031 sq ft

Year Built: 1970

Stories: 2 Story

Construction: Concrete

Construction Display: New Construction

Subdivision: Juan B. Huyke

Foundation: Slab

Number Of Units Total: 9

County: San Juan

Construction Status: New Construction

Additonal Room Information

Laundry: Common Area

Interior Features


Additional Interior Features: Open Floorplan

Utilities


Water: Public

Other Utilities: Electricity Connected,Water Connected,Sewer Not Available

Cooling: Ductless

Exterior / Lot Features


Parking Description: on street

Additional Exterior/Lot Features: Courtyard, Awning(s), Balcony, Balcony

Community Features


Community Features: Sidewalks

Security Features: Security Gate, Security Lights

Unit Information


Unit 1 Units Total: 1

Unit 1 Actual Rent: 1125

Unit 1 Baths Total: 1

Unit 1 Beds Total: 1

Unit 2 Units Total: 1

Unit 2 Actual Rent: 725

Unit 2 Baths Total: 1

Unit 3 Units Total: 1

Unit 3 Actual Rent: 750

Unit 3 Baths Total: 1

Unit 4 Units Total: 1

Unit 4 Actual Rent: 800

Unit 4 Baths Total: 1

Unit 5 Units Total: 1

Unit 5 Actual Rent: 750

Unit 5 Baths Total: 1

Unit 6 Units Total: 1

Unit 6 Actual Rent: 750

Unit 6 Baths Total: 1

Driving Directions


Ubicada detras del restaurante Olive en Ave. Roosevelt. Entrando por la calle Sherwin Williams.

Financial Considerations


Gross Income: 88380

Tax/Property ID: 062-050-118-40

Price Changes


$1,400,000 Original Price
$975,000 Current Price
-$425,000Total Change
Date Price Change
04/03/2024 12.37 PM $975,000-$220,000
03/05/2024 09.12 AM $1,195,000-$205,000
02/28/2024 05.47 PM $1,400,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 189 Jose Padin

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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