UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $260
Subdivision Ave. Miramar
MLS Listing ID PR9113553
Construction Status Fixer
HOA Y/N No
Year Built 1991
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Cash Flow + NO Federal Capital Gains!
Seize a rare opportunity to own 665 Miramar Avenue, a maintained 4-unit property in San Juan's most coveted neighborhood, steps from Ocean Park Beach and Condado's luxury corridor. This turnkey investment boasts fully renovated units (2-3 bedrooms each). Perfect for generating active income through STRs.
Miramar's Elite Positioning:
•Surrounded by Cafés, galleries, and beaches just minutes away.
•Tourism Epicenter: 10 mins to SJU Airport, Port of San Juan (2M+ cruise passengers/year).
• Appreciation Magnet: Adjacent to Condado's $5M+ condos – values surged STRONG INCREASE + since 2020.
Wealth-Builder Essentials:
- Stable NOI: at least $100K/year .
- Dual-Income Strategy: Hold long-term tenants or pivot to luxury vacation rentals (peak rates: $300+/night).
- Inflation Hedge: Tangible asset in a supply-constrained luxury enclave.
Act Now! • Ideal for Act 60 decree holders, 1031 exchangers, or crypto investors leveraging tax efficiency.
Location
State PR
County San Juan
Community Ave. Miramar
Area 00907 - San Juan
Zoning RESI
Interior
Interior Features Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Thermostat, Walk-In Closet(s)
Heating None
Cooling Central Air, Ductless, Wall/Window Unit(s)
Fireplace false
Laundry Common Area, Laundry Room, Outside
Exterior
Exterior Feature Balcony, Fence, Garden, Storage
Garage Spaces 1.0
Utilities Available Electricity Available, Electricity Connected, Fiber Optics, Public, Water - Multiple Meters, Water Available, Water Connected
Roof Type Cement,Metal
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Historic District
Entry Level Multi/Split
Foundation Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Construction Status Fixer
Others
Ownership Co-op
Acceptable Financing Cash, Conventional, Other, Owner Financing, Private Financing Available
Listing Terms Cash, Conventional, Other, Owner Financing, Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9113553
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