Home » Puerto Rico » SAN JUAN » 60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911 | PR9097979

For Sale 60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911

$1,100,000
Price has increased by $50,000

Property Highlights

Listing ID PR9097979 Status of this Listing: Active For Sale Property Type Residential Single Family House 8 Bedrooms 5 Bathrooms Total 5 Full Bath Living Space 2,666 Sqft/247.68 m2 approx. Building Area 3,800 Sqft/353.03 m2 approx. Lot area 4,073 Sqft/378.39 m2 approx. POOL Year Built 1970 Time of this property on Rebonus 706 Day(s)

60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911

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!

Useful Info

Calculated List Price By SqFt (approx):$413
Previous Asking Price:$1,050,000
Original List Price:$1,050,000
Previous Status:Expired

Measures

Living Area Source:
  • Appraiser
Building Area Total in Square Meters m2:353.03
Living Area in Square Meters m2:247.68

Land Lot (Parcel) Details

Lot Size Acres:0.93
Lot Features:
  • Floodzone
Lot Size in Square Meters m2:378

Rooms Distribution

Additional Rooms:
  • Garage Apartment

Construction

Builder Model:Multi-family
Builder Name:Ocean Park
Architectural
Style:
  • Mediterranean
  • Contemporary
Property Condition:
  • Completed
Levels:Two
Construction Materials:
  • Brick
  • Concrete
  • Cement Siding
Flooring:
  • Tile
  • Ceramic Tile
Number of stories:2
Foundation Details:
  • Brick/mortar
  • Concrete Perimeter
Flood Zone Code:10964
Property Description:
  • Elevated

Property Features

View from the Property:
  • City
Waterfront:No
Swimming Pool Features:
  • Above Ground
Security:
  • Smoke Detector(s)
  • Security Gate
  • Key Card Entry
  • Security System
  • Security Lights
  • Secured Garage / Parking
  • Security Fencing/lighting/alarms
Furnished:
  • Negotiable
Appliances:
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Cooktop
  • Electric Water Heater
  • Range
  • Tankless Water Heater
  • Water Filtration System
Interior Features:
  • High Ceilings
  • Ceiling Fans(s)
  • Living Room/dining Room Combo
  • Smart Home
  • Stone Counters
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Primary Bedroom Main Floor
Exterior Features:
  • Balcony
  • Lighting
  • Outdoor Grill
  • Private Mailbox
  • Sidewalk
  • French Doors
  • Hurricane Shutters
  • Garden
Patio and Porch Features:
  • Covered
  • Front Porch
  • Rear Porch
Roof:
  • Concrete
Window Features:
  • Impact Glass/storm Windows
  • Shutters
  • Aluminum Frames
Other Structures:
  • Cabana
  • Gazebo
  • Additional Single Family Home
Laundry Features:
  • Washer Hookup
  • Common Area
  • Outside
  • Electric Dryer Hookup
  • Gas Dryer Hookup
Green Energy Efficient:
  • Appliances
Air Conditioning System:
  • Mini-split Unit(s)
Fence:
  • Masonry
  • Electric
  • Fenced
Vegetation:
  • Fruit Trees
Property Entrance Faces:
  • East
Road Responsibility:
  • Public Maintained Road
Other Equipment:
  • Intercom
  • Generator

Taxes and Expenses

Tax Annual Amount:$1,200

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022

Terms

Disclosures:
  • Lead Paint
  • Other Disclosures
Listing Terms Considered by Seller:
  • Cash
  • Private Financing Available
  • Owner Financing
Occupant Type:
  • Tenant
Lease Considered:Yes

Community

Minimum Lease Term:
  • No Minimum
Road Surface Type:
  • Asphalt
Pets Allowed?:
  • Yes
  • Dogs Ok
  • Cats Ok
Pet Size Allowed:
  • Medium (36-60 Lbs.)
Number of Pets Allowed:10
Building Name:BEACH HOUSE
Subdivision Name:SAN JUAN-OCEAN PARK
Senior Community:No
Development Name:OCEAN PARK-SANTURCE
2nd Association Management:Ocean Park Outside Gated Community
Number of Ownership Years Prior To Lease:0

Parking

Carport Spaces:4
Parking Features:
  • On Street
  • Off Street
  • Curb Parking
  • Alley Access
Carport:Yes

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available
  • Phone Available
  • Electricity Connected
  • Sewer Connected
  • Street Lights
  • Water Connected
  • Public
  • Cable Connected
  • Fiber Optics
  • Solar
Water Source:
  • Public

Zoning and Legal

Tax Legal Description:-----“URBANA: Porción de terreno radicada en la Sección Norte del Barrio de Santurce de esta ciudad de San Juan, Puerto Rico, compuesta de TRESCIENTOS SETENTA Y OCHO PUNTO CUARENTA Y CINCO METROS CUADRADOS (378.45 m.c.), marcado en el plano de urbanización "B" dos (B-2), hoy Calle Calma Número Sesenta (60), colindante por el NORTE, en veinticuatro punto diez metros (24.10 m.) con el solar marcado en el plano de urbanización "B" tres (B-3); por el SUR, en veintiocho punto diez metros (28.10 m.) con el solar marcado en el plano de urbanización "B" uno (B-1); por el OESTE, en trece punto noventa y ocho metros (13.98 m.) con terrenos de la Sucesión de Wenceslao Borda; y por el ESTE, en quince punto siete metros (15.7 m.) con la calle Bou.------------------------------------------------------- -----Enclava una casa de concreto de una sola planta.”----------------- ------------------------------------------------------------------------------------------
Real Estate Folio Number (Parcel Number):041-042-615-08-001
Zoning:RT-3
Public Survey Township:Sj
Public Survey Section:Sj
Title to the property is held by owner as:
  • Fee Simple

Listing History

Update/EventDate/Days
Published Date:January 5, 2023 11:26 am
On Market Date:January 5, 2023
Listing Contract Date:January 5, 2023
Price Change Date Time:November 25, 2024 10:43 pm
Status Last Changed:November 22, 2024 12:39 am
Photos Last Modified:November 22, 2024 5:23 pm
Last Modified:December 11, 2024 3:47 pm
Days on the Market (updated on Last Modified*):655
Cumulative Days on the Market (updated on Last Modified**):655

Additional Information

Pet Restrictions:NO RESTRICTIONS
Additional Lease Restrictions:No lease restrictions. Currently, this property is being used for short-term rentals using AIRBNB and other platforms.
Approval Process:No approval is needed. Currently, this property is being used for short-term rentals using AIRBNB and other platforms.
Lot Size Range:1/2 to less than 1
Number of Photos:70
Area:00911 - San Juan
Automated Valuation Display:Yes
Courtesy of:PUERTO RICO CORPORATE RENTALS
Attribution:787-525-4364
Universal Property Id:US-72127-N-04104261508001-S-1-3

Location

Show Property Address:Yes
Street Name:ISMAEL RIVERA
Street Number:60
Street Address:60 ISMAEL RIVERA ST #1-3
Unit Number:1-3
City : SAN JUAN
State : Puerto Rico
Zip Code : 00911
County : San Juan
Full Address:60 ISMAEL RIVERA ST #1-3, SAN JUAN, PR 00911
Latitude:N18° 27' 5.3''
Longitude:W67° 56' 45.3''

Property Map

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