Ocean Park OCEAN PARK San Juan, Puerto Rico

Property Type: Residential Income
Subtype: Quadruplex
Status: Active
10
Rooms
Baths
$2,700,000
Sale
TURNKEY 10-UNIT INVESTMENT PROPERTY | OCEAN PARK, SAN JUAN Exceptional opportunity to acquire a fully renovated 10-unit multifamily investment property in Ocean Park, one of San Juan’s most desirable coastal neighborhoods and a highly sought-after location for both short- and long-term rentals. SELLER FINANCING AVAILABLE — A RARE OPPORTUNITY This property offers the advantage of seller financing, creating a unique entry point for qualified buyers seeking flexible acquisition terms. This structure can significantly enhance accessibility and investment leverage, making this an even more compelling opportunity in today’s market. Specific terms and conditions of the seller financing will be discussed directly with the listing agent. Ideally positioned near the beach, parks, restaurants, cafés, hotels, entertainment venues and San Juan’s vibrant nightlife, the property offers guests and residents convenient access to many of the experiences that make the Ocean Park area an attractive place to live, vacation and invest. Its strategic location also provides easy connectivity to Condado, Isla Verde, Santurce and the greater San Juan metropolitan area. The property consists of 10 completely modernized apartments and is currently operating with a combination of short-term and long-term rentals, providing flexibility to diversify income and adapt the rental strategy according to market demand. The apartments have been extensively updated, and the furnishings have also been recently renovated, allowing the property to continue operating as a turnkey hospitality and rental investment. Additional features include: * 10 modernized apartment units * Established short-term and long-term rental operation * Recently renovated furnishings * Full backup power generator * Water cistern * On-site parking * Private covered parking/carport * Strong historical rental performance * Established operating history * Excellent location near Ocean Park Beach * Proximity to restaurants, hotels, parks, entertainment and nightlife * Potential to increase occupancy, average length of stay and overall rental revenue With an established production history and existing rental operation, the property provides an investor with the opportunity to acquire an income-producing asset while still offering additional upside through revenue management, increased occupancy and longer guest stays. Ocean Park continues to stand out as one of San Juan’s most appealing neighborhoods because of its combination of urban lifestyle and beach accessibility. Residents and visitors can enjoy the Caribbean coastline while remaining minutes from some of the metropolitan area’s most active dining, hospitality and entertainment districts. This is an excellent opportunity for an investor seeking a turnkey multifamily property with diversified rental income, established performance, seller financing flexibility, and additional growth potential in one of San Juan’s premier coastal locations. Investment Property | 10 Units | Ocean Park | San Juan, Puerto Rico
Address: Ocean Park OCEAN PARK San Juan, Puerto Rico 00907

Additional Details

Interior

Total Bedrooms
10
Laundry
Inside
Other Interior Features
Ceiling Fans(s)

Exterior

Construction Materials
Block, Concrete
Garage Space
3
Heating
Electric
Cooling
Mini-Split Unit(s)
Other Exterior Features
Balcony, Courtyard, Dog Run, Garden, Storage

General

Garage
Yes

Area and Lot

Living Area in SQFT
6000
Utilities
Electricity Available, Electricity Connected, Emergency Power, Fiber Optics, Sewer Available, Sewer Connected

Financial

Annual Tax
$0
HOA Fees
$0

Location

Luis Muñoz Marín International Airport Av. Aeropuerto, Carolina, PR 00979 Head east on Av. Aeropuerto. 14 sec (100 meters) Take Marginal Aeropuerto toward Av. Aeropuerto/Teodoro Moscoso Bridge. 2 min (950 meters) Merge onto Román Baldorioty de Castro Expressway/PR-26. 2 min (1.2 km) Continue on Román Baldorioty de Castro Expressway/PR-26 toward Santurce, San Juan. 3 min (3.3 km) Turn right onto C. Calma/Cll. Ismael Rivera.

Interested in this property? Get in touch

Milton Serrano Lebron

License: #12272
1253 Ave. Fernandez Juncos
Esq. Roberto H. Todd, Pda. 18
San Juan Puerto Rico, 00907

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