Address
1960 Boriquen, SAN JUAN, PR
Price
$ 1,000,000
Property Attributes
  • MLS#PR9105466
  • TypeIncome
  • CountySAN JUAN
  • CitySAN JUAN
  • AreaSan Juan
  • NeighborhoodSanturce
  • Zip00915
  • StyleMulti Family
  • Price$ 1,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18000
  • Lot Size0.15 Acres
Data Source:
Stellar MLS
Property Description

This property is an 18,000 square foot building in the Sagrado Corazon area of Santurce, San Juan, Puerto Rico. The Sagrado Corazon area of Santurce is an up and coming area with lots of improvements, investments, and foot traffic in the area. The property consists of 3 floors, each with approximately 6000 square feet. There are currently 2 operating businesses as tenants on the first floor. One business is a convenience store, restaurant, bar with 2 bathrooms. The other business is a restaurant with 1 bathroom. These businesses occupy approximately 30% of the first floor so there is much more potential for more businesses on the first floor alone. A lot of space to make your dreams come true. The second and third floors are currently set up as apartments that do need repair and remodel work. The second floor has 6 apartments total, four 4 bedroom 1 bath apartments, one 3 bedroom 1 bath apartment, and one 1 bedroom 1 bath apartment. The third floor has 5 apartments, three 4 bedroom 1 bath apartments and two 3 bedroom 1 bath apartments. The second and third floors can be repaired to be Plan 8 housing, long term rentals, short term rentals. Or, can be completely converted to different uses. The property is a great investment opportunity in an up and coming area. Potential businesses include, but are not limited to, Restaurants, Bars, Nightclubs, Virtual Reality, Laser Tag, Beauty Salons, Doctor's offices, Real Estate offices, Dance Studios, Karate Studios, Short Term rentals, Long Term rentals, Plan 8 housing, Storage Rentals, plus many, many more potential businesses. The opportunities for this property are endless with a lot of space to make your dreams come true. The property can house pretty much any business one can think of. In addition, Sellers are willing to Seller finance with 30% down payment which makes this even more of an attractive opportunity.

Price History
3/29/2024 Listed $1,000,000

General Features

Interior Features High Ceilings,Living Room/Dining Room Combo,Open Floorplan,Other
Sewer Public Sewer
Heating None
Cooling None
Utilities Electricity Connected,Fire Hydrant,Public,Sewer Connected,Street Lights,Water Connected
Possession Close of Escrow
Roof Cement
Exterior Features Balcony,Other,Sidewalk
Zoning SU
Construction Materials Concrete
Year Built 1960
View City
Property SubType Multi Family
Percent Ownership Fee Simple
County San Juan
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name SANTURCE
Garage Y/N No
Status Active
Directions From the intersection of Interstate 22 and Fernando Juncos Avenue (route 35) proceed South on Fernando Juncos. At Boriquen Avenue (route 36) make a left turn. The property is 1.5 blocks on the righ
ModificationTimestamp 2024-05-06T22:15:37.823Z
City SAN JUAN
Buyer Agent Compensation 4%
View Y/N Yes
Senior Community Y/N No
NumberOfUnitsTotal 14
MLS Area 00915 - San Juan
Lot Size Units Square Feet
Lot Size Square Feet 6351
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Property Condition Fixer
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=nXYR4bNSQb6
Days on Market 39
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Flooring Ceramic Tile
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Laundry Features None
LivingAreaSource Owner

Exterior Features

Lot Features City Lot,Near Public Transit,Sidewalk
Water Source Public
Lot Size Area 6351
Foundation Details Slab
Number of Buildings 1
Building Area Total 18000
Lot Size Acres 0.15
Road Surface Type Asphalt
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 00915

Price
AVG $570K
$1M
Visits
AVG 310
653
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1960