3 Calle MALAGA, SAN JUAN PR 00911,SAN JUAN,San Juan

Property Description

Just a few steps from the warm sandy beach of Ocean Park lies this spacious residence that perfectly combines an urban and seaside lifestyle. This gated waterfront community is centrally located near eateries, boutique hotels, gourmet supermarkets, schools, and hospitals and is just a few minutes from Condado Beach. This single-story, 2,744 sqft residence has five spacious bedrooms and three and a half bathrooms. Its modern and spacious kitchen looks out into the breezy backyard, with a two-bedroom guesthouse with one full bathroom and separate street access. If you want the best of both worlds, this is the house for you, waking up to the sound of the ocean while living in a gated urbanization in the buzzing Ocean Park. This house it’s been used as a short-term rental, generating $29,000 per month. The property is sold fully furnished and turn key ready to continue with rentals or to move in immediately—no work required. The owner did some upgrades in January 2023. The price is not subject to appraisal, but the rental income potential more than justifies the asking price. Only qualified buyers with POF, no exceptions. This unique property has a handsome ROI of 13% or more. If you understand these numbers, there is not much to talk about. As the house is usually rented, you must call to coordinate showings when the property is available..