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2008 Mcleary, San Juan, US 00911

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For Sale

$2,275,000

4,150 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $548.19
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Discover a unique investment opportunity in the highly sought-after Ocean Park neighborhood! This charming guesthouse is situated on vibrant McLeary Avenue, just a 5-minute walk from Ocean Park Beach. Positioned on a corner lot, the property consists of six independent apartments, with interiors that have been meticulously curated. Ample outdoor spaces and intimate patios, surrounded by tropical vegetation, provide a relaxing and inviting atmosphere for guests to enjoy. The first level of the property includes three unique apartments. The largest offers three bedrooms, two bathrooms, a private deck, and street access. The adjacent two-bedroom, one-bathroom unit connects to it via an adjoining door, allowing both to be rented together to accommodate larger groups. Additionally, a two-story casita, accessible from the central patio, features one bedroom, one bathroom, and a private balcony. On the second level, a foyer leads to three more units, all equipped with in-unit laundry. One corner unit has two bedrooms, two bathrooms, and a spacious living area. The adjacent unit features two bedrooms, one bathroom, and a small foyer suitable as an office. The remaining corner unit is a cozy one-bedroom, one-bathroom with views of the garden below. The property features thoughtfully designed auxiliary spaces, including storage for linens and towels, a dedicated laundry area, and an alcove for tools, maintenance equipment and cleaning supplies. Furthermore, the property has been reinforced with storm-proof windows throughout, state-of-the art flood barriers and sizeable water cisterns, providing additional security and peace of mind against natural disasters. Ocean Park is a dynamic neighborhood known for its spectacular beaches, diverse culinary scene, and community feel. Residents and visitors benefit from its proximity to the airport, nearby attractions and city life, while enjoying a serene, coastal living environment. Surrounded by stunning residences and charming guesthouses, this multiunit property is the perfect site for a short-term rental venture. Its commercial-tourism (CT-1) zoning allows low-impact commercial and hospitality ventures, such as guesthouses and boutique hotels. Trendy coffee shops, classic bakeries and eclectic restaurants are all within a short distance of the property. Ocean Park beach, beloved by locals and visitors alike, is widely considered the best beach in San Juan. Consistent winds and a wide, sandy coastline provide the perfect conditions for activities like kitesurfing, windsurfing, beach tennis and beach volleyball. Whether you re looking to expand your portfolio with a profitable short-term rental or operate a charming guesthouse, this property s prime location and versatility present countless possibilities, making it a sound investment for any business venture you have in mind. Don t miss out on this rare chance to own a unique property in the heart of Ocean Park!
MLS# PR9110010

Courtesy Of Bouret Real Estate

(787) 642-9293

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Garden
  • Architecture Style
    Other
  • Exterior Type
    Concrete
  • Floor Covering
    Tile, Tile - Ceramic
  • Lot Size
    0.09 Acres

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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