51 Margarita, San Juan, PR 00925
- $630,000
- 11
- BD
- 7
- BA
- 3,853
- SqFt
- List Price
- $630,000
- Status
- Active
- Days on Market
- 10
- MLS#
- PR9123776
- Property Style
- Triplex
- Year Built
- 1975
- Bedrooms
- 11
- Bathrooms
- 7
- Living Area
- 3,853
- Lot Size
- 4,251
- Acres
- 0.09
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Santa Rita Rio Piedras
- MLS Area Major
- San Juan
Property Description
Exceptional opportunity to acquire an income-producing multifamily property in Santa Rita, Rio Piedras, near the University of PR and the nearby businesses, restaurants and service transportation amenities that makes this area a consistent rental destination for students, university visitors, professionals and short- and long-term occupants. Situated on an oversized corner lot of 4,251 sq.ft., the property features a distinctive Spanish-inspired architectural character with a total living area of 3,853 sq. ft., across 3 independent residential units combining 11 bedrooms and 7 bathrooms, providing an attractive combination of size, rental flexibility, and multiple potential income streams. UNIT 1: a spacious 5BR/3BA residence with covered terrace and private plunge pool, used as short-term rental perfect for serving large groups. UNIT 2: a substantial 5BR/3BA residence currently rented long-term to students. UNIT 3: an independent 1BR/1BA apartment currently used as a short-term rental and well suited for individual travelers and couples, visiting professionals. Additional property features include a dedicated laundry area, solar energy systems, water cistern and gas installation adding resiliency to its rental operations. The property stands out for its generous bedrooms and living spaces, high ceilings, comfortable layouts, terraces, and parking areas on both the north and south sides accommodating approximately 4 vehicles in tandem. The house substantial footprint and flexible layouts provide opportunities to explore additional residential units. Existing second-floor utility rooms and open terrace areas, as well as the large 5BR layouts, may potentially be reconfigured to create more income-producing units, subject to architectural feasibility, permits, zoning and applicable approvals. Tax incentives may apply. Please call now for a private appointment!
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Additional Information
- Location
- Corner Lot
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- RT5
- Interior Layout
- High Ceilings
- Interior Features
- High Ceilings
- Floor
- Ceramic Tile
- Appliances
- Electric Water Heater, Microwave, Range
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- None
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Block, Concrete
- Exterior Features
- Balcony, Private Entrance
- Roof
- Concrete
- Foundation
- Crawlspace, Slab
- Pool
- Private
- Pool Type
- Above Ground
- Garage Features
- Tandem
- Flood Zone Code
- X
- Parcel ID
- 087-012-524-07-001
Listing courtesy of SIGNATURE REAL ESTATE LLC. enjoliehernandez@gmail.com
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