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., 3 independent residential units, a combined 10 bedrooms and 6 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 4BR/2BA 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. 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 and 4BR 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!