Description

This spacious and well-equipped house is an extraordinary investment opportunity as a fully operational short-term rental, showcasing an impressive 11-12% cap rate. Located within the gates of the exclusive Ocean Park neighborhood of San Juan, which is known for being one of the area's safest and most secure beach side neighborhoods. Situated right in front of the 24-7 guard station of the neighborhood's security, the property has a lot size of 427.38 m2 and a total of 2,630 sq ft. The main house features 4 bedrooms, 2 full bathrooms, a kitchen, a dining room, and a living room. Additionally, the patio is fully equipped with outdoor furniture, an outdoor shower, and a washer/dryer. Single-owner home since 2017. The interior remained completely dry during Hurricane Maria, thanks to its elevated foundation and desirable raised corner lot. (Photos and an inspection report from a licensed professional in Puerto Rico, documenting the home's condition immediately after the storm, are available upon request.) The patio is positioned in the middle of the main house and the guest casita consists of 1 bedroom, 1 bathroom, a living room, and a kitchen. There are 2 private garage spaces available, as well as street parking right in front of the house. Fully backed up with a generator and water cistern. Overall, this property offers a comfortable and convenient living space in a highly sought-after and secure neighborhood.