Active

1818 Calle Loiza

San Juan Puerto Rico, 00911

$2,700,000


$206.61 per sqft

Active

13,068 sqft

Condos

Built in 1970

Introducing 1818 Guesthouse, a unique 10-unit Airbnb property located in the vibrant heart of Calle Loiza. This guesthouse offers a mix of spacious studios, 1- and 2-bedroom units, perfect for both short and extended stays as well as long-term rental tenants.Of the 10 units, 6 are oversized, with many featuring separate living rooms and kitchenettes, providing guests with added comfort and convenience. The property includes a total of 11 finished bedrooms, while one additional bedroom and bath on the ground floor is ADA-compliant, offering an accessible bunk/hostel-style room with an attached bathroom (pending completion). Key Highlights: - Prime Location: Situated in the bustling Calle Loiza neighborhood, ideal for exploring local dining, shopping, and entertainment.- Spacious Units: Six out of ten units have larger living spaces, with some including separate living areas and kitchenettes.- Food & Beverage Potential: The property has additional F&B opportunities, including a rear ground-floor patio space perfect for guest dining or events.- Additional commercial space rental income on the ground floor- Potential rooftop buildout pool with city viewsRemaining Work:- Ground Floor Completion: Including concrete slab installation, floor finishing, and minor plumbing.- Electrical & Finishing Touches: All infrastructure is in place, with minor electrical work (plugs, switches, and lighting) and paint touch-ups remaining.The current investment group has received a conceptual endorsement from the department of Tourism to receive the Act 60 Tourism incentives making this a great opportunity for the buyer to apply for the tax credits under the Puerto Tourism Act 60.1818 Guesthouse is the rare opportunity to own an Airbnb-ready property with tremendous commercial potential on the ground floor in one of Puerto RicoaEUR(tm)s most sought-after locations.

PR9110071

MLS ID

November 14, 2024

Listed

November 22, 2024

Updated

Map

1818 Calle Loiza
San Juan Puerto Rico, 00911

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Central Heat

Exterior/Building Features

Lot Size

0.3 Acres

Other Property Details

Association Fee Frequency

Monthly


Garage

No


View

No


Pool

No

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