124 CONDADO AVENUE UNIT 101,SAN JUAN,San Juan,Residential

$ 350.000
124 CONDADO AVENUE UNIT 101, ,

Overview

  • 125461
  • Property ID
  • Updated On:
  • julio 20, 2024
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 9
  • Rooms
  • 965.00 ft2
  • Property Size

Property Description

Condominium San Gabriel AIRBNB. THIS IS THE BEST DEAL IN CONDADO.
124 Condado Avenue corner of Ribot Street, San Juan, PR 00907.
This apartment is located five blocks from Ashford Avenue and the beach. It is an excellent opportunity to own an AIRBNB close to the best hotels and beaches of San Juan. Several AIRBNBs are starting to pop up around this area, which are much more affordable for investors and offer much better ROI.
This apartment rents on AIRBNB for $250 to $350 per night. If we calculate ROI using a very conservative occupancy rate of 50% you have a monthly gross income of $3,750.00. Expenses are HOA $180.27, Taxes $90.25 per month, and Insurance $100 per month. Utilities, electric $250.00 per month, water $35 per month, internet $90. Other expenses maintenance AC and other $100 per month.Total expenses $845.52 per month. You have a NOI of $2,904.48 per month. This reflects an RETURN ON INVESTMENT ROI OF 10%. This are very conservative estimation at a 50% occupancy (normally 66% or more), a rate of $250 (the average 3 bedrooms, 2 bathrooms in this area is $350.00). This apartment presents a great investment opportunity for smart investors looking for value. A similar Airbnb 5 to 6 blocks away will cost no less than $650,000-$700,000.
This whole area is going through an extreme and fast gentrification with Airbnb’s sprawling all over the place, taking advantage of this great ROI, DON’T MISS THIS OPPORTUNITY.
You are five minutes walking distance to Ashford Avenue, the beach, and the hotels.
The apartment has been rented solidly since we started renting two years ago. The owners decided to sell because they have a more extensive property and have decided to sell this one. That’s a good deal for renters and owners, and we believe those rates will increase dramatically shortly once the building is renovated on the outside. HOA is gearing up to acquire a power generator, this would be a great improvement in the building.
This apartment is a perfect investment to generate short-term rental income.
Fantastic three bedrooms, two full bathrooms, a spacious kitchen with a washer and dryer, a dining and living room area, and one assigned parking space. The apartment has 965 sqft of living space and is move-in ready, turn-key AIRBNB prepared from day one. It is located only five blocks from Condado Beach, hotels, and casinos, making this a super convenient location for business and tourist travelers.
Walmart is 5-10 minutes’ walk from the apartment near Miramar and has many restaurants and banks, making this an ideal location for short-term rentals.
Each bedroom has its own AC split unit inverter and another AC inverter in the living room. The apartment is entirely AC and move-in-ready. It could be sold with or without furniture. It has a king-size bed in the master bedroom, queen-size beds in bedroom 2, and a full-size bed in the third bedroom—a dining table with four chairs and a sectional in the living room. The kitchen has a refrigerator, stove, microwave, washer, and dryer. All appliances are included in the sale price, but furniture is not included.
Income-producing property for Airbnb rentals.
Tax incentives for Act 20/22 investors might apply. The asking price is $350,000, not subject to appraisal. Prequalified buyers who understand the STR business and have the cash to invest.

Address: 124 CONDADO AVENUE UNIT 101
City:
Area:
State/County:
Zip: 00907
Country: US
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Other Features
Balcony
Ceiling Fan(s)
Cooktop
Electric Water Heater
Has Carport
Has Cooling System
Home Owners Association
Living Room/Dining Room Combo
Microwave
Primary Bedroom Main Floor
Refrigerator
Washer
Window Treatments
Property Id : 125461
Price: $ 350.000
Property Size: 965.00 ft2
Rooms: 9
Bedrooms: 3
Bathrooms: 2
ListAgentFullName: Victor Alonso Vega
ListAgentPreferredPhone: 787-525-4364
ListOfficeName: PR SHORT CORPORATE INTERNATIONAL REALTY
OriginatingSystemName:: Stellar MLS
CumulativeDaysOnMarket: 21
DaysOnMarket: 21
$ 1,794.52
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,357.02

José Luis Ayala Tirado

Corredor de Bienes Raíces Lic. C-23794
Member of: San Juan Board Of Realtor

Contact Me

Call 787.515.0309 WhatsApp

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José Luis Ayala Tirado

Corredor de Bienes Raíces Lic. C-23794

Contact Me

Call 787.515.0309 WhatsApp
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Address 124 CONDADO AVENUE UNIT 101 and property Id 125461. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Josê Luis Ayala participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. ©2024 Stellar MLS. All rights reserved.

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