Puerto Rico Real Estate

1002 Madrid Street
For Sale
Santa Rita San Juan, Puerto Rico

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Front of Property

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Unit 1 Front Porch

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Unit 1 Front Porch

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Unit 1 Living/Dining/Kitchen Great Room

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Unit 1 Kitchen

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Unit 1 Bedroom

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Unit 1 Bedroom

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Unit 1 Bedroom

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Unit 1 Bathroom 1

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Unit 1 Bathroom 1

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Unit 1 Bathroom 1

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Unit 1 Bathroom 2

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Unit 1 Bathroom 2

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Unit 2 Front Balcony

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Unit 2 Living/Dining/Kitchen Great Room

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Unit 2 Kitchen

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Unit 2 Bedroom

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Unit 2 Bedroom

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Unit 2 Bedroom

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Unit 2 Bedroom

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Unit 2 Bathroom 1

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Unit 2 Bathroom 1

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Unit 2 Bathroom 2

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Unit 2 Bathroom 2

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Unit 3

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Unit 3 Bathroom

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Unit 3 Bathroom

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Unit 4

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Unit 4 Bathroom

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PROPERTY DESCRIPTION

This property is a multi unit property in the heart of the Santa Rita neighborhood of San Juan, Puerto Rico. The property has 3 buildings with a coutyard in the middle and has been completely remodeled with a total of 10 bedrooms and 6 1/2 bathrooms. The areas of the property are as follows:
- Living Unit 1: A 4 bedroom 2 bathroom apartment
- Living Unit 2: A 4 bedroom 2 bathroom apartment
- Living Unit 3: Studio apartment
- Living Unit 4: Studio apartment
- Laundry: Common laundry room with a 1/2 bathroom that could easily be converted to a 5th unit
- Rooftop terrace: A 1200 square foot rooftop terrace on the top of the main building
- Courtyard: A 500 square foot courtyard in the middle of the three buildings
- Parking area 1: A parking area on the Nouth side of the main building with room to park up to 3 vechiles nose to tail
- Parking area 2: A parking Area on the South side of the main building with room to park up to 3 vehicles nose to tail

The property is close to businesses, attractions, University of Puerto Rico and the Botanical Garden and is a great investment opportunity to own an excellent income producing property.

PROPERTY SPECIFICS AND DETAILS

Overview: Four unit newly remodeled property in the Santa Rita neighborhood of San Juan, Puerto Rico. An excellent investment property.

Lot Size: 309 Square Meters

Number of Bedrooms: 10 total, Unit 1 = 4 bedrooms, Unit 2 = 4 bedrooms, Unit 3 - Studio, Unit 4 - Studio

Number of Bathrooms: 6 1/2 total, Unit 1 = 2 bathrooms, Unit 2 = 2 bathrooms, Unit 3 = 1 bathroom, Unit 4 = 1 bathroom, Laundry Room - 1/2 bathroom

Number of Units: 4, convertible to 5

Total square footage: 5100 square feet

Indoor square footage: 3000 square feet

Rooftop square footage: 1200 square feet

Covered balcony square footage: 400 square feet

Courtyard square footage: 500 square feet

Property Latitude,Logitude: 18.40150,-66.05435

Property pin: For property pin, click here

Construction: Concrete

Electric Service: Puerto Rico Power Authority

Water Service: Puerto Rico Water Authority

Sewage Service: Puerto Rico Water Authority Sewer System

Domestic Waste Service: Municipality of San Juan

HVAC: Ceiling Fans

Laundry Facilities: Common Laundry Room

Furnishings: Not Included

Appliances: Not Included

Parking: Off street parking for up to 6 vehicles "back to front" and On street parking

Home Owners Association Fees: Not applicable, this property is not in a Home Owners Association

CRIM (Property Taxes): Approximately $2500 per year

Asking Price: $650,000 Great Income Producing Property!

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