665 MIRAMAR AVE new Save Request In-Person Tour Request Virtual Tour
San Juan,PR 00907
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $260
Subdivision Ave. Miramar
MLS Listing ID PR9113553
Year Built 1991
Lot Size 5,227 Sqft
Property Sub-Type Quadruplex
Property Description
Turnkey 4-Unit Multifamily Gem in MIRAMAR:
Cash Flow + NO Federal Capital Gains!
Seize a rare opportunity to own 665 Miramar Avenue, a maintained 4-unit property in San Juan's most coveted neighborhood, steps from Ocean Park Beach and Condado's luxury corridor. This turnkey investment boasts fully renovated units (2-3 bedrooms each). Perfect for generating active income through STRs.
Miramar's Elite Positioning:
•Surrounded by Cafés, galleries, and beaches just minutes away.
•Tourism Epicenter: 10 mins to SJU Airport, Port of San Juan (2M+ cruise passengers/year).
• Appreciation Magnet: Adjacent to Condado's $5M+ condos – values surged STRONG INCREASE + since 2020.
Wealth-Builder Essentials:
- Stable NOI: at least $100K/year .
- Dual-Income Strategy: Hold long-term tenants or pivot to luxury vacation rentals (peak rates: $300+/night).
- Inflation Hedge: Tangible asset in a supply-constrained luxury enclave.
Act Now! • Ideal for Act 60 decree holders, 1031 exchangers, or crypto investors leveraging tax efficiency.
Location
State PR
County San Juan
Community Ave. Miramar
Area 00907 - San Juan
Zoning RESI
Interior
Heating None
Cooling Central Air,Ductless,Wall/Window Unit(s)
Laundry Common Area,Laundry Room,Outside
Exterior
Exterior Feature Balcony,Fence,Garden,Storage
Garage Spaces 1.0
Utilities Available Electricity Available,Electricity Connected,Fiber Optics,Public,Water - Multiple Meters,Water Available,Water Connected
Roof Type Cement,Metal
Building
Lot Description Historic District
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
Acceptable Financing Cash,Conventional,Other,Owner Financing,Private Financing Available
Listing Terms Cash,Conventional,Other,Owner Financing,Private Financing Available
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/PR9113553