1 SAN GERONIMO STREET Unit 122-123

SAN JUAN, PR 00901

For Sale $1,150,000

Listed 78 days ago for $1,150,000
  • Condominium
  • Beds: 1
  • Bathrooms: 2
  • SqFt: 1,074
  • Garage Spaces: 1
  • Built: 2005
  • Heating: None
  • Cooling: Mini-Split Unit(s)
PRIME INVESTMENT OPPORTUNITY. Calling all Investors! Seize the chance to secure a lucrative investment with this pristine 1,074 square foot apartment! Originally conceived as a "two-door" condo-hotel suite, this unit has been transformed into a spacious 1-bedroom haven, complete with its own private terrace and patio boasting stunning vistas of the Condado Lagoon and the Atlantic Ocean. Enjoy consistent returns comparable to short-term rental units within the building, without the hassle and management fees associated with such arrangements. This property promises immediate returns in a secure environment, making it an ideal choice for savvy investors. Meticulously renovated, maintained and fully furnished, this unit is ready for occupancy from day one. With upgraded floors, bathrooms, and tasteful furnishings exuding comfort without compromise, it presents a hassle-free turnkey investment proposition. Currently leased to a commendable tenant with a prepaid 1-year lease extending until May 24, 2024, this property offers the flexibility to renew the lease for an additional year. Alternatively, for those inclined towards short-term rental arrangements or personal usage, the current lease can be terminated with a 60-day notice. Strategically situated next to the Caribe Hilton Hotel, with memberships available for purchase, and conveniently located near the Convention District, Old San Juan, and Condado, this condominium offers unparalleled convenience and accessibility. Don't miss out on this exceptional opportunity to park your money and secure a decent return on investment in a safe and thriving environment.

Architectural Style
Contemporary
Construction Materials
Concrete
Pets Allowed
Yes
Waterfront
Waterfront Features
Gulf/Ocean
MLSID
PR9105573
Buyer Agency Compensation
2.5
Transaction Broker Compensation
0%
The listing broker’s offer of compensation is made only to participants of the MLS
First Floor
Balcony/Porch/Lanai
Bathroom 2
Kitchen
Living Room
Master Bathroom
Master Bedroom
Dining Room

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Location


Drive west on PR-26, cross the bridge onto the Old San Juan Islet and keep right. Take the entrance to Paseo Caribe and park in the Paseo Caribe Parking Garage. Walk to the lobby at Condado Lagoon Villas adjacent to the Caribe Hilton lobby entrance.

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