995 MADRID San Juan, Puerto Rico

Property Type: Residential Income
Subtype: Multi-Family
Status: Pending
$549,000
Sale
Income-Generating Multi-Family Property for Sale. This remodeled property located in the heart of Rio Piedras' university neighborhood features six apartments actually generating a substantial income of $4,800 with the potential of reaching $5,200+ in tax-free monthly rental earnings. It includes five one-bedroom units and one two-bedroom unit. Located walking distance from UPR, it ensures high tenant demand and low vacancy rates. Recent upgrades include modern kitchens, updated bathrooms, security windows, new flooring, plumbing and electricity. Its prime location offers walking access to campus, public transit, restaurants and more. A turnkey opportunity with strong ROI potential. *Bank letter or proof of funds are required prior to showings*
Address: 995 MADRID San Juan, Puerto Rico 00925

Additional Details

Interior

Laundry
Gas Dryer Hookup, Inside, Outside, Washer Hookup
Other Interior Features
Kitchen/Family Room Combo, Living Room/Dining Room Combo

Exterior

Construction Materials
Concrete
Garage Space
2
Cooling
Wall/Window Unit(s)
Other Exterior Features
Balcony

General

Days on Market
31
Garage
Yes

Area and Lot

Lot Size in Acres
278.22
Living Area in SQFT
3250
Utilities
BB/HS Internet Available, Cable Available, Electricity Available, Water Available

Financial

Annual Tax
$0
HOA Fees
$0

Location

From highway 52 take Avenida Jesus T. Pinero towards the East, then take a right to Avenida Muñoz Rivera until you hit Avenida Universitaria until you see Calle Madrid in your right hand side. Once you're in the street, the house is number 995 to the left hand side.

Interested in this property? Get in touch

Wanda Pancorbo

License: #19050
Camino Trinitaria 153
Urb Sabanera
Cidra Puerto Rico, 00739

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