Calle Las Palomas, Unit 151
Property Description
Santurce . 2 contiguous properties . 5 declared units . 5 parking spaces . $750,000 Steps from Calle Loiza. Minutes from Condado. This is not a turnkey property. It's a value-add opportunity in Santurce for a buyer who understands location, renovation, rental income, and repositioning potential. The property consists of two contiguous structures under a single deed (escritura), with two separate catastros, approximately 357 m2 of land and approximately 3,600 sq ft of construction. One unit currently operates as a short-term rental (Airbnb). The remaining units need renovation - and that's exactly where part of the upside is. Highlights: - 5 declared units - Up to 5 off-street parking spaces - a major advantage in the Calle Loiza corridor - One unit currently active as a short-term rental - Two contiguous properties under a single deed - Existing infrastructure: 3 electric meters / 2 water meters - Flood Zone X (minimal flood risk - favorable for financing) - Steps from Calle Loiza - Minutes from Condado Casa Azul (151-A): Two levels, approx. 4 bed / 3 bath / 2 kitchens, A/C in bedrooms. Upper level currently operating as a short-term rental. Casa Amarilla (151): Three units - first floor 3 bed / 1 bath, second floor 3 bed / 2 bath with terrace, and a side apartment 1 bed / 1 bath. These units need repairs, including new electrical wiring. The value here isn't in selling it as perfect. It's in the combination of location, unit count, parking, contiguous structures, and income potential after improvements. The price reflects the work required - and that's precisely why it's an opportunity.
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $750,000 |
| Year Built: | 1965 |
| Lot Size: | 3,600.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 7 |
ID: 3yd-AMLSPR-PR70DE00
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