Income Producing Mixed-Use Portfolio in Río Piedras
- Total Units: 84 (75 residential, 9 commercial)
- Site Area: 1,632 square meters
- Zoning: CT-3 (Intermediate Tourist Commercial)
- CRIM Numbers: 087-012-548-14-901, 087-012-548-15-001, 087-012-548-16-001, 087-012-548-17-001, 087-012-548-18-001, 087-012-527-10-001
- Income Potential: Three properties producing income, three with development and lease upside
- Flexible Use: Residential rentals, commercial space, hospitality, bed-and-breakfast, or Act 60 company participation
- Strategic Location: Steps from University of Puerto Rico, public transit, medical and civic institutions, and commercial amenities
- Municipal Incentives: Eligible for rental and development incentives in Rio Piedras
Property Description
This investment opportunity consists of six strategically located properties in the heart of Rio Piedras, totaling 84 units, including 9 commercial spaces. Five properties form a cohesive assemblage, while a sixth property across the street adds further potential. Three of the properties currently generate steady income, while the remaining three offer significant upside for development and lease completion. The portfolio is fully adaptable to multiple uses, including rental housing, commercial operations, hospitality, or bed-and-breakfast concepts. Owners may also take advantage of applicable tax incentives, including incentives under Act 60, for commercial space utilization.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,545,000 |
| No. of Units: | 84 |
| Lot Size: | 0.39 Acres |
| Opportunity Zone: | No |
| Price per unit: | $54,107 |
| Property Website | Click Here |
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