UPDATED:
11/12/2024 09:34 PM
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 13,068 sqft
Price per Sqft $206
Subdivision Condado
MLS Listing ID PR9109921
Bedrooms 11
Full Baths 8
HOA Y/N No
Originating Board Stellar MLS
Year Built 1970
Lot Size 0.300 Acres
Acres 0.3
Property Description
Of the 10 units, 6 are oversized, with many featuring separate living rooms and kitchenettes, providing guests with added comfort and convenience. The property includes a total of 11 finished bedrooms, while one additional bedroom and bath on the ground floor is ADA-compliant, offering an accessible bunk/hostel-style room with an attached bathroom (pending completion).
Key Highlights:
- Prime Location: Situated in the bustling Calle Loiza neighborhood, ideal for exploring local dining, shopping, and entertainment.
- Spacious Units: Six out of ten units have larger living spaces, with some including separate living areas and kitchenettes.
- Food & Beverage Potential: The property has additional F&B opportunities, including a rear ground-floor patio space perfect for guest dining or events.
- Additional commercial space rental income on the ground floor
- Potential rooftop buildout pool with city views
Remaining Work:
- Ground Floor Completion: Including concrete slab installation, floor finishing, and minor plumbing.
- Electrical & Finishing Touches: All infrastructure is in place, with minor electrical work (plugs, switches, and lighting) and paint touch-ups remaining.
The current investment group has received a conceptual endorsement from the department of Tourism to receive the Act 60 Tourism incentives making this a great opportunity for the buyer to apply for the tax credits under the Puerto Tourism Act 60.
1818 Guesthouse is the rare opportunity to own an Airbnb-ready property with tremendous commercial potential on the ground floor in one of Puerto Rico’s most sought-after locations.
Location
County San Juan
Community Condado
Zoning C-2
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Mini-Split Unit(s)
Flooring Concrete
Fireplace false
Appliance Refrigerator
Laundry None
Exterior
Exterior Feature Other
Community Features Community Mailbox
Utilities Available BB/HS Internet Available, Electricity Connected
Waterfront false
Roof Type Concrete
Garage false
Private Pool No
Building
Story 4
Entry Level Three Or More
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None
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