124 CONDADO STREET UNIT 101,SAN JUAN,San Juan,Residential

Descripción

Condominium San Gabriel AIRBNB. THIS IS THE BEST DEAL IN CONDADO.
124 Condado Street corner of Ribot Street, San Juan, PR 00907.
This apartment is located five blocks from Ashford Avenue and the beach. It is an excellent opportunity to own an AIRBNB close to the best hotels and beaches of San Juan. Several AIRBNBs are starting to pop up around this area, which are much more affordable for investors and offer much better ROI.
This apartment rents on AIRBNB for $250 to $350 per night. If we calculate ROI using a conservative occupancy rate of 50%, you have a monthly gross income of $3,750.00. Expenses are HOA $180.27, Taxes $90.25 per month, and Insurance $100 per month. Utilities: electric $250.00 per month, water $35, internet $90. Other expenses include maintenance AC and another $100 per month. Total expenses: $845.52 per month. You have a NOI of $2,904.48 per month. This reflects an RETURN ON INVESTMENT ROI OF 10%. This is a conservative estimation at a 50% occupancy (usually 66% or more), a rate of $250 (the average three bedrooms and two bathrooms in this area is $350.00). This apartment presents a great investment opportunity for savvy investors looking for value. A similar Airbnb 5 to 6 blocks away will cost no less than $650,000-$700,000.
This whole area is experiencing extreme and fast gentrification, with Airbnb sprawling everywhere. Take advantage of this great ROI. DON’T MISS THIS OPPORTUNITY.
You are five minutes walking distance to Ashford Avenue, the beach, and the hotels.
The apartment has been rented solidly since we started renting two years ago. The owners decided to sell because they have a more extensive property and have decided to sell this one. That’s a good deal for renters and owners, and we believe those rates will increase dramatically shortly once the building is renovated on the outside. HOA is gearing up to acquire a power generator, which would significantly improve the structure.
This apartment is a perfect investment to generate short-term rental income.
Fantastic three bedrooms, two full bathrooms, a spacious kitchen with a washer and dryer, a dining and living room area, and one assigned parking space. The apartment has 965 sqft of living space and is move-in ready, turn-key AIRBNB prepared from day one. It is located only five blocks from Condado Beach, hotels, and casinos, making this a super convenient location for business and tourist travelers.
Walmart is 5-10 minutes’ walk from the apartment near Miramar and has many restaurants and banks, making this an ideal location for short-term rentals.
Each bedroom has its own AC split unit inverter and another AC inverter in the living room. The apartment is entirely AC and move-in-ready. It could be sold with or without furniture. It has a king-size bed in the master bedroom, queen-size beds in bedroom 2, and a full-size bed in the third bedroom—a dining table with four chairs and a sectional in the living room. The kitchen has a refrigerator, stove, microwave, washer, and dryer. All appliances are included in the sale price, but furniture is not included.
Income-producing property for Airbnb rentals.
Tax incentives for Act 20/22 investors might apply. The asking price is $350,000, not subject to appraisal—prequalified buyers who understand the STR business and have the cash to invest.
Building allows Airbnb