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1 San Geronimo Street Unit 122-123 San Juan, 00901

1 Bed
2 Baths
1,074 Sqft
Status: Active
Property Type: Condominium
Year Built: 2005
Neighborhood: Condado Lagoon Villas
Days on Website: 236

Courtesy of BOURET REAL ESTATE

Description

PRIME INVESTMENT OPPORTUNITY. Calling all Investors! Seize the chance to secure a lucrative investment with this pristine 1,074 square foot apartment! Originally conceived as a two-door condo-hotel suite, this unit has been transformed into a spacious 1-bedroom haven, complete with its own private terrace and patio boasting stunning vistas of the Condado Lagoon and the Atlantic Ocean. Enjoy consistent returns comparable to short-term rental units within the building, without the hassle and management fees associated with such arrangements. This property promises immediate returns in a secure environment, making it an ideal choice for savvy investors. Meticulously renovated, maintained and fully furnished, this unit is ready for occupancy from day one. With upgraded floors, bathrooms, and tasteful furnishings exuding comfort without compromise, it presents a hassle-free turnkey investment proposition. Currently leased to a commendable tenant with a prepaid 1-year lease extending until May 24, 2024, this property offers the flexibility to renew the lease for an additional year. Alternatively, for those inclined towards short-term rental arrangements or personal usage, the current lease can be terminated with a 60-day notice. Strategically situated next to the Caribe Hilton Hotel, with memberships available for purchase, and conveniently located near the Convention District, Old San Juan, and Condado, this condominium offers unparalleled convenience and accessibility. Don't miss out on this exceptional opportunity to park your money and secure a decent return on investment in a safe and thriving environment.

Open House

Property Details and Features

  • Building Name Number: CONDADO LAGOON VILLAS
  • Living Area Meters: 99.78
  • Room Count: 7
  • Architectural Style: "Contemporary"
  • Building Area Total: 1074
  • Building Area Units: Square Feet
  • Construction Materials: "Concrete"
  • Direction Faces: Northeast
  • Levels: "One"
  • Living Area: 1074
  • Stories Total: 1
  • Year Built: 2005
  • Condo Fees Term: Monthly
  • Total Annual Fees: $14,700
  • Total Monthly Fees: $1,225
  • Condo Fees: $1,225
  • Monthly Condo Fee Amount: $1,225
  • Water Access: Beach,Gulf/Ocean
  • Water View: Gulf/Ocean - Full
  • Water Front Features: "Gulf/Ocean"
  • Association Fee Requirement: None
  • Association Fee Includes: "Pool", "Electricity", "Maintenance Structure", "Maintenance Grounds", "Security", "Water"
  • Association Name: Condado Lagoon Villas Administration
  • Available For Lease
  • Existing Lease Tenant
  • Minimum Lease: No Minimum
  • Calculated List Price By Calculated Sq Ft: $815
  • Unit Number: 122-123
  • Max Pet Weight: 999
  • Pets Allowed: "Yes"
  • Additional Rooms: Storage Rooms
  • Road Surface: "Brick"
  • Appliances: "Cooktop", "Dryer", "Microwave", "Refrigerator", "Tankless Water Heater", "Washer"
  • 2 full bathrooms
  • Bedrooms Total: 1
  • Community Features: "Fitness Center", "Park", "Pool", "Restaurant"
  • Cooling: "Mini-Split Unit(s)"
  • Exterior Features: "Garden", "Storage"
  • Flooring: "Ceramic Tile"
  • Foundation Details: "Slab"
  • Garage Spaces: 1
  • Heating: "None"
  • Furnished: Turnkey
  • Interior Features: "Other"
  • Laundry Features: "Laundry Closet"
  • County or Parish: San Juan
  • Subdivision: CONDADO LAGOON VILLAS
  • Features: "Historic District", "Near Marina", "Street Dead-End"
  • 0 square feet
  • View: "Water"
  • Other Structures: "Storage"
  • Patio and Porch Features: "Patio"
  • Zoning: CT
  • Roof: "Concrete"
  • Sewer: "Public Sewer"
  • Utilities: "Cable Connected", "Electricity Connected", "Fiber Optics", "Water Connected"
  • Water Source: "Public"

This content last updated on November 27, 2024 11:20AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.