Fractional Ownership. Unique property in the heart of condado! This sale includes a total of three apartments( Apt 300, Apt 500 and Apt PH) with a total of 7790 sq ft. This sale consists of 80% of the condominium (apartment 400 has separate owner). Apartment 300 is the entire third floor consisting of 2050 Sq Ft and has three bedrooms, two and a half bathrooms and two parking. Apartment 500 is the entire fifth floor and is also 2050 sq ft with the same layout as apartment 300 with 3 bedrooms, two and a half bathrooms and two parking. Penthouse unit is floor 6 and 7 and features 3690 sq ft, three bedrooms, three and a half bathrooms, three terraces, mezzanine with area for a fourth bedroom, ample open concept dining room and living room. All units feature marble flooring and modern appliances . Condominium has gated access with common areas on the second floor that include a spa hot tub and extra space with the potential to have a fitness center. Located in the best area of Condado, walking distance to La Ventana del Mar and Hotel La Concha you can access the best condado has to offer but still enjoy the quiet comfort this boutique condominium has to offer. Due to the nature of the sale, only cash offers will be considered. Unit 300 and PH are currently leased and must honor these rentals until they expire this year 2021. Projected estimate of Cap Rate doing long term rental: 5.3% Projected estimate of Cap Rate doing Short term rental: 8.3%
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $4,200,000 | $539 | BERTRAN REALTY | |
Listed For Sale | $4,200,000 | $539 | BERTRAN REALTY |
Elementary School Abrahan Lincoln | 2919.8 miles away | PK - 06 | |
Elementary School Segundo Ruiz Belvis | 2920.2 miles away | KG - 06 | |
Elementary School San Agustin | 2920.7 miles away | KG - 06 |