A Rare Investment Opportunity in Condado – The Perfect Property for Airbnb! This is your chance to secure an exceptional property in one of San Juan’s most desirable locations. This turn-key, move-in-ready Airbnb property offers unbeatable value, incredible income potential, and a prime location. This is a value proposition. If you’re looking for perfection, this is not for you. However, if you have the vision and understand the short-term rental business, this is precisely what you’ve been searching for. We are looking for cash buyers only or taking advantage of owner financing with just 20% down. With only 20% down and owner financing for the balance, this is an excellent opportunity to close fast. This could be a cash cow with 15+ Cap with a few improvements. Strategically located at the corner of 124 Condado Street and Ribot Street, San Juan, PR 00907, this property offers an unbeatable location in one of San Juan’s most vibrant neighborhoods. Unmatched Location This property is five blocks from Ashford Avenue, Condado Beach, luxury hotels, and casinos. It’s the ideal location for attracting tourists and business travelers looking for convenience and proximity to San Juan’s best attractions. Outstanding Features - Spacious design: 965 square feet of comfortable living space, perfect for families or groups - Fully air-conditioned: Inverter AC units in every room and the living area - Included appliances: Refrigerator, stove, microwave, washer, and dryer - Optional furniture package: King and queen beds, dining table, sectional sofa, and more - Private parking: One assigned space for added convenience The HOA is also committed to significant improvements, including exterior repairs and a fresh coat of paint. These upgrades will enhance the property’s value and curb appeal, making it an even wiser investment. Why This Property Stands Out - Prime location: Minutes from Walmart, restaurants, banks, and the lively Miramar neighborhood - Ready to earn: Fully equipped and prepared to generate rental income immediately - Booming area: Rapid gentrification and a growing Airbnb market ensure high demand Key Details - Asking price: $275,000 (not subject to appraisal) - Serious buyers must provide proof of funds for 20% Act Fast – Opportunities Like This Are Rare Don’t miss this chance to own an income-generating property in one of Puerto Rico’s fastest-growing rental markets. Whether you’re a seasoned investor or just starting in short-term rentals, this property is the ideal choice for generating income and building your portfolio. Contact us today to schedule a showing-"Property with a prime location, exceptional income potential, and outstanding value."
Sold
$275,000
124 Condado #101, San Juan, PR 00907
3beds
965sqft
Condominium
Built in 1960
-- sqft lot
$-- Zestimate®
$285/sqft
$180/mo HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: March 23, 2025 at 05:21am
Listing Provided by:
Victor Alonso Vega 787-525-4364,
PR SHORT CORPORATE INTERNATIONAL REALTY 787-525-4364
Bought with:
Victor Alonso Vega, C-15629
PR SHORT CORPORATE INTERNATIONAL REALTY
Source: Stellar MLS,MLS#: PR9107282
Originating MLS: Puerto Rico


Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Built-in Closet
- Level: First
Bedroom 2
- Features: Built-in Closet
- Level: First
Bedroom 3
- Features: Built-in Closet
- Level: First
Primary bathroom
- Level: First
Bathroom 2
- Level: First
Balcony porch lanai
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- None
Cooling
- Ductless
Appliances
- Included: Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Inside
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
- Flooring: Ceramic Tile
- Windows: Blinds, Drapes, Window Treatments
- Has fireplace: No
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 965
- Total interior livable area: 965 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony
- Body of water: CONDADO BEACH
Details
- Parcel number: 04004906915001
- Zoning: RESI
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete
- Foundation: Slab
- Roof: Concrete
Condition
- Completed
- New construction: No
- Year built: 1960
Details
- Builder name: CONDOMINIO SAN GABRIEL
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Private, Sewer Available, Sewer Connected, Street Lights, Water Available, Water Connected
Community & neighborhood
Community
- Community features: Association Recreation - Lease
Location
- Region: San Juan
- Subdivision: CONDADO
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $180 monthly
- Services included: Maintenance Structure, Manager, Sewer
- Association name: MAYRA I. BEZARES
- Association phone: 787-747-7333
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 24000
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Owner May Carry
- Ownership: Condominium
- Road surface type: Asphalt
Services availability

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