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Pending
  • Price cut: $105K (2/4)
    $995,000

    60 Ismael Rivera #1-3, San Juan, PR 00911

    8beds
    2,666sqft
    : 
    Single Family Residence
    Built in 1970
    4,073 Square Feet Lot
    $-- Zestimate®
    $373/sqft
    $-- HOA

    What's special

    Small poolFour parking spacesOutdoor entertainment areaAc split unitRemodeled bedroomsMediterranean-style structuresSpacious open-layout kitchen
    Under contract-accepting backup offers. Priced Below Appraisal – Exceptional Opportunity in Ocean Park Address Calle Ismael Rivera 60, between Calle Loíza and McLeary Avenue, San Juan, PR 00911 Price $995,000 Recently appraised at $1,040,000 This is a rare opportunity to own a property in Ocean Park professionally appraised at $1,040,000 and now available for $995,000 – well below appraisal value. This property is being sold independently of its Airbnb potential, making it an attractive investment for homeowners, second-home buyers, and investors. Whether you plan to use it as a primary residence, vacation home, or long-term investment, this is an unbeatable deal in one of San Juan’s most desirable neighborhoods. Due to high rental demand, showings are limited. The next available showing is February 11, between 1 and 3 p.m. Property Highlights - Recently Appraised at $1,040,000 – Instant Equity for Buyers - Three separate living spaces – Flexible layout for multi-generational living, long-term rentals, or a combination of both - Four parking spaces – A premium feature in Ocean Park - Solar-powered with 32 panels, two electric meters, and a Net Metering system - Two Tesla batteries leased for uninterrupted power supply - Spacious outdoor area with potential for a pool - High Rental Demand – The strong demand for rentals makes showings difficult, reinforcing its value as an investment property Property Layout Main Building – Ground Floor Unit - 4 bedrooms, two bathrooms - Large living-dining area, full kitchen, and a charming porch - AC split units in all bedrooms and living areas Main Building – Second Floor Unit - 3 bedrooms, two bathrooms - Open-layout kitchen with balcony access - Living, dining, and family room Second Building Back of Property - 1-bedroom, 1-bathroom unit – Ideal for guests, extended family, or additional rental income Why This Property is a Great Buy - Priced Below Market Value – Buy now with built-in equity - Prime Location – Just four blocks from Ocean Park Beach, close to top restaurants, nightlife, and shopping - Move-in Ready and Fully Renovated – No need for major upgrades - Versatile Use – Ideal as a primary residence, second home, or long-term investment - High Demand Rental Property – Generates consistent income with minimal vacancies Investment Details - New Price $995,000 Recently appraised at $1,040,000 - Serious, qualified buyers only – Proof of funds required Due to high rental demand, showings are limited The next available showing is February 11, between 1-3 PM Don’t Miss Out Schedule Your Private Showing Today This is your chance to own a prime Ocean Park property at a below-market price. Given its substantial appraisal value, high rental demand, and premium location, this is a smart purchase for any buyer. Contact us today to reserve your spot for the upcoming showing before it's gone.
    842 days
    on Zillow
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    48
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    Zillow last checked: 7 hours ago

    Listing updated: April 15, 2025 at 05:23pm

    Listing Provided by:

    Victor Alonso Vega 787-525-4364,

    PR SHORT CORPORATE INTERNATIONAL REALTY 787-525-4364

    Source: Stellar MLS,MLS#: PR9097979MLS LogoOriginating MLS: Puerto Rico

    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 5
    Rooms
    • Room types: Garage Apartment
    Primary bedroom
    • Level: First
    Bedroom 1
    • Level: First
    Bedroom 1
    • Level: Second
    Bedroom 2
    • Level: First
    Bedroom 2
    • Features: Built-in Closet
    • Level: Second
    Bedroom 3
    • Features: Built-in Closet
    • Level: Second
    Primary bathroom
    • Level: First
    Bathroom 1
    • Level: Second
    Bathroom 1
    • Level: First
    Bathroom 2
    • Level: Second
    Bathroom 3
    • Level: First
    Balcony porch lanai
    • Level: Second
    Kitchen
    • Level: First
    Living room
    • Level: First
    Other
    • Level: First
    Heating
    • None
    Cooling
    • Ductless
    Appliances
    • Included: Cooktop, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Filtration System
    • Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Outside, Washer Hookup
    Features
    • Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
    • Flooring: Ceramic Tile, Porcelain Tile, Tile
    • Doors: French Doors, Outdoor Grill
    • Windows: Aluminum Frames, Storm Window(s), Shutters, Hurricane Shutters
    • Has fireplace: No
    Interior area
    • Total structure area: 3,800
    • Total interior livable area: 2,666 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 4
    • Parking features: Alley Access, Curb Parking, Off Street, On Street
    • Carport spaces: 4
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Front Porch, Rear Porch
    • Exterior features: Balcony, Garden, Lighting, Outdoor Grill, Private Mailbox, Sidewalk
    • Pool features: Above Ground
    • Fencing: Electric,Fenced,Masonry
    • Has view: Yes
    • View description: City
    • Body of water: OCEAN PARK BEACH
    Lot
    • Size: 4,073 Square Feet
    • Features: FloodZone
    • Residential vegetation: Fruit Trees
    Details
    • Additional structures: Residence, Cabana, Gazebo
    • Parcel number: 04104261508001
    • Zoning: RT-3
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Mediterranean
    • Property subtype: Single Family Residence
    Materials
    • Brick, Cement Siding, Concrete
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Concrete
    Condition
    • Completed
    • New construction: No
    • Year built: 1970
    Details
    • Builder model: Multi-family
    • Builder name: Ocean Park

    Utilities & green energy

    • Electric: Photovoltaics Seller Owned
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Natural Gas Available, Phone Available, Public, Sewer Available, Sewer Connected, Solar, Street Lights, Water Available, Water Connected
    Green energy
    • Energy efficient items: Appliances
    • Energy generation: Solar

    Community & HOA

    Community
    • Security: Key Card Entry, Security Fencing/Lighting/Alarms, Security Gate, Security Lights, Security System, Smoke Detector(s)
    • Subdivision: SAN JUAN-OCEAN PARK
    HOA
    • Has HOA: No
    • Second HOA name: Ocean Park Outside Gated Community
    • Pet fee: $0 monthly
    Location
    • Region: San Juan

    Financial & listing details

    • Price per square foot: $373/sqft
    • Annual tax amount: $1,858
    • Date on market: 1/5/2023
    • Listing terms: Cash,Conventional,Owner May Carry,Private Financing Available
    • Ownership: Fee Simple
    • Total actual rent: 144000
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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