12 Unit Apartment Building
$975,000
993 Calle Madrid, San Juan, PR 00925, Puerto Rico
For Sale
Multifamily
Student Housing
Active
Last Updated: 02/13/2025
12
Cap Rate
120,000
NOI
Details:
Cap Rate: 12%
NOI: $120,000
Units: 12
Year Last Renovated: 2023
Investment Strategy: Opportunistic
Description:
The building at 993 Calle Madrid is a 3 story, 12 unit building. The newly renovated units each consist of 2 bedrooms 1 bath with new refrigerator and stove. There are currently 2 units rented at $1,000 monthly including utilities. Walking distance to shopping, dining and University of Puerto Rico Campus. Great for student housing. Close to Auxilio Mutuo Hospital and 15 minute bridge access to international airport and Isla Verde beach.
Location
Gallery
