Are you ready to capitalize on a smart investment opportunity that delivers not only steady financial gains but also a vibrant urban lifestyle for your tenants? Welcome to 438 Ensenada a prominent multi-unit property ideally located in the sought-after Caparra Heights neighborhood of San Juan. This property features six apartments, all currently rented, generating over $40,000 in annual gross revenue—a testament to its desirability and profitability. 438 Ensenada consists of an assortment of units tailored to meet diverse tenant needs: three 1-bedroom apartments, a spacious 3-bedroom unit, and two practical studio apartments. Each apartment is accompanied by its own designated off-street parking spot, a valuable commodity in urban settings that significantly enhances tenant satisfaction and retention. The building's robust concrete construction on a corner lot ensures durability and low maintenance, while separate electric meters for four of the units streamline the management process. The two studio units share an electric bill, simplifying utility payments and operations. Situated just one block from the tranquil Bosque de San Patricio, this property offers a unique blend of urban convenience and natural beauty. This proximity to a lush park area is a huge draw for potential tenants looking for peaceful living spaces close to city amenities. The serene environment around the park makes the neighborhood not only desirable but also a quieter, more pleasant place to live. Caparra Heights itself is a hub of convenience and activity, located just a few blocks from major amenities that are vital for everyday living. The nearby San Patricio Mall, SuperMax, and Marshalls ensure that your tenants have everything they need within easy reach. These shopping and grocery options are not just conveniences but necessities that make the neighborhood highly attractive for current and prospective tenants. Moreover, the area boasts a variety of dining options, enhancing the urban experience and providing tenants with multiple choices for dining out, whether they’re looking for quick eats or a more refined culinary experience. The neighborhood's accessibility is boosted by a reliable public bus line along Roosevelt Avenue, making commutes to downtown San Juan effortless. This ease of transport is especially appealing to tenants. The proximity to the SSS Office Building opens up numerous rental opportunities from professionals who prefer living near their workplace, thereby ensuring a steady demand for your rental units. Each unit here qualifies for Section 8 housing, which not only broadens the potential tenant base but also offers the possibility of reliable, government-subsidized rent payments, enhancing the investment's security and yield. Investing in438 Ensenada means more than just owning a property; it means providing a coveted lifestyle in Caparra Heights that attracts and retains tenants. The blend of urban convenience, natural beauty, and robust community facilities makes this property a standout investment that promises not just returns but a thriving, vibrant community for tenants. Imagine being the landlord of a property, drawing keen interest from potential renters and providing you with a steady and reliable income stream. Take the first step toward securing this prime real estate asset and see how 438 Ensenada can become a cornerstone of your investment portfolio.

Listing courtesy of STELLAR_MLS / PARAISO REALTY

Last checked: Checking… • Last updated Oct 17, 2024 • Source: STELLAR_MLS

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