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26938933
26938858

Caminos Los Navarros, San Juan PR 00926, null, PR

$3,000,000
275 days on market
Updated 29 days ago

VILLA COLINA

Details
APN 171-000-004-35
Property Type Multifamily
Sub Type Apartment Building
Square Footage 122,685
Units 28
Cap Rate 10.33%
Pro-Forma Cap Rate 10.33%
Pro-Forma NOI $310,000
Price per SqFt $24
Class B
Year Renovated 2025
Stories 1
Acreage 2.820
Ownership HIBISCUS PR 51 LLC

Excellent Multifamily of 28 Units with good ROI of 10.33% with high market demand

Marketing description

28-Unit Multifamily Development | Barrio Quebrada Arena, San Juan, PR

Offered at $3,000,000 (Partial Remodel) $3,500,000 (Fully Renovated)

Proforma NOI: $310,000 Expansion-Ready Lot Included

Unlock the potential of this income-generating multifamily complex located in the heart of Barrio Quebrada Arena, one of San Juan’s most strategically positioned residential zones. Featuring 28 apartments—a mix of (4) 2-bed/1-bath and (24) 3-bed/1-bath units—this property offers immediate cash flow and long-term upside.

With a projected NOI of $310,000, investors can acquire the asset as-is for $3M or opt for a fully remodeled package at $3.5M, maximizing rental income and tenant retention.

The property includes:

• A 15,000-gallon cistern ensuring water continuity

• A dedicated electric generator powering the entire complex

• A remnant lot ideal for future development, segregation, or resale

Whether you're seeking stabilized returns or a value-add repositioning, this asset delivers scale, infrastructure, and flexibility in one of Puerto Rico’s most resilient housing markets.

Investment highlights

Barrio Quebrada Arena, San Juan, PR

28-Unit Multifamily Complex + Expansion Lot

Proforma NOI: $310,000 | Asking: $3M (Partial Remodel) / $3.5M (Fully Renovated)

• ✅ Strong Income Potential: Projected NOI of $310,000 with stabilized occupancy and optimized rents

• 🏗️ Value-Add Flexibility: Acquire as-is or fully renovated for premium returns and tenant retention

• 💧 Resilient Infrastructure: 15,000-gallon cistern + full-building electric generator

• 📐 Expansion Opportunity: Remnant lot allows for future development, segregation, or resale

• 📍 Strategic Location: Positioned in a high-demand corridor of San Juan with access to transit, commerce, and workforce housing

• 🏢 Unit Mix: 2-bed/1-bath and 3-bed/1-bath layouts ideal for long-term tenants and families

• 💼 Ideal for Investors: Perfect for buy-and-hold, value-add, or 1031 exchange strategies

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