$650,000

Located in MIRAMAR, the historic property tax exempted area of San Juan, this Spanish colonial home offers an excellent opportunity for restoration either as a grand single family residence or to develop a multi-family property of several units in a unique cultual value location. The residence presently is divided into 3 separate units each with its own kitchen, living areas, bedroom and bath. One of these apartments is rented. The home has already an extensive renovation consisting of a brand new complete “Galvalum” roof and other remodeled structures. It presently features 3 bedrooms, 4 bathrooms, a spacious living and dining room, 3 additional sitting/family rooms (could be turned easily into 3 additional bedrooms), 3 kitchens, laundry. There are 2 guest rooms in the second and in the third floor with interior connections and exterior independent entrances and their own additional living rooms and individual kitchens. The garage and driveway accommodate up to 3 or 4 vehicles. The house lay-out provides the opportunity, with its versatile spaces, to do an array of renovation or transformation projects. The property’s renovation is in process. It has been under construction but is currently unfinished. For this purpose, the property includes design and architectural plans with permits to facilitate the completion of this renovation or transformation. Also there are additional plans to convert the property to several airbnb apartments if desired. Whether you are looking for a unique home or for an investment project, this large house provides a great opportunity in a prime central location in the metro area. This property is ideally located in a coveted neighborhood near the renowned Conservatory of Music, a top notch elementary and secondary school, great hotels, movie theaters and restaurants, the Condado Lagoon and near everything that Miramar, Condado and San Juan have to offer.