206 San Justo 30 room unit property, en San Juan - Viejo SJ Puerto Rico
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206 San Justo 30 room unit property en San Juan - Viejo SJ, Bienes Raices San Juan - Viejo SJ en Viejo San Juan -Zona Historica Puerto Rico
For sale upstairs only with lobby street level entrance for a 30 room hotel development or luxury apartments-Flrs. 2,3,4 & roof top + views. There is a tourism tax incentive of 40% tax credit on the purchase price with the total rehabilitation, as well as marketing and labor. (Example with tax credit purchase $5M + $5M rehab = $10M total minus 40% tax credit of $4M that can be sold in the open market for $3.5M = Net cost of $6.5M against a property that would be worth at least $13M+ If you use a leverage and purchase with $1M cash down payment you will get over $6M in net return in 2.5 yrs). Possible partnership with qualified local developers only. GPS 18.464817, -66.117043
Bienes Raices San Juan - Viejo SJ Puerto Rico, Viejo San Juan -Zona Historica
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Real Estate for sale in Viejo San Juan -Zona Historica Puerto Rico , San Juan - Viejo SJ Puerto Rico |