Venta - Sale MultiFamiliar, Viejo San Juan -Zona Historica - Bedrooms | Habitaciones 0 Baños| Bathrooms 0 San Juan - Viejo SJPR 4800000
206 San Justo 30 room unit, Old San Juan, en San Juan - Viejo SJPuerto Rico MultiFamiliar en Barrio-Viejo San Juan -Zona Historica de 0 Cuartos y 0 Baños
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
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
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