Introducing a multi-family building currently operating as 1802 Guesthouse, a unique 37-unit property located in the vibrant heart of Fernández Juncos Avenue, one of the prime destinations in Puerto Rico real estate.
This guesthouse offers a mix of 7 private rooms and 30 common bed units, making it ideal for both short- and extended-stay visitors, as well as long-term tenants. Designed for convenience and comfort, the property also provides a private staff room, dining area, kitchen facilities, three exterior half bathrooms, laundry room, a welcoming reception area, and a social/TV lounge space. The sale includes all furnishings, allowing for a seamless continuation of operations.
Key Highlights
- Prime Location: Situated in the bustling Santurce neighborhood, steps away from top dining, shopping, nightlife, and cultural attractions.
- Ready: Fully equipped and furnished to operate immediately.
- Versatile Potential: Perfect for short-term rentals, student housing, or repositioning as a boutique hospitality concept.
- Ground Floor Commercial Potential: Added value for expansion or mixed-use opportunities.
- Revenue Potential: Based on appraisal analysis, the property generates a strong income stream aligned with investor expectations in today’s hospitality market.
- Attractive ROI: Appraiser indicates the property could deliver returns in line with current market standards (average yields in the 7%–12% range).
- Future-Proof Investment: Highest and best use confirmed as continued hostel operations, with flexibility for repositioning.
Appraised “ As -is” market Value
