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$1,990,000

8 Beds 5 / 2 Full / Half Baths 1,834 SQFT 0.07 Acres
Type: Single Family

608 ERNESTO CERRA STREET
SAN JUAN, PR 00907

MLS#: PR9123500
Jesse Schneider
Jesse Schneider
The Real Estate Advantage
Realtor
Phone: 612.386.6490
Office: 952.224.8800
Presented by: JOEL A KATZ with 787-587-4331. - 787-587-4331

Property Description

 

Low Rate Seller Financing Available!! This recently renovated property presents an incredible investment & short-term rental property, featuring four separate units with a total of 8 bedrooms and 7 bathrooms, along with multiple outdoor entertainment spaces and a resort-style rooftop. The property offers a total of 4,316 sq. ft., including 1,858 of interior living space, a 345 sq. ft. carport, and 2,113 sq. ft. of outdoor space comprising the rooftop deck and terraces. The ground level features two units. The first offers a fully equipped, remodeled kitchen, spacious living area, 3 bedrooms, and 2 bathrooms. The second is a 1-bedroom studio-style unit featuring a large luxury bathroom and a brand-new kitchenette. Upstairs, there are two additional units. The third unit features 3 bedrooms, 1 bathroom, and a kitchenette, while the fourth offers 1 bedroom, a living area, and a kitchenette. One of the property's standout features is its resort-style rooftop entertainment space, complete with a private pool, outdoor shower, and outdoor kitchen and bar equipped with a propane grill and ice maker—an ideal setting for entertaining and enjoying the outdoors. Beyond the rooftop, the property also features two additional outdoor terraces, providing even more space for lounging, entertaining, and relaxing. The property has been extensively updated with new bathrooms and flooring throughout and is equipped with a generator and water cistern for added convenience. Located on Calle Ernesto Cerra, the property is positioned just one block from Miramar Food Truck Park and Calle Cerra, placing it near some of the area's popular restaurants, entertainment, and nightlife. It is also approximately a 10-minute drive from Luis Muñoz Marín International Airport. With four individual units, extensive renovations, and exceptional outdoor amenities, this property offers a unique opportunity for an income-producing investment, short-term rental operation, or multifamily property in a vibrant San Juan location. This property is one of the few being featured on the Puerto Rico episode of Staycation - a show that takes you on a journey through some of the most beautiful and unique vacation rentals around the globe. The Seller successfully rented the property for ~$800 a night (after fees) with five-star reviews, while more than one-third of the property was not made available for short-term rental use.


 

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Half Baths2
Total Baths7

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringTile
Furnished Y/NFurnished
Heating Y/NNo
Interior AmenitiesNinguno
Laundry FeaturesOther

General

Additional Parcels Y/NNo
AppliancesBuilt-In Oven, Cooktop, Dishwasher, Freezer, Refrigerator, Washer
Building Area Units0 sqft
Carport Spaces1
Carport Y/NYes
CitySAN JUAN
Construction MaterialsConcrete
CoolingMini-Split Unit(s)
CountySan Juan
DirectionsMake a right on Avenida Ponce de Leon. Make a left on Calle Ernesto Cerra. Keep straight and the property is on your right.
Facing DirectionEast
Flood Zone Coden/a
Full Baths5
Garage Y/NNo
HeatingNone
In Law Suite YNNo
Land Lease Y/NNo
Lease Considered Y/NYes
LevelsThree Or More
Living Area Units0 sqft
Lot Size Square Feet2,939 sqft
Lot Size UnitsSquare Feet
MLS Area00907 - San Juan
Minimum Lease1-7 Days
New ConstructionNo
Occupancy TypeOwner
OwnershipFee Simple
Patio/Porch FeaturesDeck
Pets AllowedYes
Pool FeaturesAbove Ground
Property ConditionCompleted
Property SubtypeSingle Family Residence
Property TypeResidential
RoofConcrete
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameSANTURCE
Total Rooms3
UtilitiesElectricity Connected, Water Connected
ViewCity
Water Access Y/NNo
Water View Y/NNo
Year Built1940
ZoningRESI

Exterior

Building Area Total4,316 sqft
Covered Spaces1
Exterior AmenitiesOutdoor Grill, Outdoor Kitchen
Foundation DetailsConcrete Perimeter
Lot Size Acres0.07
Lot Size Area2,939 sqft
Private PoolYes
Road Surface TypeAsphalt
Water SourcePrivate
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$1,990,000

8 Beds 5 / 2 Full / Half Baths 1,834 SQFT 0.07 Acres
Type: Single Family

608 ERNESTO CERRA STREET
SAN JUAN, PR 00907

MLS#: PR9123500
Jesse Schneider
Jesse Schneider
The Real Estate Advantage
Realtor
Phone: 612.386.6490
Office: 952.224.8800