608 Ernesto Cerra Street, San Juan, PR 00907

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.