206 Calle San Justo, Old San Juan PR 00901 | $4,800,000
Jocelyn Ucedo Agent Photo
Jocelyn
Ucedo
C. (939) 402-1264
P. (787) 468-1250
License #: C20764
Phone Jocelyn http://www.IslandHomesPR.com
RE/MAX Island Homes LLC
Villa Marina 5, Fajardo PR 00738

Puerto Rico

Details

%
Years (35 year max)
Years



AreaViejo San Juan
Sub AreaViejo San Juan -Zona Historica (Barrio)
State/ProvinceSan Juan
CountryPuerto Rico
Price$4,800,000
Property TypeHotel/Apart Hotel
Floor Space14978 Square Feet
Lot Size127.00 m²
Year Built1890
MLS® #53027

206 San Justo, San Juan PR 00901. 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 experienced local developers only . Buyer Agent fee 3%. For showing instructions, please see MLS notes. GPS 18.464817, -66.117043..

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About

My name is Jocelyn Ucedo, originally from New York City, I began my professional career in sales, licensing and franchising, working for top fashion labels in New York City's garment center.

I embarked on my exciting journey in real estate back in 2001. Over the years, I've had the pleasure of working in some of the most beautiful resort and second home markets in Spain and the Dominican Republic. In 2018, I made a significant move to the island of Puerto Rico, where I've continued to thrive in my career.

In this relatively short time, I’ve had the incredible opportunity to grow a team of amazing professionals. Together, we’ve expanded our horizons and developed exceptional Team Leaders who offer mentorship to new agents. Our team's commitment to excellence ensures that every client receives the best customer service and support.

My educational background is in Marketing. I am a member of the Mid Island Association of REALTORS®, a Certified International Property Specialist (CIPS), Pricing Strategy Advisor (PSA), Resort and Second-Home Property Specialist (RSPS)- and hold the e-PRO® certification, which allows agents to effectively use real estate technology to grow their business and make it more efficient when listing properties. I am also Fluent in English and Spanish. Lic C-20764 

Schedule a free consultation with me and let's see how I can help you sell or buy a home on our Island Paradise! >>> https://rem.ax/CallJocelyn