515 Barbe Street Santurce (San Juan, Puerto Rico, US - 00912) Built

$350,000
Eligible for "property tax exemption"

Ilia Martinez & Associates

Ilia Martinez Ilia Martinez (787) 640-2546 (Office) (787) 378-0378 (Office) Request More Info

  • Art Deco historical building -10 units
  • Type: Commercial
  • Style: Other
  • Size: 7,500 sq. ft.
  • Development Level: Built
  • Lot Size: 250 sq. m.
  • Year Built: 1975

Description

The building consists of 10 apartments with 7,500 sq. ft. of living space and 250 sq. mts. Property is eligible for historic site tax exemption. Exemption must be requested to Puerto Rico Culture Institute by the new owner. CRIM w/o tax exemption: $3,254 annually, 6 electric meters; 1 per floor (5) and 1 for common areas. 600-gallon water cistern and in line heaters in apartments. The building has no elevator or parkings.

**Apartment units are currently vacant** Breakdown of past rents:

1st floor (3 apts.); studio ($375), 1/1 ($375), 3/1 ($550).
2nd floor (2apts); studio ($300), 3/2 ($600).
3rd floor (2 apts); 3/1 ($550) 3/1 ($550),
4th floor (2 apts.); 3/2 ($600), studio ($325),
5th floor (1 apt.); 2/1 ($550).
Total past rents: $4,725 monthly

Attachments

P2#266135963
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Information is deemed to be correct but not guaranteed.