ππ’ **Prime Commercial Property in San Juan, PR!** π’π
π£π£π£ **Asking Price: $1,000,000** π£π£π£
Let me show you how to buy this property on Seller finance, (30% down), get delayed payments up to a year, and I will show you how to get financing for the rehab. PLUS I will connect you with the Puerto Rican Tourism department who will approve you for a tourism project.
TOURISM PROJECTS: The Government of PR in an effort to encourage tourism has missed several programs. One of which allows the owner of a small hotel to get 40% of their money back from the project in tax credits. Those tax credits can be sold for 95 cents on the dollar. So here is the simple math:
$1 million purchase price
$1 million rehab budget
$100k first year operating budget
______________________________
$2.1 million x 40% = $840,000 in PRican Tax Credits
You can use that to pay your taxes OR you can sell them for cash
($840k x 95 cents = $798,000 in your pocket)
π **Perfect Location:**
- π Heart of the University District
- π Near Train Station
- π Steps from Antilles College of Health & University Sagrado Corazon
π’ **Property Details:**
- π Built in 1980
- π 18,100 sq ft Total
- π³ Sits on 0.5 acres
- π First Floor: 6,000 sq ft of Commercial Space
- π Floors 2-3: 11 Residential Units (3/4 Bed each)
- π’ Three Levels of Versatility
- ποΈ Linoleum and Concrete Floors
π **Investment Highlights:**
- πͺ Use for Self Storage, Nightclub, Retail, Section 8 Housing, or a Boutique Hotel
- π **40% Cost Reimbursement** available through Puerto Rican Government Tax Credits
- π₯ Must-Watch Video: Partner Robert Crager breaks down the Boutique Hotel conversion potential
π **Neighborhood Snapshot:**
- π³ Nearby Areas: Santurce, Viejo San Juan, Sabana Llana Sur, Cangrejo Arriba
- π½οΈ Restaurants: 0.02 mi
- π Groceries: 0.3 mi
- β Cafe: 0.3 mi
- π² Parks: 0.3 mi
- πΌ Shopping: 0.1 mi
- π Entertainment: 0.3 mi
π¦ **Financials:**
- π΅ **Seller Financing Available** with 30% Down
- π Potential for High ROI with Strategic Development
π **Interested?** Call/Text: (404) 795-4288
π±οΈ Ready to Make an Offer? Click "Make an Offer"
π Want the Contract Today? Click "Win it Now for $1,000,000"
πππ **Don’t Miss This Unique Opportunity!** Own a strategic piece of San Juan’s bustling commercial and educational hub! πππ
π£π£π£ **Explore, Invest, and Transform with Us!** This is your chance to leverage a prime location for diverse business opportunities in the vibrant heart of San Juan! π£π£π£
Sight-unseen offers with no DD prioritized.
Must close with our preferred title company.
The buyer pays all closing costs.
The deal is not final until EMD is received.
We DO NOT work with Keyglee & New Western
All terms are ultimately negotiable, if offer is AMAZING!
πππCheck out this amazing opportunity to grab this (off-market) deal. This is the one you have been waiting for to add to your portfolio before the end of the year! This one is clean and ready for tenant, or you can close and do a light rehab for bigger profits π΅. Either way, you can't go wrong on this deal!!!
π£π£ Don't miss out on the chance to grab this hot deal! I have deeply discounted it for a CASH BUYER WHO KNOWS A DEAL WHEN THEY SEE ITπ΅π΅π΅... Don't be that buyer that calls me next week and I have to tell you it's gone already. This is the deal you have been waiting for!!!
Make sure you watch the video at the bottom of this page...Robert Crager is our partner on this deal in PR. He breaks down the numbers of how to turn this into a Boutique hotel and get 40% tax credits back.
βοΈ Call Jasmin OR shoot her a π± text for more info on this killer deal!!!!
Office Number: (404) 795-4288
πͺ You can click the π WIN IT NOW button and avoid all the bidding and π lock this one down right now π₯³
Make sure you watch the video at the bottom of this page...Robert Crager is our partner on this deal in PR. He breaks down the numbers of how to turn this into a Boutique hotel and get 40% tax credits back.
*Important Notes & Disclaimers*
Approaching the seller at any point is prohibited. Anyone who does will be permanently removed from our buyer's list AND black-listed with all other major wholesalers in the area. Further, such contact will be viewed as intentional interference with a contract and may result in legal action being brought against you.
We are under contract with the seller of this property and are therefore a PRINCIPAL in the transaction.
Buyers are encouraged to perform their own due diligence regarding properties advertised by SecretInvestorsClub.com. Information provided by SecretInvestorsClub.com about advertised properties is taken from public records and other sources, is provided in good faith, but is not guaranteed to be accurate. After renovated value ("ARV"), estimated repair costs, and other such figures are simply estimates; as such, buyers should conduct their own analysis and diligence regarding all aspects of the property prior to offering/purchasing.
1960 Borinquen - Video Walkthrough
Jerry Norton Buys a Hotel In Puerto Rico Seller Finance from Robert Crager
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