[[800]]405 Rafael Drive is listed for sale at 509,000. The Multi-Family property has 0 bedroom, 4456 square feet, and was built in 2022. The lot size is 10415.2 Square feet.[[500]]Excellent investment opportunity in San Juan! Built in 2022, this modern fourplex features four spacious 3-bedroom, 2-bath units with approximately 1,114 sq. ft. each and combined monthly rents of 5,125. Offered at 509,000, the property generates 61,500 in annual gross income and an estimated 43,419 NOI, producing an attractive 8.53 cap rate based on the expenses provided. Three matching fourplexes are available and may be purchased individually or together as a 12-unit portfolio for 1,527,000. Combined, the portfolio generates approximately 184,500 in annual gross income with an estimated 130,257 NOI, maintaining an 8.53 cap rate-an outstanding opportunity to acquire newer construction with immediate income and long-term portfolio potential. And theres still room to negotiate - which means...an even BETTER CAP RATE.
Excellent investment opportunity in San Juan! Built in 2022, this modern fourplex features four spacious 3-bedroom, 2-bath units with approximately 1,114 sq. ft. each and combined monthly rents of $5,125. Offered at $509,000, the property generates $61,500 in annual gross income and an estimated $43,419 NOI, producing an attractive 8.53% cap rate based on the expenses provided. Three matching fourplexes are available and may be purchased individually or together as a 12-unit portfolio for $1,527,000. Combined, the portfolio generates approximately $184,500 in annual gross income with an estimated $130,257 NOI, maintaining an 8.53% cap rate-an outstanding opportunity to acquire newer construction with immediate income and long-term portfolio potential. And there''s still room to negotiate - which means...an even BETTER CAP RATE.
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
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