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$1,562,500

9 DEL MERCADO UNIT 2, SAN JUAN, PR 00901

Active789 days on market

Beds

2

Baths

2

Sq Ft

1,500 sq ft

Year Built

1920

Lot Size

0.04 acres

Garage

,

About This Property

This is a two-bedroom + two full-bath condo with a private office and laundry. It has been meticulously remodeled over the past two years without sparing any expenses and currently generating an 11.9 cap rate at the asking price. We kept as many original features as possible such as the original tile in the living room and beautiful ornate hand-carved wood doors separating the guest bedroom. Every room has been updated with new AC units and ceiling fans, as well as updated plumbing and electrical. All tiles and fixtures were imported from Spain to keep with the original Spanish feel. Every exterior door has been upgraded for sound and stormproofing. All the cabinets have been custom-made and imported from the US. All new appliances have allowed us to keep the original features but with an upgraded feel. There is not one detail that has been overlooked!

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #PR9108664
StatusActive
Year Built1920
Total Rooms4
ConstructionConcrete
RoofConcrete
FoundationSlab
FacesWest
SubdivisionOLD SAN JUAN
CountySan Juan
OwnershipFee Simple

Interior Features

InteriorCeiling Fan(s)
FlooringCeramic Tile
AppliancesBuilt-In Oven, Cooktop, Dishwasher, Microwave, Refrigerator
LaundryIn Kitchen
CoolingMini-Split Unit(s)
HeatingNone

Exterior & Lot

ExteriorBalcony
Lot Size0.04 acres (1,764 sq ft)
Road SurfaceBrick
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesElectricity Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$1,562,500
Original Price$1,250,000
ZoningRT
Parcel #02209201409

Directions

Down San Francisco street, Right on Calle De la Cruz, left on Calle San Sebastian and right on Calle del Mercado

Location

9 DEL MERCADO UNIT 2, SAN JUAN, PR 00901

Listing Information

OfficeCHRISTIE'S INTERNATIONAL REAL ESTATE PUERTO RICO
ListedSeptember 5, 2024

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Home Price

$1,562,500

20% ($312,500)
6.75%

Loan Term

Principal & Interest$8,107
Property Tax (est.)$1,432
Insurance (est.)$150
Total Monthly$9,690
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Financing a Luxury Home

Specialized financing for this $1,562,500 property in SAN JUAN. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$156,250 Down

For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.

🎖️

VA Jumbo

$0 Down

VA-eligible borrowers can go above conforming limits with zero down in many cases.

🏦

Portfolio Loan

$234,375 Down

Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.

🔑

Bridge Loan

$312,500 Down

Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.

Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: November 3, 2026.

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