Rare Find 48 Unit Apartment Complex For Sale

Business description

Dominic Republic 48 Unit Apartment Complex For Sale. Great investment as rental properties. All units in 3 buildings
are also available for individual sale! Let your money do the work for you while you enjoy the lifestyle. Rare Investor Find! Today’s construction cost would exceed $3.6 million! Exceptionally well maintained community in Bavaro/ Punta Cana. There is a high need for apartments to accommodate the growing resort and tour operator employees, servicing the 50 resorts in the Punta Cana/ Bavaro/ White Sands area. Beautiful landscaped grounds and large community swimming pool. Next to commercial plaza with grocery store, restaurants, salons, etc. Just a few minutes from the main commercial business area with banks, more stores, shopping, gas station, newer hospital/ dentist, etc, 9 minutes drive to the white sandy beaches of Bavaro / Punta Cana and only 15 minute drive to Punta Cana International Airport. How more central can you be?
Built 2006. Comes with title and all permits so units could be sold individually. 48 units in 3 separate buildings @ 830 sq. ft. (77 m2) each, with (83 m2) balconies. 1 office/ Storage/Staff building. Utility/ Cable building. Transformer area. Cisterns and pumps area. Community Pool area. 54 Parking spaces (front and back of building). Gated community with 24/7 security. Laundry room in each building (coin operated commercial machines). Energy efficient utilities. 39,840 sq. ft. of construction on 43,056 sq, ft. of land. Units: 2 Bdr / 1 bath. Full kitchen (refrigerator, oven-stove) Living room, Dining area. Fully furnished. 2 A/C’s in each unit, ceiling fan in Living room. Income: 75% occupancy with excellent tenants. Average rent of $515.00 per month (including maintenance fee). Nearly $18,540 month income @ 75% occupancy. Monthly expenses only $3,130.00 month. Tax exception for individual units not exceeding $142,000 in value. Bedrooms: 96. Bathrooms: 48
Furnished Community Features completely landscaped with patio, tees and shrubs, pool, security guard, pet friendly, storage and more. Occupancy: 75%. Call for more information.

Property information

Real Estate:

Real Property Included

Location:

Located in Bavaro-Punta Cana, Dominican Republic. An island and hence not involved in any geopolitical conflicts of interest. Considered a model democracy in Latin America. They have some of the highest economic growth rates in the world year in and year out. Have a very homogeneous population with no clash of cultures. Call for more information .

Premises details:

48 units in 3 separate buildings @ 830 sq. ft. (77 m2) each, with (83 m2) balconies. 1 office/ Storage/Staff building. Utility/ Cable building. Transformer area. Cisterns and pumps area. Community Pool area. 54 Parking spaces (front and back of building). Gated community with 24/7 security. Laundry room in each building (coin operated commercial machines). Energy efficient utilities. 39,840 sq. ft. of construction on 43,056 sq, ft. of land. Units: 2 Bdr / 1 bath. Full kitchen (refrigerator, oven-stove) Living room, Dining area. Fully furnished. 2 A/C’s in each unit, ceiling fan in Living room. Income:

Other information

Expansion potential:

There is a high need for apartments to accommodate the growing resort and tour operator employees, servicing the 50 resorts in the Punta Cana/ Bavaro/ White Sands area.

Competition / Market:

No concerns

Support & training:

As required

Reasons for selling:

Call for details