ENJOY THE LOCAL FLAIR & GENERATE RENTAL INCOME! 6-UNIT BUILDING RENOVATED AND UPCYCLED! Main Street (Cabarete, Puerto Plata, DO - 57000) Built

$445,000 USD

Caribe Connection Real Estate

Isel Arias Viñas Isel Arias Viñas +1 (849) 220-5050 (Cell) Request More Info

  • GREAT INVESTMENT OPPORTUNITY!
  • Type: Condominium
  • Style: 3 Story
  • Bedrooms: 7
  • Bathrooms: 6
  • Size: 450 sq. m.
  • Development Level: Built
  • Lot Size: 157 sq. m.
  • Condo Fees: $275.00 USD
  • MLS #: POPCA-735OSX

Description

The investment opportunity you were waiting for in the most bohemian district in town, the real local flair of Cabarete: A 3-story building including a total of 6 units and a delightful roof-top terrace for all tenants to enjoy. The building is fully functional, well equipped and maintained, with many up cycled features and decor all of its own and most importantly, 100% ready! Owner financing may be available.

About the property: The land has 157 M2. The building has a total constructed area of approx. 450 M2. Each apartment has its own independent entrance, kitchen, living room and bathroom, some with their own private balconies or terrace. There's a roof-top terrace with a lounge area for everyone to enjoy! More details below:

The building distribution over 3 levels is as follows:

1st FLOOR (GROUND):
Apartment 1: Two-bedrooms, one-bathroom, living room, kitchen and mini side terrace.
Apartment 2: One-bedroom loft style with living room and private balcony

2nd FLOOR:
Apartment 3: One-bedroom, bathroom, living room& open kitchen. Private balcony.
Apartments 4 & 5: One-bedroom, open kitchen with breakfast bar, bathroom.

3rd FLOOR:
Tiny-home style penthouse studio.
Generously-sized terrace lounge rooftop with covered kitchen, dining & living area, BBQ and gardening area. There’s also a storage and the utilities room and a guest toilet.

About the utilities:
Most electricity and plumbing has been redone. Water cistern underground, 2 water reserves on the rooftop & solar powered water tank with 2 new pumps and solar water heater with electricity back-up. Every apartment is metered separately and each has a back-up power through two inverters of four batteries each, generating 6 to 8 hours of extra energy.

4 of the 6 apartments have air conditioner and the other 2 have the pre-installation ready for a new split unit. All apartments have ceiling fans (2 or 3 per apt.).

Schedule your showing today!

We are the Dominican Republic's local Real Estate Experts:

Isel Arias & Team
Caribe Connection Real Estate.
1.849.220.5050

Follow us on social media:
Instagram: @caribe_connection
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Attachments

Features

Interior Features

  • Ceiling Fan
  • Guest Quarters
  • Laundry Room
  • Tile

Roof

  • Asphalt
  • Asphalt Shingles

Cooling

  • 3+ Window / Wall Unit
  • Ceiling Fan

Sewer/Water Systems

  • Public
  • Septic
  • Water District

Extra Features

  • Cable Available
  • Furnished
  • High Speed Internet Available
  • Pets Allowed
  • Pets Allowed (under 20 lbs.)
  • Storage
P2#551500324
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Information is deemed to be correct but not guaranteed.