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: Residential
  • 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

Are you an investor looking for a high-return property with great rental potential? Check out this recently renovated apartment complex located in the heart of the city. With six fully furnished units, this property is perfect for short and long-term rentals. Each apartment features a kitchen, comfortable living space, and private bathroom, providing all the amenities guests need for a great stay. The property also features a communal rooftop terrace with stunning views of the city, perfect for relaxing and entertaining. This is a turnkey investment opportunity, with great potential for high returns. Don't miss your chance to own this fantastic property!

This beautiful property is located in the up-and-coming Callejón de la Loma, on Calle 4, just a 7-minute walk from the beach. The property boasts 157 square meters of land and approximately 450 square meters of construction spread out over three floors. It consists of six independent apartments, each with its own private entrance, kitchen, living room, and bathroom. Some of the apartments have their private balconies or terraces, perfect for enjoying the mountain views.

The property has been completely "upcycled" and renovated, with most electricity and plumbing jobs redone since its purchase four years ago. The apartments are fully functional, well equipped, and maintained, with air conditioning in four of the six units, and the remaining two wired and ready to connect. All apartments are metered separately, with backup power through two inverters of four batteries each, generating 6 to 8 hours of extra energy. The solar power hot water system provides unlimited and environmentally friendly hot water to all apartments.
The communal rooftop terrace is a true gem, complete with a covered thatched roof, a full kitchen, a BBQ, a dining room, a living room, laundry, utility storage, extra garden space, and stunning mountain views. This property is currently used as a short, mid, and long-term rental "apart-hotel" style, making it an excellent opportunity if looking to operate a small business. It is 100% ready to go, and the price is all-inclusive, including furniture and accessories. The owner financing may also be available.

The location of this property is ideal, with multiple bars, restaurants, and convenient stores within a 1-5 minute walk, and the center of town just a 10-minute walk away. The building is located in a safe area with a local and friendly neighborhood. This area of Cabarete is currently booming and expected to keep growing in the near future making this property an excellent investment opportunity. All proper titles and "deslinde" are in order, making this property an easy and straightforward purchase.

Want to know more? Chat with us or give us a call!

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

Caribe Connection Real Estate.
1.849.220.5050
1.829.637.5151

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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.