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Fantastic Investment Opportunity 5-House Property

$549,000

Detail

  • Price Per M²:
  • Living Area (M²): 350
  • Land Size (M²): 900
  • Bedrooms: 9
  • Bathrooms: 9
  • Property Type: Apartment complex, Commercial
  • Property Status: For Sale
  • HOA ($): 88

Description

Fantastic Investment Opportunity 5-House Property with Excellent Rental Potential

Welcome to this incredible real estate opportunity in Cabarete, offering five charming houses, and a swimming pool located within a serene and well-maintained property. This complex is located in a gated residential community within walking distance of the beach. The charming tropical oasis boasts four 2-bedroom homes and one 1-bedroom dwelling, providing a diverse range of accommodation options for tenants or vacationers.

Property Highlights:

  • Diversity in Housing: Four 2-bedroom houses and a newly finished 1-bedroom house, showcasing modern designs and comfortable living spaces.
  • Swimming Pool and Tropical Setting: A swimming pool is surrounded by a stone pool deck and tropical landscaping, offering all guests access to a refreshing oasis.
  • Impeccable Maintenance: The property has undergone regular maintenance, with all major repairs efficiently handled over time. Notably, the pool pump, filtering system, and water system were recently updated just 4 years ago.
  • Low Monthly Maintenance Costs: Enjoy affordable living with monthly maintenance costs broken down as follows:
    • Association ProCab (includes security, common area gardening, street lights, etc.): 4,800 DOP (approximately 88 USD)
    • Water (including pool and all houses): Around 2,500 DOP (around 45 USD)
    • Gardener and pool maintenance: 8,000 DOP (around 150 USD)
    • Electricity (pool, water system, and main house): Around 2,500 DOP (50 USD)
  • Individual Electricity Meters: Each house has its electricity meter, allowing long-term tenants to manage their electricity costs based on usage.
  • Lucrative Rental Income Potential:
    • Long-term rentals: 2-bedroom houses at 850 USD/month, new wooden house at 950 USD/month, 1-bedroom house at 650 USD/month. Total: 3,750 USD/month.
    • Short-term rentals: 2-bedroom houses from 60-85 USD/night, 1-bedroom house from 45-65 USD/night, new wooden house expected to rent at 65-95 USD/night. With a conservative 70% occupancy, potential income can reach around 5,500 USD/month.
  • Furnished Property: Sold fully furnished, offering a turnkey solution for investors or homeowners. The majority of furniture remains in the houses, making it ready for immediate use. Stylishly decorated in a tropical contemporary style reflecting the unique Caribbean setting.

This investment opportunity 5-house property’s appeal is the rental options – catering to both long and short-term tenants – present a sound, attractive investment. The potential for lucrative returns coupled with low maintenance costs makes it a standout choice in the market.

Note: Prices mentioned are approximate and subject to seasonal variations.

Don’t miss this chance to own a well-maintained, income-generating property. Contact us today for more details and to schedule a viewing!

Address

  • City: Cabarete Bay
  • State/county: Puerto Plata
  • Neighborhood: ProCab
  • Country: Dominican Republic

Contact info

Marcel Glaser
Marcel Glaser

Inquire about this property

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