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Rare Investor Find!
NOW OFFERED WITH BANK FINANCING FOR UP TO 25 YEARS WITH 40% DOWN!
48 Unit Apartment Community
Exceptionally well maintained community in Bavaro/ Punta Cana
Beautiful landscaped grounds & large community swimming pool
Next to commercial plaza with grocery store, restaurants, salons, etc.
1 minute drive to main commercial business area with banks, more stores and shopping
2 minute drive to Texaco gas station, newer plazas & restuarants
3 minute drive to newer hospital/ dentist, more plazas
9 minute drive to the white sandy beaches of Bavaro / Punta Cana
15 minute drive to Punta Cana International Airport
High need apartments to accommodate the growing resort and tour operator employees,
servicing the 50 resorts in the Punta Cana/ Bavaro/ White Sands area.
2011 appraisal over $4 Million! Today’s construction cost would exceed $3.6 million
Built 2006
Comes with title & all permits so units could be sold individually
48 units in 3 separate buildings @ 830 sq. ft. (77 m2) each, with (83 m2) balconies
32 units have separate titles
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)
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
75% occupancy with excellent tenants
Average rent of $450.00 per month (including maintenance fee)
Energy efficient utilities
39,840 sq. ft. of construction
on 43,056 sq, ft. of land
Monthly expenses only $2,450 U.S. month
Nearly $18,000 month income @ 75% occupancy.
If selling individually; Tax excemption for individual units not exceeding $142,000 in value*
Serious inquiries please contact Reliable Realty DR for further information about this Exclusive Listing.
HIGHLIGHTS:
- READY TO TURN INTO CONDOS
- PROFITABLE BUSINESS AS IS (SIX FIGURE PROFITS)!
- PROPERTY NEXT DOOR AVAILABLE FOR EXPANSION
- GREAT LOCATION - AT THE END OF THE NEW HIGHWAY
- QUALITY CONSTRUCTION
- 100% OCCUPANCY RATE
- TRAINED PERSONNEL ON SITE
- GREAT MANAGER

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