Tropical style Income property 1 min from beach Cabarete ( Puerto Plata, DO - 57000) Built

$585,000
Very affordable income property.

Sosua-cabarete-Realestate

Teresia Rosario Teresia Rosario 18297141947 (Office) 18297141947 (Cell) Request More Info

  • Beach and oceanviews
  • Type: Commercial
  • Style: Single Story
  • Bedrooms: 7
  • Bathrooms: 7
  • Development Level: Built
  • Suite: Yes

Description

Secreted off of a quiet section of pristine beach in one of the most sought after locations in Cabarete at an extremely attractive price!

This Mediterranean-style, five-family 7.5 BR 7.5 Bath Apartment Compound, Surf Camp, Boutique Hotel, includes an inviting upstairs owner’s residence and features breath-taking ocean views from its numerous porches, balconies and beautiful loft.

Expanded and completely renovated three years ago, all five residences are fully equipped and furnished down to the linens. The apartments are cooled by the constant trade winds, supplemented by ceiling fans & air conditioning. They boast German-made double-insulated windows, Italian tile floors and full kitchens. Exterior amenities include lushly landscaped grounds with an eye-catching private swimming pool surrounded by a big coralline patio, the large yoga & exercise loft with an adjoining tiled and covered porch, and a spacious rooftop balcony perfect for stargazing.
The Property is very secure, being gated and guarded by a surrounding wall. There is twenty-four hour electrical power and water, a state-of-the-art solar water heating system, a fully-equipped workshop and a new laundry room. All systems have been upgraded and all apartments are separately metered for electricity.

Owner occupied with long-term residents, the Property is currently under-utilized in terms of income. Along with the option of converting to short-term resort rentals, there is ample room for expansion and the addition of more units. A full-time, professional (and affordable) maintenance-manager is also on site to handle all operating aspects and is available to continue in service.
The beauty, tranquility, privacy and convenience offers the discriminating buyer the ability to continue with this successful operation, as well as the opportunity of tailoring it to their individual aspiration.
The hotel is the main yoga destination in Cabarete with classes held every day except on Sunday. Besides adding additional income, it serves as an exceptionally effective form of free advertising, keeping the occupancy continually at 100%.

Attachments

P2#259853952
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Information is deemed to be correct but not guaranteed.