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Residential Villa Sol, Bavaro - 48 apartments with communal pool! RARE INVESTOR FIND!
Date & Time Listed: 2012-08-31 20:40:20 (GMT)
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Ad Details:
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
Other Details:
Number of Bedrooms: 2
Number of Bathrooms: 1
Price: 2,400,000.00 USD
Keywords:
Investment opportunity in Bavaro, Punta Cana, 48 unit appartment community in Bavaro, Punta Cana, Gated community for sale in Bavaro, Punta Cana
For more details about this listing please click here to access the webpage provided by listing owner.
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