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.
For more information contact us today, we are the Dominican Republic real estate experts!
Isel Arias & Team
Caribe Connection Real Estate
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CARIBE CONNECTION is a company of Real Estate Connecting Agency 77 S. R. L., members of the AEI and official REALTORS®️.
