Apartment resort for sale in Sosua

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ResortApartmentkitchen Area
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Apartment resort for sale in Sosua

Cable, Generator, Internet, Parking space, Pets allowed, Satelite, Swimming pool, Telephone

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Status: For Sale
Listing #: B-12142 LG
City: Sosua
Price: U$1,050,000
Bedrooms: 16
Bathrooms: 17
Apartments: 16
Living area (sq. Feet): 10225,71 / sq Meters: 950
Lot Size (sq Feet): 86111,28 / sq Meters: 8000

Owner financing available

Apartment resort for sale in Sosua

This is a successful fully operating apartment complex for sale in Sosua down town. It is close to supermarket, bar, restaurant and to the beach. The apartment resort has 15 apartments and 3 bedrooms with private bathroom, 4 tennis courts, a large pool, two typical Kiosko bar and a very large covered terrace where is possible to have a restaurant only building a kitchen. All apartment units have a large living room with kitchen, 1 bedroom and 1 bathroom and all the units are fully furnished and equipped. The actual owner suggests to reduce the number of the tennis courts at two and use this space to build others apartments or bungalows with another pool. Other possibilities are to build two villas using for rent or for the new owner to live in. This property is in excellent condition and has a great rental turnover. Awesome investment opportunity! 

Situated on a large piece of land that is nearly 2 acres, this hotel has ample space and the possibility to have a large parking space.

This is a fantastic opportunity for investors looking for a bargain deal that has the potential for substantial added value for only a minimal investment. This apartment residence is currently a 3 star and can be easily upgraded to a 4 or 4.5 star, only renovating the furniture of the apartments. Condo-hotels or condo complex are becoming increasingly popular as investors recognize the benefits of full amenities in investment properties. The proximity to Sosua center and the beach make this property a fantastic opportunity on the market. Sosua has many tourists staying here from a few days until two weeks and also many people living here during all the winter, so the apartments can be renting for short term and long term. 

The resort is only 10 minutes from the Puerto Plata airport and in the opposite direction, only 10  minutes driving there is Cabarete

The seller is willing to consider to financing.

If you want to know more about this great opportunity please complete the box and a real estate agent will answer you!

Community features: Controlled access, Pool, Restaurant, Tennis
Distance to airport (km): 11.2
Distance to airport (miles): 7.0
Distance to beach (km): 0.8
Distance to beach (miles): 0.5
Distance to schools (km): 1.6
Distance to schools (miles): 1.0
Distance to shopping (km): 0.8
Distance to shopping (miles): 0.5
Distance to town (km): 0.8
Distance to town (miles): 0.5
Features: Cable, Generator, Internet, Parking space, Pets allowed, Satelite, Swimming pool, Telephone
Financing Available: Yes
Furnished: Fully furnished
Lattitude: 19.777748921423246
Longitude: -70.50177812576294
Listing #: B-12142
Parking: Allocated parking space
View: Countryside