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Investment opportunity in Cabarete

Slideshow image
OFF MARKETthree aprtments on two floorsKitchen in main apartment
Second apartments garden and terrace Garden in front of main aprtment's terraceRented apartment's kitchen
Rented apartment's bedroomRestaurant and bar Happy guests at the barbecue pit
Swimming poolMiles of sandy beaches to exploreThree minute walk to this spot.

Investment opportunity in Cabarete
Features

Cable, Generator, Internet, Maids quarters/Laundry, Parking space, Pets allowed, Solar panels, Swimming pool

Request more information.

B-3034




PH

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U$0


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Status: Off Market
Listing #: B-3034 PH
City: Cabarete
Price: U$0
Bedrooms: 4
Bathrooms: 4
Living area (sq. Feet): 6458 / sq Meters: 600
Lot Size (sq Feet): 10828 / sq Meters: 1006

Investment opportunity in Cabarete


This is a great opportunity to own one apartment, and generate income from two other apartments, a restaurant and a shop, all within the 1006 sq mtrs of the property. The largest apartment is on the first floor with good sized lounge and breakfast bar separating the fully equipped kitchen that leads to the master bedroom with en-suite bathroom, and the second bedroom that can accommodate a king sized bed. The kitchen door leads to a pretty gravel courtyard with washroom that could easily double as a workshop. In the courtyard and attached to the first floor apartment is the second one/two bedroom apartment with small but fully equipped kitchen area and en-suite bathroom in what could be a living area, but presently used as a bedroom as if it was a studio apartment, but it has a quite separate good sized bedroom.


On the first floor is another large studio apartment with kitchen and large sun terrace overlooking the grass covered garden with a large variety of plants and shrubs Behind the first floor studio is a large flat roof that has foundations to accommodate one or two additional floors. The walled garden is very peaceful and shady. At the front of the apartments is a large gravelled area that can fit four vehicles with ease and access is through a very tall solid metal gate. Outside the main gate is a small shop that has been rented out and a  colourful restaurant and bar that is rented out to a local Dominican who knows the area and people well. It is fully fitted with industrial equipment, such as, stoves, fat friars and fridge and can accommodate 40 guests. What is very popular is the barbecue pit that seats 12 people which the present owner promotes with local tour companies and offers a choice of three pre-booked delicious meals plus local entertainment that includes musicians, and a fire- act.


The property is located on the outskirts of Cabarete' The Adventure Sports Capital of the Caribbean' in a community of condominiums, villas, and hotels and although not on the main road there is passing trade heading to one of the local beauty spots, as well, as the miles of sandy beaches that are about 150 metres away with direct access. As you will now realise this is a superb package at an unbelievable price that would suit a couple or family wanting to live near a beach and derive an income at the same time. The present owner and his tenant get on really well with the community as they are teaching the local kids how to play Street Hockey which is becoming very popular and may attract customers to the bar as it’s played outside on the road. Both apartments are rented out to long term tenants with the owners living in the third apartment.


For more information about this real estate opportunity and the buying process in the Dominican Republic, please complete the ‘Request’ box. You can also see a video of this property by clicking on YouTube.

Community features: Public transport, Restaurant
Distance to airport (km): 24
Distance to airport (miles): 15
Distance to beach (km): 0.3
Distance to beach (miles): 0.15
Distance to schools (km): 6.4
Distance to schools (miles): 4
Distance to shopping (km): 6.4
Distance to shopping (miles): 4
Distance to town (km): 6.4
Distance to town (miles): 4
Features: Cable, Generator, Internet, Maids quarters/Laundry, Parking space, Pets allowed, Solar panels, Swimming pool
Floors: 2
Furnished: Fully furnished
Lattitude: 19.74343913716519
Longitude: -70.39215087890625
Listing #: B-3034
Parking: Parking space