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Successful condo complex for sale in Sosua

Slideshow image
One  side of the poolOpposite buildingSwimming pool and social terrace
View from the penthouseView from the sun terraceTropical view from apartments
Living area of one bedroom apartmentFull length terracecomfortable sofa
Studio terraceStudio apartment popular with rentersthumb_557_sam2722custom.jpg

Successful condo complex for sale in Sosua
Features

Cable, Generator, Internet, Swimming pool, Wheel chair access

Request more information.

B-3112




PH

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U$642,200


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Status: For Sale
Listing #: B-3112 PH
City: Sosua
Price: U$642,200
Apartments: 11
Living area (sq. Feet): 7112 / sq Meters: 662
Lot Size (sq Feet):  / sq Meters:

Successful Condo complex for sale in Sosua  


Owner finance with 25% deposit


The owner of eight condos in a popular complex close to a large supermarket and walking distance to Sosua town center and beaches is offering owner financé with 25% down.  Moreover, he is willing to package a combination of apartments for anyone wanting to start a rental business with the option to sell individual apartments as each one has a title.


These are the condos on offer:


APT        SQ MRS                SQ FT    BALCONY             TYPE


                                                                                OR PATIO           


4              58           624         Yes                         1BR


6              57           613         Yes                         1BR


 


8              28           301         No                          Studio


10           28           301         Yes                         Studio


15           85           915         Yes                         2BRS


19           57           613         Yes                         1BR


21*       119       1281          Yes                         2BR


25*       146       1571          Yes                         2BR


 


 


*Apt 21 can be large 2 bedrooms, or 2 separate1 bedroom units


*Apt25 is a two storey deluxe penthouse, super kitchen and large patio.


 


The condo complex has a large pool and club house with sun terrace where guests can hold parties, barbecues, or simply relax and enjoy the sunshine and the tropical foliage and flowers that are a feature of the three storey complex.


The complex sees many returning clients, as well as, having long term renters who enjoy the peace and quiet but also the convenience of shops, restaurants and the high road where you can be in Cabarete within 20 mins for under a dollar.. The complex has a full time administrator, and condo association with reserves in the account but most areas, including the pool have been refurbished and painted recently. The owner has a rental manager who also manages his apartments who you could use if you didn’t want to be here all the time.


 


The rooms are comfortable with all the facilities needed by a renter including fridges and kitchen. All rentals include WIFI, cable tv, security safe, electric but there is a daily fee for the air conditioning, and cleaning 3 times a week for short term renters.  The penthouse rents out for $875 a week with a sliding scale depending on the length of stay, whereas an economy study rents out at US$275 a week.


 


This is a rare opportunity to select a number of units from one to eleven in the same complex and generate income from renting them out and selling them at a later date if you so wish.


For more information about this successful business and the real estate buying process in the Dominican Republic please complete the request for information box

Community features: Controlled access
Distance to airport (km): 11
Distance to airport (miles): 7
Distance to beach (km): 0.7
Distance to beach (miles): 0.4
Distance to schools (km): 1
Distance to schools (miles): 0.65
Distance to shopping (km): 0
Distance to shopping (miles): 0
Distance to town (km): 1
Distance to town (miles): 0.65
Features: Cable, Generator, Internet, Swimming pool, Wheel chair access
Financing Available: Yes
Floors: 3
Furnished: Fully furnished
Gated community: Gated access
Lattitude: 19.756687344678106
Longitude: -70.51042556762695
Listing #: B-3112
View: Countryside