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$642,200

condo complex sosua

Sq. Feet Sq. ft. 7112
Property ID B-3112 - OL
Property Size 7112
Property Type Condos/Apartments
Property Status For Sale
Living Area meters 662
Living Area Sq. Ft. 7125.71
View Countryside

Distances

Distance Airport km 11
Distance Airport Miles 7
Distance Beach km 0.7
Distance Beach Miles 0.4
Distance Schools km 1
Distance Schools Miles 0.65
Distance Town km 1
Distance Town miles 0.65

Features

  • Cable
  • Financing Available
  • Generator
  • Internet
  • Swimming pool

Community Features

  • Controlled access

Description

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](../page-coldwell-banker-buying-process-8.html "Buying process") in the [Dominican Republic](../info-coldwell-banker-Dominican-Republic-23.html "Dominican Republic") please complete the request for information box

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