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Cheryl Henderson , REMAX Tropical , Broker/Owner, DR4Sale809-552-0359 (Office)829-904-7048 (Cell)305-397-2153 (Fax)Request More Info
Smooth Running Rental Business!
Bedrooms: 2 "In Each Apartment"
Bathrooms: 1 "In Each Apartment"
Size: 42,914 sq. ft. "Total Construction Area"
Lot Type: Rectangular
Year Built: 2008
MLS #: 70088914
48-apartment condominium operation running smoothly is up for sale by owner!
Villa Sol is a community in pristine condition, and this has come to be appreciated by owners and neighbors alike. With a strong administrative team on top of things the general areas, exterior walls, parking lots, stairs and all condos, have received regular maintenance and stay in top shape.
The community consists of 48 apartments, each with 2 bedrooms and one bathroom, that come completely furnished. Over time, and with many tenants renting for over 3 years, some of these condos are now very personalized while others retain the basic decor and flavor. All of them, however, are in excellent condition and rentals are all current.
There is an in-house maintenance team providing regular upkeep of the premises, namely repairs, exterior painting, pool cleanup and security. The security level is beyond anything else for residents in the area, with 24/7 cameras recording, barbed wire in the perimeter wall and gated access.
The community serves mostly year-round residents and not tourists. This means that, for a minimal percentage less than tourist condos rent for, you have an operation with stable income and occupancy rates over 90% year-round.
Building this operation again would cost much, much more than what this community is now offered for. It's an opportunity unlike any other in Bavaro/Punta Cana. Titles are on hand. Don't pass it up!