Punta Cana Real Estate, Punta Cana Condos, REMAX Punta Cana, Dominican Republic Real Estate, Bavaro Beach Condos,

48-Apartment Full Condo Community For Sale Business Investment Bavaro Punta Cana Real Estate Friusa (Bávaro, La Altagracia, DO - 00000)

$2,400,000 USD
Undervalued Investment!

Punta Cana Real Estate, REMAX Tropical, DR4Sale.com Bavaro Beach Punta Cana

Cheryl Henderson Cheryl Henderson 809-552-0359 (Office) 305-853-8092 (Office) 829-904-7048 (Cell) 305-397-2153 (Fax) Request More Info

  • Smooth Running Rental Business!
  • Type: Condominium
  • Style: Other
  • 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

Description

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!

Attachments

Highlights

  • All Apartments Furnished
  • In Friusa, downtown Bavaro for hotel and resorts employees
  • Excellent Condition Throughout
  • Smooth Operation with Collection Current
  • Gorgeous Private Community Pool
  • Almost All Tenants Are Long-term Rentals
  • Priced Much Lower Than Today's Price to Reproduce Original Investment

Features

Exterior Finish

  • Concrete Block

Roof

  • Spanish / Clay Tile

Appliances

  • Microwave
  • Refrigerator
  • Stove

Cooling

  • 2 Window / Wall Unit

Sewer/Water Systems

  • Private

Lot Features

  • Landscaped

Extra Features

  • Cable Available
  • Controlled Access
  • Furnished
  • High Speed Internet Available
  • Reserved Parking
  • Security Guard on Duty
  • TV Security
P2#70088914
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Information is deemed to be correct but not guaranteed.