8 apartments in the center of Cabarete

$815,000
Financing available

A-52702

Property ID

4,123 SqFt

Land area

383 m2

Land area

8

Bedrooms

Description

An ideal building plot in a top location, 1 minute to the big Jeanett supermarket and only 2 minutes to the beach.
A great investment in the center of Cabarete.
For example an apartment building, see sample calculation.

Building proposal for:
8 apartments a 50 m2 and 9 parking spaces
Total construction area 610 m2

Land                                         250,000 USD
Construction cost                     376,500 USD
Sale 8 apart. (85,000×8)          680,000 USD
Selling Parking Lot                  135,000 USD

Total                                         815,000 USD
Profit                                        188,500 (23%)

Rental:
of 8 apartments x 15 days per month x 12 months x 55 USD per day = total per year 79,200 US $
(Amortization of land and construction costs in 8 years)

Building proposal for:
12 apartments a 50 m2 and 9 parking spaces
Total construction area 940m2

Land                                          250,000 USD
Construction cost                      591,000 USD
Verkauf 12 Apart.(85,000×12)1,020,000 USD
Selling Parking Lot                    135,000 USD

Total                                       1,155,000 USD
Profit                                         314,500 USD (37%)

Rental: of 12 apartments x 15 days per month x 12 months x 55 USD per day = total per year 118,800 US $
(Amortization of land and construction costs in 7 years)

The owner of the property also agrees to a joint venture agreement.
That means he makes the property available and the investor builds the apartments.
The property is then gradually paid back with the sale of the apartments.

For further questions we are happy to help you.

Address

Address: Cabarete
  • Country: Dominican Republic
  • City / Town: Cabarete
  • Postal code / ZIP: 5700
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Property Feature

Location

  • Property ID A-52702
  • Price $815,000
  • Property Type Apartments, Investments, New Entries, Small resort
  • Property status Financing available
  • Bedrooms 8
  • Year Built 2021
  • Size 6,566 SqFt
  • 610 m2
  • Land area 4,123 SqFt
  • 383 m2
  • Label New

Get Directions

Nearby Places

Contact

Ronaldo Scacchi

Property Agent
Cabarete, Cabarete, Dominican Republic
+1 (809) 877-2634
Other Properties

Information request / contact form


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