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Apartment Complex For Sale
Location Dominican Rep.
Asking Price Range $2.5M - $5.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training As required.
Reason for Sale Other business interests.
Description Dominic Republic 48 Unit Apartment Complex For Sale. Great investment as rental properties. All units in 3 buildings are also available for individual sale! Let your money do the work for you while you enjoy the lifestyle. Rare Investor Find! Today's construction cost would exceed $3.6 million! Exceptionally well maintained community in Bavaro/ Punta Cana. There is a high need for apartments to accommodate the growing resort and tour operator employees, servicing the 50 resorts in the Punta Cana/ Bavaro/ White Sands area. Beautiful landscaped grounds and large community swimming pool. Next to commercial plaza with grocery store, restaurants, salons, etc. Just a few minutes from the main commercial business area with banks, more stores, shopping, gas station, newer hospital/ dentist, etc, 9 minutes drive to the white sandy beaches of Bavaro / Punta Cana and only 15 minute drive to Punta Cana International Airport. How more central can you be? Built 2006. Comes with title and all permits so units could be sold individually. 48 units in 3 separate buildings at 830 sq. ft. (77 m2) each, with (83 m2) balconies. 1 office/ Storage/Staff building. Utility/ Cable building. Transformer area. Cisterns and pumps area. Community Pool area. 54 Parking spaces (front and back of building). Gated community with 24/7 security. Laundry room in each building (coin operated commercial machines). Energy efficient utilities. 39,840 sq. ft. of construction on 43,056 sq, ft. of land. Units: 2 Bdr / 1 bath. Full kitchen (refrigerator, oven-stove) Living room, Dining area. Fully furnished. 2 A/C's in each unit, ceiling fan in Living room. Income: 75% occupancy with excellent tenants. Average rent of $515 per month (including maintenance fee). Nearly $18,540 month income at 75% occupancy. Monthly expenses only $3,130 month. Email or call Jim Baker at 321-452-3462 for more information on this apartment complex for sale.
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