This Cabarete condo building is newly completed with two 1-bedroom unit, an office and a 2-bedroom unit on the ground floor, and two 2-bedroom units on the second floor. There is permitting completed to build a third story and plans for either a penthouse or two 2-bedroom units. The units are already rented for $1,000/month for the 2-bedrooms, $700/month for the first 1-bedroom, and the 3rd 2-bedroom currently rents on Airbnb for $120/night. The price amounts to $149,500/door. Should you develop the top floor (approx cost of $150,000 for a penthouse) then the cost per condo is even less.
This is a great opportunity for an investor to start with rentable units in the town of Cabarete. The price is very affordable and the units are already performing. Ask us for more details about this property including financials.