| Description: Sosua:
CASH PRICE : 700,000 USD !
Price just reduced from 990,000 USD to 750,000 USD plus financing option !
This is a money maker !
High occupancy rate, good return on investment !
....licensed condo-hotel located in the center of Sosua with 53 apartments
(14 are sold ) so still remaining
38 apartments ( all with own title!)
5 of them are 2 beds, 2 bath apartments
running on 2 seperate titles and could be sold ore used / rented seperate or as a single 2 beds apartment.
· 33 Studio Apartments
5 double Apartments
All apartments come with a kitchenette, microwave, coffeemaker, air condition, hairdryer, iron, iron board, cable TV, private safety box, shower or bathtub, king size beds
· Pool and outdoor Jacuzzi
· Laundry
with 1 dryer industrial and 2 regular
1 industrial and 3 regular Laundry machine
· 1 office 2nd floor
· 1 Pickup – Toyota – used – good condition
· 2 Generators -125 KW- to secure 24 hours electricity. ( One of them is always brandnew )
Big Tank for diesel.
1 big penthouse of 110 m2 / 1,184 sq. feet
Financing: first payment of 350.000 USD
with 8.5 % p.a. interest for max. 4 years
All apartments with own title for resale or refinancing.
There are apartments with 1, 2 bedrooms.
Penthouse, reception, medical service room, laundry, kitchen, generator, pool, 3 offices are rented out.
Living aerea: 3,ooo m2, 32,292 sq. feet
Big hot water whirlpool additional to the swimming pool and own laundry facilities.
Located in center of Sosua less than 5 walking minutes to the amazing beach.
More Description:
This is a opportunity to own a condo-hotel with 34 one bedroom condominiums plus 125 m2 of office space, commercial laundry, restaurant, lobby, and bar; plus swimming pool and large outside Jacuzzi.
All within a short walking distance of 3 beaches, bars, restaurants, shops, banks and Sosua’s ‘vibrant’ night life.
The owner says he has never made a loss in thirteen years as there are a number of income sources, the main one being selling individual apartments then managing and renting them out.
Every apartment has king sized beds, A/C, large mirrors, bathrooms, kitchenette with microwave, wireless internet and TV. Second and third floor apartments have balconies looking down onto the pool and sunbathing area.
It is has staff on call 24 hours a day.
There is a generator to provide 24 hour electricity.
There is a restaurant at the front of the building but this is not included in the sale.
It is fully insured covering both hurricanes and earthquakes and has recently had an independent detailed evaluation that values it in excess of $1.8 million.
The owner is offering a finance package but only on deposit of 50% of the sales value financed over 1 year for a total value of $800,000. This is an attractive price when you consider that each one of the 34 one bedroom condominiums is currently selling for in excess of $ 29,000 US and still generating income from renting them out.
To help you evaluate the potential of this condo-hotel the current rental rates are US$45 a night, US$670 for 21- 30 nights (Max 3 persons).
Being only 10 minutes away from the Airport of Puerto Plata it is popular.
Pool and Hotwater whirlpool,
Wireless Internet,
TV Flatscreen with cable,
AC,
Balcony,
Nice kitchen with mikrowave,
Fully furnished and equipped
High ceilings
Own electric meter
Non profit electric charge!
Generator
Parking
On-site management
Security
High rental potential
Payment Plan :
350,000 USD downpayment
400,000 USD financing at 8,5 % for
2 - 4 years here in Dominican Republic we get you this financing here!
Payment of the financing and profit by selling apartments.
Profit Plan.
38 Apartments for sale ( All own title )
34 x 33,000 USD selling price
1,122,000 USD
5 x 49,000 USD net selling price
245,000 USD
60,000 USD net income this year approx. in the crisis by operating profit of the hotel.
Last year net profit had been 180,000 USD.
Price including restaurant and disco bar
960,000 USD!
Dominican Republic Construction
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: Christian Vogt: 7/24 Hotline : +1
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Vogt
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Listing ID : 49
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