Multifamily for sale! An investors dream in Punta Cana! (MD1057603)
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Unique opportunity in El Cortecito. The heart, or Tourist Town of Punta Cana. 6 individual conds w/ a swimming pool, in a quaint gated community, on a nearly 11,000 sq. ft. parcel of primo land. These apartments are ideally situated just a 7 minute walk to the famous Bavaro Beach, providing several established & new beach restaurant, bars, shops & nightclubs, located just a 6 minute walk to all shopping amenities in the El Dorado Plaza, & other nearby plazas/ commercial centers. (i.e. grocery stores, bakery, ATM, pharmacy, various shops, car rentals, spas, casino, cash exchange, pubs, numerous excursion companies, etc.. Only a 4 minute drive to the Palma Real Mall, home to the Hard Rock Cafe & Cocotal Golf Course. Currently El Cortecito's inventory of condos for sale is dimishing & remaining land in El Cortecito is at a premium, making the value of this property a sure bet. 3 WAYS TO CAPITALIZE: 1) Offer these 1 BR condos as a more affordable short-term weekly vacation rental option V.S. the all-inclusive resorts. El Cortecito is the heart of Punta Cana... the tourist town & the hub where friendly expats live & work. There are 2 resorts in the area, Barcelo Dominican Beach & Carabela, so resort guests who like to get out by foot & explore the nearby modern, beautiful & SAFE amenities El Cortecito offers, are limited to these all inclusives. Estimated rent per condo $300- $400 per week w/ around 40% occupancy. 2) Offer as an affordable long-term rental to the growing number of expats working at nearby resorts and/ or numerous tour companies. Estimated long term rent $350.-- $450.00 mo. w/ an easy 75-95% occupancy. 3) Update & sell in 2011 when supply & demand is projected to be perfect for this rare opportunity NOW! Estimated value in 2011= $100,000 per unit (not incl. the land) OR OFFER ALL 3 OPTIONS! ALL PHOTOS DEPICTED ARE WITHIN A 6-15 MINUTE WALK AWAY
Other Details: Number of Bedrooms: 1, Number of Bathrooms: 1
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Lingfield Park Marri... Hotel ~ 0,428 km
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Reliable Realty DR (Real Estate Agent) from Dominican Republic
About Reliable Realty DR
Maria Williams is the Broker/ Owner of Reliable Realty Dr, and is a U.S. licensed Realtor since 2005. Maria’s license is in good standing with the National Association of Realtors. Our primary clients (both buyers & sellers) are English speaking. Reliable Realty only represents reputable developers & sellers; promoting new and/ or under construction condos (apartments), villas, exceptional resale properties, viable pre-construction projects, titled land & centrally located businesses for sale or lease in the Punta Cana/ Bavaro/ El Cortecito areas only. Recently we expanded to include Relocation Services.
Todd Williams handles the Property Management aspects of the business, specializing in the entire management & booking of short to mid-term (3 months or less) vacation rental properties, many of which were initially purchased by owners for the primary purposes of obtaining a better return on their investment.