Several condos in small community close to the beach

Punta Popy, BA Residence, Las Terrenas

Features

• Near beach
• Near town

Description

Welcome to this recent condominium of 10 condos featuring 7 1-bedroom units and 3 bigger units of 2+ bedrooms. The building is designed following the lines of a boat. The condominium sits in a quiet and residential area in Las Terrenas, our gorgeous beach town in the North of the Dominican Republic.

It is only 600 feet / 200 meters from the clear waters of Playa Popy. One of the closest beaches to the center of the town.

All the 1-bedroom units feature 1 bathroom, a bright living room, and good size terrace. They are in another listing. Here are 2 of the bigger units.

The first one features 140 m² (1,500 ft²) of a built area with a large terrace of 28 m² (300 ft²). The apartment is on the first floor, it has 2 bedrooms and 2 bathrooms, a terrace, an open kitchen, and private parking.

The second unit is just below and it comes with a large garden. With a built area of 160m² (1,720 ft²) with its private garden of 200 m² (2,160 ft²), the apartment features 3 bedrooms, 3 bathrooms, an open kitchen, and private parking.

The owners of the condominium will enjoy a common swimming pool, garden, and a private parking space. Sold with equipped kitchen (except the fridge).

For the furniture add $15,000 USD for the bigger units. You can buy a garage for storage for $12,000 USD. Solar panels on the roofs. Construction end of 2019.

The community is a fully operational investment/vacation property. Low initial investment and good rental profile.
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Location

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Punta Popy

East of the heart of the touristic part of Las Terrenas, this busy area offers lots of excellent restaurants along its beach ending at the gorgeous Punta Popy.

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BA Residence

The community is located in a quiet and residential area in Las Terrenas, it is only 200 meters from the clear waters of Playa Popy and 10 minutes from the center of town. This recent condominium of 10 condos is designed following the lines of a boat. The owners of the condominium will enjoy a common swimming pool, a tropical garden, and a private parking space.

Financials

Utilities: $180

Maintenance: $80

HOA Fees: $120

Nightly Price: $160

Monthly Rev. (50% occupancy): $3,195

Mngt Costs: $629

Monthly Profits: $2,186

Legal Fees: $3,100

Transfer Fees: $9,300

Yearly Taxes: $1,700

This listing

Price / SQM: $1,845

ROI: $8

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Market Price / SQM: $1,845

Market ROI: $8

Listing Agent

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All information, including measurements data and financial calculations, is obtained from various sources, and is approximate. No guarantee, warranty or representation of any kind is made regarding the accuracy of such information and Atlantique Sud Real Estate S.R.L. expressly disclaims any liability.