PRICE: $ 190,000. 00 USD
YEAR OF CONSTRUCTION: 2021
Apartment block for sale in a residential complex located in Bavaro, Punta Cana.
It consists of:
* 6 Apartments of 40m2 each. The apartments have one bedroom, kitchen integrated in the living room, laundry area and bars on the windows,
* 6 private parking spaces.
It is located in a very quiet central urban area, 200m from Avda España and within walking distance of banks, shops and all basic services. It has the legal title of property.
There are currently 4 rented apartments;
* three rented at $ 300 USD
* one rented at $ 325 USD
(Average price to rent a apartment is $ 300 / month , but the average price before the pandemic in the area was between $ 350 and $ 390, depending on whether they were furnished or unfurnished. The situation is beginning to recover normalise little by little, hotels are already opening and with the vaccines the economic recovery seems certain and not for the long term.
The price of the apartment block is $ 190,000 USD, which by renting the 6 apartments at $ 300 would give an annual profitability (Return on investment) of + 10.80%, when the situation normalizes the profitability will be above +12%.
Note ** The second block of apartments is currently under construction and will be on sale for the next 3 months when it is close to completion. **