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708428 | Apart-Hotel 25% ROI 11 Apartments 385 K below valu

Apart-Hotel 25% ROI 11 Apartments 385 K below valu
Type: buy
PriceAmerican $399,000.00
Quantity: 1
Availability: yes
Location:  Sosua, Dominican Republic

Apart-Hotel 25% ROI 11 Apartments 385 K below value and near a nice beach apart-hotel in Sosua, Dominican Republic.

It has 11 apartments all furnished. 

 Located in a central and quiet area, near a nice beach

 The hotel is currently operating. Has an annual income of 95K with short rentals

 Selling under the market value for 385,000 u.s.d

 Possibility to build more apartments or the owner penthouse in the 3rd floor 

The ROI is about 25% .... we sale about 95,000 usd per year

The plot has 1005 m2

The apartments construction area has over 588 m2 (not include storage area, laundry room, inverter room, pool, terraces and other common area.

P.S. If someone decide to buy a land in this area, in order to build and furnish a similar hotel at today price, it should invest more than 600,000 usd

Actually, there is an empty lot next to our property which is about 800 m2 and it is for sale at 225,000 usd

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