This apartment complex for sale in Camino del Sol offers the opportunity to own a property with uncapped rental potential in an area that is grabbing the attention of investors all over the world.
Camino del Sol in Cabarete East is a beachside community that used to be where all the action on the North Coast of the Dominican Republic was. Some would say it was because of the success of this community that people started investing in Cabarete. Now that Cabarete is mostly built up and bought up, people are returning to this wonderful community and taking advantage of low real estate prices, proximity to sandy beaches, and renovation projects this area offers. This property is a perfect example of this.
This apartment complex is in great condition, It features 9 studio apartments and one 2 bedroom apartment, each with its own kitchen, bathroom. There is a beautifully maintained pool with a common area/outdoor kitchen/BBQ area, mature fruit trees, and a huge lawn where a second development can go. There is a large sliding gate that contains the complex plus 6 parking spots. Outside on the road there is space for more parking.
For the size of this property, its condition, proximity to the ocean, and massive amount of untouched land ripe for development, this is a great investment that offers uncapped rental potential. With some branding and new furnishings, this can become a boutique hotel. With a subdivision process to separate each unit onto its own title, this can be split up and sold as separate condos. Both options offer great returns on investment.