Incredible Investment Opportunity in Camino del Sol

SOLD

This is an incredible investment opportunity in Camino de Sol. This property just 100M from the ocean is just begging to be flipped. Currently, this complex has 8 studio apartments, one 2 bedroom apartment, and a three bedroom penthouse.
This 3-story building has three outdoor commercial areas with glass walls and street views. With the big hotel being renovated right next door, and a thriving boutique hotel across the street, these commercial spaces have lots of income potential.

On the ground floor there are 6 apartments. One of the six apartments is large and has a living room, the others are more like studio apartments with a door that separates the bedroom and the kitchen/dining area. 

On the second floor there is a large 2 bedroom apartment with 2 bathrooms and 2 balconies, and a studio apartment with a balcony.
The entire third floor is a 3 bedroom penthouse with 3 bathrooms and 2 balconies. The Penthouse is accessed by an internal staircase. 

The land belongs to the garden behind the hotel building. The space behind the building would be perfect to build an outdoor common area. The side of the building would be perfect to create additional parking, currently parking is reserved for 6 vehicles. The possibility to renovate this structure and sell these condos individually shows a great return on investment. Of course there is also the ability to renovate this and go for the rental income instead. 
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.
For the size of this property, its condition, proximity to the ocean and being close to the entrance to the community and on the main road of Camino del Sol, this is a great investment while prices in this neighborhood are still low. 

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