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For Sale Commercial Featured EXCLUSIVE LISTING

INCOME-PRODUCING 4-CONDO PROPERTY IN CABARETE CENTER WITH OWNER FINANCING 🌴

$560,000

C. 3 15, 57000 Cabarete, Dominican Republic-RealtorDR-

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EXCLUSIVE LISTING

INCOME-PRODUCING 4-CONDO PROPERTY IN CABARETE CENTER WITH OWNER FINANCING 🌴

Property ID – RDR-66812-property
Address – C. 3 15, 57000 Cabarete, Dominican Republic-RealtorDR-

Price

US $560000

Overview

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Property ID : RDR-66812-property
Featured
Bedrooms
7
Bathrooms
7.5
Lot Size
1271 sq m
Seller Financing
Available
Gated Community
Yes
HOA
$0
Tax Exempt
No
Construction
Already Built
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Description

Discover the perfect blend of immediate cash flow and long-term growth with this exceptional investment property located in the community of Callejon De La Lomas 💼.

Owner financing is available as well:

  • 50% down, 50% financed over 5 years at 8%

Designed with both comfort and profitability in mind, this property offers a rare opportunity to own a fully operational income-generating asset in one of the North Coast’s familiar areas.

Situated on a spacious 1,271 sqm lot, the property features 4 thoughtfully designed condos with a spacious pool area. 3/2-bedroom 2 bath condos and 1/1-bedroom 1 1/2 bath condo, each with ensuite bathrooms that create a cozy yet modern living experience. The units are well-maintained and already occupied by long-term tenants as well as AirBnB guests, providing a built-in return on investment from day one.

A private front security gate along with parking ensures added safety and exclusivity, appealing to both tenants and future guests alike.

At the top, a rooftop terrace that provides a stunning retreat—perfect for relaxing or entertaining which is a true highlight that elevates the property’s appeal.

Conveniently located in the Cabarete Centre area, residents enjoy easy access to beaches, shopping, dining, and nightlife as well as Janet’s Supermarket making this property highly attractive for both long-term and potential short-term rental markets.

Whether you’re looking to expand your portfolio or secure a turnkey investment in a well known area, this property delivers on all fronts: location, lifestyle, and reliable income.

Features

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25 Years Fixed
7.95% Interest
  • Principle and Interest

Cornell Wilson

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What people who were once in your shoes have to say

FAQs

Yes! The buying process for foreigners and Dominicans is exactly the same. No matter your citizenship status, you can own property in the DR.
Closing costs are typically 3.5% additional to the sales price. 1% would be for the lawyer’s fees and 2.5% go straight to the government for title transfers and taxes.
Not only can you receive quality healthcare in the DR, it is very affordable. A standard visit to your General Doctor would cost less than $25 USD without insurance and you can get a top tier insurance policy for $400 USD per year.
Yes. Property taxes are 1% per year of the appraised value of the property in the tax office of approximately over $150,000USD. So if your property is officially valued at $200,000USD, you would pay 1% yearly property taxes on just $50,000USD.
The DR’s policy for extended stay of non-residents is one of the most relaxed in the world. You only need to pay a fee if you stay longer than your tourist visa. Your tourist visa from the airport expires in 30 days, so if you leave 30 days – 3 years after your visa expires, you will pay a fee at the airport that is calculated based on how long you stayed.
No. It is just as easy to own property in the Dominican Republic for citizens as it is for visitors. That being said, getting residency in the DR is a straightforward yet lengthy process that can be beneficial for some.
For non-residents it is possible to get financing from local banks like Scotiabank or Banco Popular however, it is not common and most property transactions in the DR are cash purchases. Having residency or citizenship in the Dominican Republic can be advantageous when getting financing to buy property.

Cornell Wilson

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