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For Sale Commercial Condo Featured EXCLUSIVE LISTING

💼 6-UNIT APARTMENT COMPLEX FOR SALE IN VERAGUA

$559,000

Veragua, Dominican Republic-RealtorDR-

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EXCLUSIVE LISTING

💼 6-UNIT APARTMENT COMPLEX FOR SALE IN VERAGUA

Property ID – RDR-69828-property
Address – Veragua, Dominican Republic-RealtorDR-

Price

US $559000

Overview

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Property ID : RDR-69828-property
Featured
Bedrooms
18
Bathrooms
13
Lot Size
584 sq m
Year Built
2024
Seller Financing
No
Gated Community
No
HOA
$0
Tax Exempt
No
Construction
Already Built
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Description

This 6-unit apartment complex offers an excellent opportunity to generate consistent rental income in the growing community of Veragua, Dominican Republic. Each apartment features 3 bedrooms, 2 bathrooms, and 140 m² of living space, making them attractive to families and long-term tenants.

Veragua is known for its peaceful atmosphere, lush natural surroundings, and strategic location between the North Coast and the Cibao region. With convenient access to Cabarete, Río San Juan, Gaspar Hernández, and Puerto Plata, the area continues to attract residents looking for more space and affordability while remaining connected to major destinations.

With no HOA fees, six income-producing units, and strong long-term rental potential, this property is a solid addition to any real estate investment portfolio. 💰

INVESTMENT HIGHLIGHTS

  • 6 Income-Producing Apartments
  • 3 Bedrooms per Unit
  • 2 Bathrooms per Unit
  • 140 m² per Apartment
  • Strong Long-Term Rental Potential
  • No HOA Fees
  • Multiple Income Streams
  • Located in the Growing Community of Veragua
  • Convenient Access to the North Coast
  • Excellent Buy-and-Hold Investment Opportunity

Features

Property on Map

Mortgage Calculator

25 Years Fixed
7.95% Interest
  • Principle and Interest

Korak Andres Tinoco

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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.

Korak Andres Tinoco

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