Apartment for sale in San Carlos, Distrito Nacional

Overview

Apartment for sale in San Carlos, Distrito Nacional: 10 bedrooms, 10 bathrooms and 1,190 m² built. Price: RD$ 35,000,000 (US$ 479/m²). Income-producing building with a mix of studio apartments, offices and short-term rentals, all leased and managed as a single property. Most units are already rented, with one vacant unit ready to lease.

Full listing description

FOR SALE BUILDING IN SAN CARLOS FOR INVESTMENT Attention hoteliers and investors A 5-story building with a total land area of 555.76 m2 and an approximate construction area of 1,190 m2. Managed by Nieves Paulino. It was built around 1985. As a building dedicated to rental, it does not pay IPI. Levels 1-4 10 units per level set up as studio apartments / offices. The studios on the 1st level are a bit larger and priced higher; those on the 2nd to 4th levels are similar in size, so the rental price varies depending on demand when they become available on the market; On level 2 there are offices (lawyer, dentists, accountant) On levels 1, 3 and 4 the units are set up as small studios, almost all of which are rented From the 2nd to the 4th floor there are 10 units with the same layout Occupancy distribution On level 1 there is 1 small unit set up as the main office and another as a storeroom; the rest are rented as studios, 2 of them on Airbnb On level 2, 6 units are occupied as offices and the rest are set up for Airbnb On level 3, 10 units, of which 5 are rented on Airbnb; 1 extra unit is used as a kitchen for these (we are in the process of adding a kitchen to all of them to free up this room and turn it into a studio), and the other units on that floor are set up as studio apartments On level 4, 10 units, all set up as studio apartments On level 5, 1 two-bedroom apartment Occupancy in December 19 units occupied as studio apartments, with an average rental of $8,500 each. 6 units as offices 13 used as Airbnb (1 of them as a kitchen for the others, so it is not listed) 1 usable unit empty and ready to rent as a studio apartment (vacated in December) 2 used by administration (on the 1st floor) 1 apartment on the 5th floor with 2 bedrooms

Price history

The price hasn't changed since we first saw it. Listed 5 days ago.

Location

Approximate location (±2500 m). The lister will give you the exact address.

As published in the listing: Distrito Nacional, Santo Domingo · Distrito Nacional