6,000+ Square Foot New Construction Multifamily - FOR SALE

Description:

Santo Domingo, Dominican Republic Opportunity - Offered at US$100,000 below appraisal !!!

600 square meters of construction on 850 square meter lot, 2 story property located in the El Condado residential area in Santo Domingo, Dominican Republic. The property is 70% completed with 5 Bedrooms (4 with own full bath, 6 bathrooms in total) on second floor, two additional bedroom possibilities or offices on first floor with area for reception / office, kitchen & large dining areas, 30 foot by 20 feet living / social area space. Patio area ready for cooking & outdoor kitchen with full bath & locker area. Space for swimming pool & much more. Located 25 Minutes To City Center (Naco, Piatini Area) and 35 Minutes To Zona Colonial (Gascue). As the property is adjacent to Villa Claudia also very accessible to Avenida Republica De Columbia (Pricesmart, US Consulate, etc.), also 20 minutes by car to INTEC University & UNPHU (as a possibility for student housing).

While originally designed for a large family it can be easily converted or finished for use as a boutique micro-hotel, short term corporate executive housing, co-living facility, assisted living facility, university student housing or short term housing for international medical patients (medical recovery center).

Due to the fact that the construction is not fully completed it offers the opportunity for potential buyers to finish the building according to their own needs and of of course the asking price is offered at a deep discount to the appraisal value (considering of course the additional constructions for any potential buyer)