5491 Beach Condo

Basics

Description

  • Description:

    Beach Condo at just 4 minutes walk to the beach and partial ocean view.

    2 CONDOS FOR THE PRICE OF 1.

    This hidden and very rare gem is found within an area that has a beautiful beach and an hotel administration as well.

    General info.

    The property for sale is made up of 2 independent apartments (which are under the same title), one on the 3rd floor and the other on the 4th floor:

    C303 – 2 bedroom / 2 bathroom apartment. It offers 138 m2 of interior space (1,500 Sq. Ft.), located on the 3rd Level.

    C403 – Study. It offers 40 m2 of interior space (425 Sq. Ft.) plus a large terrace of 100 m2 (1,075 Sq. Ft.) located on the 4th Level.

    Condominium fees? It's $494/month for the two apartments. Includes water, internet and fumigation

    Any other association fees? NO

    Management fee when the property is rented? that is negotiable with the management company they decide to go with. it is either a fix amount or a % of the rental, or a combination of both

    Approximate (statistical) annual maintenance budget? $494 x 12 = $5,928 + electricity (that is paid by the guests) + insurance (around $2,000 year)

    Occupancy level through the year on average? 60%

    For 2 bedroom unit - what would be the average monthly rent? For 3 bedrooms? the 2 bedroom + Studio will give around $2,000/month average in rent

    Located in Cabeza de Toro area in Bavaro.

    Contact us for more info.

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