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Unfinished Boutique Hotel in Cabarete East Near Beach

$249,000
600m² Building
1,825m² Land

Description

A 13-unit unfinished boutique hotel shell on a 1,825 m² lot offers a substantial hospitality redevelopment project approximately 500 meters from Cabarete Beach in Cabarete East. Located in Jardín Deportivo, the existing single-level structure provides approximately 600 m² of construction and already incorporates accommodation units, reception space, two private offices, a large utility area, an unfinished swimming pool and a detached security house. The property is a genuine fixer-upper. Interior and exterior finishes, fixtures and the swimming pool still need to be completed before operation....

Highlights

Beach <500m
Security
ReferenceAVS-331519
PriceUS$249,000
Type of Commercial PropertyCommercial
ConditionUnder Construction
Building Area600 m²
Land Area1,825 m²
BeachfrontClose access (-500m)
Water SupplyAqueduct
SecurityGated
Title VerificationInfo Not Provided
CAM FeesUSD $0
Property Price$249,000
Down Payment (20%)$49,800
Loan Amount$199,200
20%
10%50%
9.5%
6%14%
20 years
Estimated Monthly Payment$0
Total of 240 payments$0
Total interest paid$0
Transfer Tax (3%)$7,470
Legal & Notary Fees (~1.5%)$3,735
Bank Fees (~1%)$2,490
Appraisal Fee$350
Total Cash Needed at Closing$63,845

* Estimates only. Actual rates and fees may vary by lender. Contact a local bank for exact terms.

External ListingCabarete, Puerto Plata
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