Building in San Carlos of 5 levels for investment

Price
RD$38,000,000 Reduced 27%
Price/M²
RD$31,932
M² of construction
1190
Bedrooms
5
Bathrooms
5
Parking
8

Building in San Carlos of 5 levels for investment

Category

Buildings

Published

12/01/2024

Location

Distrito Nacional

Price

RD$38,000,000 Reduced 27%

Price/M²

RD$31,932

Property

INVENT EDIFICATION IN SAN CARLOS
Hotel attention and investors
A construction of 5 levels with a total area of 555.76m2, and an approximate construction area of 1,190m2. Managed by Snow Paulino. It was built in 1985. Being a building dedicated to income does not pay IPI.
Levels 1-4
10 premises/levels enabled as separate studios/offices. The studies of the 1st level are a little larger, and their higher price; those of the 2nd to the 4th level have a similar size, therefore, the rental price varies depending on the demand at the time of their availability in the market;
At level 2 there are offices: (lawyer, dentist, accountant)
At levels 1, 3 and 4 the premises enabled in small studies, which almost all are rented
From 2nd to 4th floor have 10 premises with the same distribution
Occupational distribution
At level 1- there are 1 small premises enabled as main office and another as warehouse, the others are rented as studios, 2 of them in Airbnb
At level 2 - we have 6 premises occupied as offices and others enabled for Airbnb
At level 3 10 premises, of which we have 5 rented premises in Airbnb; 1 extra premises used as a kitchen of these). We are in the process of enabling you to cook everyone to free this room and make it study) and the other premises of that floor enabled as a separate student
At level 4- 10 premises all enabled as apart-studies
At level 5- 1 Apartment 2 rooms 1 separate room.
Level of occupation in the month of December
19 premises occupied as apart-studies at an average price of $8,500
6 premises as offices
13 used as Airbnb (1 of them as a kitchen of others, so it is not listed)
1 empty working place ready to rent as a separate studio (was emptied in December)
2 used by the administration (on the 1st floor)
1 apartment on the 5th floor of 2 rooms (currently empty)

Income
As of December the total amount received was
Studies $170,000 pesos
Offices $30,455 pesos
Airbnb $650
Monthly income approximately RD$238,155.00 (about US$4,178.00).

Notes: 1- Airbnb revenues flow depending on the season and the number of nights per stay and although lately it has dropped, they go back up
Price for sale of Oportunity RD$52,000,000.00 (Rebage of 72 million).

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