Multi-unit Newly Constructed Residential Building in Cabarete-Exclusive To DreamingDR.
Investors Alert! Rare opportunity to acquire a newly built 4 unit residential building in the heart of Cabarete, located off the popular Callejon, walking distance to grocery stores, restaurants, beach and much more.
The building includes a total of 4 units: 3 two-bedroom apartments, 1 one-bedroom apartment and an office with washroom. The building comes with pre-approved permits to build two additional apartments on the third floor, plus a rooftop terrace on the fourth floor.
It is situated on a 500 square meter lot and it presents excellent rental income opportunities. All units are currently occupied with tenants.
About The Community
Cabarete is a tourist area recently named the Wind and Surf Capital of the Dominican Republic. It is an area of the island that combines mountains, lagoons and white sand beaches.
The lifestyle in Cabarete is the main attraction for both tourists and people who have adopted Cabarete as their new home often referred to as “expats.”
Watersport Capital of Dominican Republic
Cabarete became a tourist destination in the 90’s when windsurfing was popular all around the world. Perfect wind and waves for water sports essentially put Cabarete on the map. Even the sport of kitesurfing that was invented around that time has had lots of its development history here on the beaches of Cabarete.
Kiteboarding in Cabarete
Today, due to 330 days of wind Cabarete remains a top 10 destination for kitesurfing. Kite Beach is considered a world class kiting spot and has been the hometown of some of the worlds best kite surfers.
15 minutes from Gregorio Luperón International Airport (POP)
1 hour and a half from Santiago de los Caballeros International Airport (STI)
4 hours from Las Américas International Airport (SDQ) in Santo Domingo