SOSUA-CABARETE The price has been drastically reduced for quick sale. At this price it shows a Cap Rate of 10.72% (for 2011) before taxes! This is a fantastic, vibrant little hotel! Don't let your ticket to live in paradise get away!This hotel is centrally located on the North Coast within a few minutes on foot from the extensive Cabarete Beach. Originally built as a condominium project, it was converted into a successful hotel and has been run for over two decades serving a faithful clientele. Here is what you get: 60 titles; 51 units with a total of 89 bedrooms; 4 common units (offices, laundry, etc.); restaurant with large kitchen; Tiki bar; pool; gazebo; dual generators; and over 5,500 sq m of land! There is a total constructed area of 7,639 sq m. Each unit is slightly different from the other due to the unique design of these buildings. United by their individuality they tastefully surround a splendid pool and patio area, with Tiki bar and fine restaurant. You are only a few minutes on foot from the beach, a few minutes by car to Cabarete and all its services, less than 10 minutes by car to Sosúa and all its services, 20 minutes by car to the Porto Plata airport, and 20-30 minutes from several world-class golf courses. Twice annually there are Jazz Festivals held in Cabarete, there is an annual Kite Surfing competition, and many other special events that are designed for family entertainment. The hotel offers your guests a splendid alternative to the ‘all inclusive’ hotels. Many prefer to live in the local flavour without the inconvenience of the local noise and hubbub. This is the ideal place for them! Guests can choose between their own culinary skills and the hotel fine dining.Get your offer in before this ticket to living in the DR is gone!