Building lot with shell house
This building lot is located on El Choco road, a very short distance from one of the fastest growing communities on the north coast of The Dominican Republic.
The property has an existing shell of a 1 bedroom home on it that measures approximately 70m2.
This lot could either be developed into the perfect spot for a single home or several villas all in one compound. The opportunity to build apartments on this property also exists. Zoning here would allow up to 3 levels of construction.
As this lot is located a short distance from the main highway, it makes it an extremely desirable location for an apartment building that the owner would develop for rental purposes only.
Priced at under US$45/m2 in such a location, this property makes sense as an investment of any kind (that calculation does not include the existing shell which requires approximately US$15,000 to be made liveable).