Fixer-upper investment building near costambar beach – us$530,000

An exceptional investment opportunity just a two-minute walk from the sandy beach of Costambar, one of Puerto Plata’s most established coastal communities. 🌴

This fixer-upper building offers approximately 618.25 m² of total living space and consists of eight individual condos, each featuring two bedrooms and two bathrooms. All eight units have separate titles, giving the new owner several investment possibilities: renovate and operate the building as short- or long-term rentals, resell the condos individually, or create a combination of rental and resale units.

The property includes ten parking spaces and a spacious backyard with excellent potential for the addition of a community swimming pool. The penthouse and rooftop terrace offer beautiful mountain and ocean views, creating an ideal space for an entertainment area, rooftop lounge, or additional shared amenities.

Costambar is home to a large international and expatriate community and remains a sought-after destination for both Dominican and foreign visitors. The property is conveniently located near the beach, restaurants, bars, and everyday amenities.

PROPERTY HIGHLIGHTS

Asking Price: US$530,000

A rare opportunity to acquire an entire multi-unit property near the beach with multiple exit strategies and significant potential for appreciation.

ABOUT COSTAMBAR

Costambar is a well-established beachfront residential community in Puerto Plata, known for its sandy beach, relaxed coastal atmosphere, and welcoming international community. Located on the northern coast of the Dominican Republic, it offers a convenient blend of beachside living and everyday amenities, with restaurants, bars, shops, and services nearby. Its proximity to Puerto Plata city center and the surrounding attractions makes it appealing to residents, expatriates, and visitors alike. With its established residential setting and beach access, Costambar offers an attractive location for property ownership, vacation rentals, and long-term investment.