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River Island is a condo-hotel project being built in the area of Bavaro in Punta Cana also being built by Noval Properties. It will be the most unique new construction in Punta Cana. It will be made up of 500+ fully furnished apartments. The complex's design, amenities, shopping center, and concert venue will make this project one of a kind. Owners and guests will have access to a private beach club just 6 minutes away where they can lounge by the beach with a whole list of amenities to enjoy. A profitability statement is available for review.
In terms of availability, Studio, and 1-bedroom units are sold out
• Spacious 2-bedroom units starting at 1,454 sq. feet are available for $340K USD. This unit has great returns when rented under the hotel program. The Condos are delivered fully furnished
• The builder is also allowing 1-4 partners to buy these units together in the event you want to partner up with friends or family.
Investors:
Owners have the choice of enrolling their unit into a hotel managed short-term stay program. A reputable hotel brand will be managing this Condo community and is set to charge a management fee of 30% of the revenues with 70% of the revenues paid to you the Condo owner. Estimated return on investment for the 2-bedroom unit is of $2400 per month.
Payment terms:
$5K to reserve, 20% within 30 days, 30% during the Construction financed at 0% interest and the last 50% financed with a lender in the DR.
Send me an email for a copy of the digital brochure at:
info@urbanteachnyc.com
Check us out on Instagram: @urbanteachint