A fantastic opportunity to own an income-generating apartment building in the heart of Cebu City is now available! This 2-story building with a roof deck sits on a lot area of 523 square meters and offers a total floor area of 1,500 square meters. This fully furnished apartment building is being offered for only 49 million pesos, net of taxes.
The second floor has 9 unoccupied rooms while the third floor has 11 rooms, totaling 21 fully functional and ready-to-lease rooms. The ground floor features 3 rooms with an ensuite toilet and bath, plus a laundry service area for the tenants’ convenience.
The parking area can accommodate up to 10 cars, which can be rented out for an additional income of 1,500 pesos for shaded space and 1,000 pesos for open space. The rental rates for the rooms are reasonable with a studio renting for 10,000 pesos and a 1-bedroom unit for 15,000 pesos, both with laundry services.
Built-in December 2019, this property is still relatively new and offers significant potential for a great return on investment. Don’t miss out on this opportunity to own an income-generating apartment building in one of the most vibrant cities in the Philippines. Contact us now to schedule a viewing!
Summary
- Lot Area: 523 sqm.
- Floor Area: 1,500 sqm.
- Fully Furnished
- Ground Floor: 3 Rooms
- Second Floor: 9 Unoccupied Rooms
- Third Floor: 11 Rooms
- Parking Space: 10 Cars
- Studio Price: 10k
- 1 Bedroom Price: 15k
- Year Built: December 2019
- 49M furnished with laundry (Net of taxes)