Prime Apartment Building for Sale with High Occupancy and Expansion Potential

Description

Don’t miss out on this amazing investment opportunity! This apartment building, located in the boundary of Mandaue and Consolacion, offers a prime location and excellent income potential. The property sits on a spacious 686 sqm lot with 15 meters of road frontage, and the building has a floor area of 411 sqm spread across 3 storeys with 18 apartment units.

Each unit comes with its own submeter for water and electricity, and is well-equipped with a bed with drawers, with most units also having air conditioning. The property has its own deep well and overhead water tank for a reliable water supply, and is walking distance from the highway, providing easy accessibility. Additionally, MCWD and VECO connections are already in place, and all units are internet and cable ready.

The apartment building is fully fenced and has a guardhouse for added security. There are plenty of parking spaces available for tenants and visitors. The title of the property is clean and includes another vacant land across the barangay road, perfect for commercial building, providing additional potential for expansion.

The apartment building has a nearly 100% occupancy rate, and with a potential annual income of 1.7 million, it offers an excellent return on investment. The construction of the building was carefully monitored and planned by the owner, ensuring high quality materials and craftsmanship.

Priced at 42 million, taxes included, this apartment building presents a lucrative investment opportunity for those looking to enter the real estate market or expand their portfolio. Don’t miss out on this chance to own a prime property with strong income potential. Contact us today for more information or to schedule a viewing.

Summary:

• 🔰LOT AREA: 686 sqm with 15meters road frontage
• 🔰FLOOR AREA: 411 sqm
• ✅ 3 Storey with 18 doors apartment
• ✅ All units have their own submeter for water & electricity
• ✅ all units have bed with drawers
• ✅ mosst units have aircon
• ✅ the boundary of Mandaue & Consolacion
• ✅ with own deep well & overhead water tank
• ✅ walking distance from the highway
• ✅ MCWD and VECO connections
• ✅ all units are internet and cable ready
• ✅ existing provision on the side of the building for Expansion
• ✅ there are plenty of parking spaces
• ✅ Fully fences with guardhouse
• 📌TITLED with clean papers
• 📌Title includes another vacant land across the barangay road perfect for commercial building
• 📌NEARLY 100% occupancy rate
• 📌1.7M potential annual income
• 📌Construction was monitored and planned by owner and is very well built using high quality materials
• 💰PRICE: 42 MILLION taxes included