Property type: 3 STOREY CONDO TYPE APARTMENT
Lot area: 600 sqm (2 lots) I just used 1 lot for the existing building, so you still have 1 more lot for your new building.
Frontage: 30 meters
Usable Floor Area: 536square meters more or less
9 door units (2 unit with 2bedrooms + 7 units with 1 bedroom) total 11 bedrooms + 10 bathrooms
*each unit has mini kitchen, living & dining area and balcony
Advantage: Within Korean Town, near Clark City, near Clark International Airport, near SM Clark, near Angeles Town, near public markets, school and SCTEX. All my neighbors are condotels, apartments, villas and all kinds of property rentals.
Asking Price: 28,580,000 only! (Bank assessment is up to 30Million for business loan)
(NEGOTIABLE for SERIOUS BUYERS)
Rental Income Price:
1zt year 140,000/month = 1,680,000
2nd year 147,000/month = 1,764,000
3rd year 154,350/month = 1,852,200
4th year 162,067/month = 1,944,804
5th year 171,170/month = 2,042,044
TOTAL ROI IN 5YEARS IS 9,283,048
Our agreement is, the lessee client will furnish and improve (with pool) the property and after their 5 years term. The new rental rate can be marketed at 250,000/month to 300,000/month. That can guarantee your full ROI in 10years with corresponding property appreciation in the future. This area is one of the excellent location for property rental business.
Reason for selling: Owner needs big cash at this moment.
- 24 hours Communal Security Guard
- Inside Subdivision