Property ID : 14487
For Sale, Sold [SOLD] - Family Home, House, Income Properties, Investments
Dumaguete City Income Property For Sale
This Dumaguete City income property for sale is one great opportunity! It consists of one 3 bedroom house 3 1 bedroom apartments and 1 studio unit, sitting on two clean titled lots totalling approximately 633 square meters.
The main house has a floor area of about 120 square meters with the master bedroom having an ensuite washroom while the two other bedrooms have a common washroom accessed throught he living room. the kitchen is open and airy and is large for a full size dining room table. The ceilings are high which makes everything appear even more roomy than it actually is. This house will come partially furnished.
There are two mirror image one bedroom apartment units that are comfortable in layout and size which the owner gets 15,000 pesos per month rental. the other 1 bedroom unit is slightly larger and rental income is at 18,000 per month. The studio apartment is also roomy and comfortable and rental is at 10,000 pesos per month.
All units have their own separate sub meters which the owner bills the tenants from based on their usage. All rental units come completely furnished including cooking utensils, appliances flatware and bed sheets.
This Dumaguete City income property for sale is a proven money earner with yearly repeat clients and long term clients. the owner currently lives in the main house himself and only rents out the 4 units but still gets 58,000 net revenue per month. It is a good set up for some one who needs their own home plus income, or simply as a no owner occupied compound which would add another 20,000 to 22,000 per month in income. On that basis, this property can net an investor 80,000 pesos per month or a Return on Investment of of just under 10% annually.
Only 10 minutes away from new Dumaguete City Mall opening in August
Dumaguete City Income Property for Sale Details:
- land area – 633 sqm
- potential revenue per month – 80,000
- Return on Investment – approx 10% annually
- location – Camanjac
- price – 9,800,000 php (buyer shoulders closing costs)