Property Details

PROFITABLE APARTMENT BUILDING FOR SALE IN PRIME BACONG LOCATION - Bacong

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Property ID : 14474

For Sale, Sold [SOLD] - Income Properties, Investments
443 sq m 8 Bedrooms 4 Bathrooms  Add to Favorites Print

Apartment Building for Sale

Just outside Dumaguete City, on Bacong Valencia Highwa

This 4 unit Apartment building for sale is a turnkey operation that is highly profitable and will give the new owners a stable and attractive return on investment. Situated on the main Bacong to Valencia highway, the location is prime and with the present owner managed business has developed one of the best reputations which will sell continued success. The units are almost always 100% occupied and at most times there is a waiting list of prospective tenants.

Rental income tops out at approximately 65-70 thousand pesos a month and expenses are minimal at under 5,000 /month. With these numbers you will receive a return on investment on operations of approximately 11% annually and you can expect appreciation of the property to add another 2-3 % . With a total return on investment of approximately 13% per annum, with a minimum of effort, you just do not need to look elsewhere. This will be one of the best long term stable investments in brick and mortar that you will find.

The 4 units of this apartment building for sale will come furnished and the lot is well landscaped with a small outside lounge and cooking area for your tenants comfort.

Apartment building for sale financial overview

Price: 6,900,000

  • YEARLY REVENUE
    • Rental income – 780,000
  • YEARLY EXPENSES
    • Municipal water: 3,000
    • 5Mbit Globe Adsl with landline: 19,000
    • Fil pro TV all 4 apartments: 7,200
    • Land taxes due Jan/Feb: p10,000 and if paid early p8000 year
    • Maintenance and gardening personnel – 40,000
    • TOTAL: 77,200
  • NET YEARLY OPERATING PROFIT: 702,800
  • Return on investment strictly form operations – 10% per annum
  • Project property value appreciation over 5 years – 30%

 PROJECTED ROI  FOR FIRST 5 YEARS -16% per annum

Note *** title for this property is currently in progress and should be completed in the next month or two

 

 

 

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Are you thinking of buying a property in Bacong? If so, we are the people to help your dreams become a reality. With dozens of quality listings, big and small , either houses or lots and within all price ranges, there is no other real estate brokers in Negros Oriental that can give you as much selection. And best of all, every single on of the brokers affiliated with us are dedicated to giving you top level , knowledgeable and transparent service. If you are not fully aware of what Bacong is all about, let us give you some basic information. Bacong is a small ocean side municipality just on the outskirts of Dumaguete City along the Soutern National Highway. It boasts attractive beaches to the East and coastal mountain foothills to the west, so if you are looking for ocean front or ocean view property, you will be able to find either here. Another selling point of property in Bacong is that even at its most Southern boundary, you will find yourself only 15 minutes away from Robinson's Mall in Dumaguete. To give you an overview of the property market in Bacong, beach lots typically run approximately 2,500 pesos per square meter for large tracts of land and 5,000 and up for smaller plots ideal for a single family residence, however those types of property are very scarce. To purchase a lot close to the beach on the between the ocean and the National Highway, you will find a wide selection of smaller sized lots which are typically priced at 1,500 to 2,500 per square meter. On the mountain side of the highway, land is considerably cheaper and you can find deals anywhere from 300 pesos per square meter to 1,000 pesos per square meter depending on the size and ease of access to the property. If you are looking for a house and lot in Bacong, there is usually plenty on the market ranging from about 3.5 million pesos for simple single family homes to upwards of 15 million pesos for some custom build beach houses.
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Agent SHIRLEY PATRON MCKISSOCK

  • Mobile : +63 916 405 8239

Registration # 0025808
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