Property ID : 14474
For Sale, Sold [SOLD] - Income Properties, Investments
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
- 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