Income Generating Property For Sale In Cebu CIty

GOOD RENTAL BUSINESS
LADIES DORMITORY
OPERATIONAL ALREADY
NEAR VELEZ COLLEGE
DORMITORY BUILDING
Ramos Area Cebu City
Near Velez Hospital & Medical College, St Paul College, Magsaysay School
Lot Area 196 sqm
Floor Area around 380 sqm
Last Major Renovation yr2022
2 Storey Concrete Building made of marble floorings, mactan rock wall..
✅ Dormitory Features
16 rentable rooms all with Air-conditioning Units
1 store unit
7 T&B
Cooking area
Dining area
Study area
Laundry area
Balcony
Security camera 24/7
Wifi Internet
Solar lamp
2 water source (deepwell & MCWD) with 10cubic Water Tank
🎯Selling Price 22,000,000
Net of Taxes / Negotiable
Buyer to shoulder the taxes and transfer charges
🎋Present Income 127,000 Monthly (1,524,000 Yearly) can still be Increase
🎋Return On Investment is 6.8% per year or more
🎋 Higher than Bank Interest
INCREASE of VALUE & INCOME
🎋 2 more unit available for Rent around 15K additional income per month if rented
🎋 Tenant Profile Medical Student's of Velez College with yearly Rental Contract & Rental Escalation 5% per year
🎋Property BIR Zonal Value now is 86,500/sqm and increasing every 3-5years.
* Lot alone 196sqm X 86,500 = 16,954,000
* Floor Area 360sqm x 30,000 (construction cost) = 10,800,000
* Total is around 27,000,000
OTHER INCOMES
🎋 All Rooms Electric is Submeter
🎋 Hot & Cold Purified Water is Coins Operated Vendo Machine
🎋 Laundry is per Kilo Pick up & hatud everyday
DISCLAIMER Availability and Price is subject to change