Income-generating property of 15 furnished condo-apartments @ P37M , Tisa, Cebu City

For Sale: Income-generating property of three-storey structure with 15 furnished condo-apartments, strategically located in Tisa, Cebu City.

This is a well-maintained rental property which is so close to many business establishments and it is usually fully booked because of its good services and affordable rates. The property is gated and fenced and holds a two-way, well-paved barangay road. The location is just a few minutes away from Gaisano Tisa, Metro Fresh -Punta, Punta Wet Market, Super Metro Gaisano, Tisa Public Market, Lourdes Parish, San Lorenzo Parish, Shopwise , SM Seaside and NUSTAR Casino and Hotel. . This is also one ride to Ayala Center, Cebu I.T. Park, Fuente Osmena, Jones Avenue, Colon and Carbon Market.
Property Details:

Lot area: 474 sq.m.
Road Frontage: 18-20 meters wide (approximate)
Titled Property (clean title)

Existing Structure: three-storey concrete building, annex building and staff house
Total Floor area: 1,010 sq.m.

* has 15 fully furnished condo-apartments
- 4 units of furnished 2-bedroom apartment- each with 1 full bathroom (floor area of 60sq.m)
Rental is at P30k/month
- 8 units of furnished 2-bedroom apartment- each with one full bathroom (floor area : 50-55 sq.m.) Rental is at 25k a month
- 3 studio units - newly built and furnished - each with one full bathroom (floor area 20-22 sq.m.). Rental is at P15k a month
- parking area can accommodate 5-6 cars

Monthly Income:
Peak Season: Php500k-600k
Lean Season :Php300k-400k

Rental Operation: Short-term (daily and weekly or 1-3 months) and Long term (6 months to 1 year contract

Reason for selling: Owner will now go back to his home country

Selling Price: P37M

Sale transaction: net listing
Buyer's account: transfer expense, doc stamp tax, capital gains tax and notarial fee
Seller's account: broker's fee

For inquiries and assistance, please contact:

MARIQUITA "KETS" L. BOLIGOL
Independent Real Estate Broker
License # 0005770
Cebu City