Description

3-Storey Income Generating Dormitory Building For Sale Near Gateway Mall Cubao

PROPERTY DETAILS:
Total Lot Area: 300 sqm
Developed Lot Area: 100 sqm
There's a Lot Area of 200 sqm that can be used for future development
Floor Area: 300 sqm.

Building blueprints available.
The dorm can accommodate a total of 62 tenants.
Currently running around 85% occupancy rate.
Currently earning around P170,000/month
Clean title under an individual owner (not under a corporation)
PHP35,000,000 NET TO THE SELLER
Buyer pays for CGT/VAT, DST, and all transfer-related expenses

3-STOREY BUILDING DETAILS:
1st Floor Floor Area: 100 sqm
3 rooms with a bathroom that can accommodate 4 tenants in each room
2 rooms with a bathroom that can accommodate 6 tenants in each room

2nd Floor Floor Area: 100 sqm
3 rooms with a bathroom that can accommodate 4 tenants in each room
2 rooms with a bathroom that can accommodate 6 tenants in each room

3rd Floor Floor Area: 100sqm
7 rooms with a bathroom that can accommodate 2 tenants in each room

This prime property is a Residential / Commercial lot with a 3-Storey building built in 2020 that is only a 7-minute walk to Gateway Mall in Araneta Center. It has a total of 17 rooms with each room having its own private bathroom that is complete with beds and cabinets. It can accommodate up to 62 tenants and can potentially earn as much as P236,000 a month. 

This property also has a kitchen, labahan and sampayan area, a staff room with its own bathroom, an office with owner's private bathroom plus 4 parking spaces. It also includes an 8-Channel CCTV Camera, 1 above-the-roof water tank, and 1 ground water tank. Plus this property has an unused 200 sqm. lot area that can be used for future development.