Good Investment! Active Affordable Rental House with 23 Rooms in the City Center

Specification

Description

Great Investment! Active Affordable 23-Room Rental House in City Center 23-room rental house (each with a security deposit) Land area 185 sqm Building area 350 sqm, built in 2016 Water well depth 80 meters Located in one of Bandung's city centers, accessible via a 40-meter alley from the main road for 4-wheel vehicles CERTIFICATE OF OWNERSHIP 100 meters to Kiaracondong Market 150 meters to Kiaracondong Station 200 meters to TSM/Gatsu/Ganesha Campus 1 km to Samsat (vehicle registration office) 3 km to Bandung Square and Gazibu Currently 90% occupied Room sizes vary from 3x3 to 4x6 sqm Specifics: 15 rooms at 550/month 3 rooms at 650/month 2 rooms at 600/month 1 room at 900/month 1 room at 800/month 1 room at 500/month Perfect for business-minded investors or those planning for retirement, as it yields a decent 15% income. Monthly rates can still be increased as they haven't been raised for a long time, and most tenants have been staying long-term. Upgrading facilities like adding mattresses and wardrobes could further increase rental prices. The monthly expense of 550 includes caretaker and electricity costs, while garbage fees are covered by contributions from each rented room. A safe investment with minimal risk of loss, and can be passed down to future generations. Selling price only 1.25 Billion IDR. First come, first served. AGS