Boarding House in Ciateul Near 2 Universities High Return

Specification

Description

For sale: boarding house in Ciateul with specs: - Land area 273 m² - Building area 500 m² (2.5 floors) - Newly built boarding house with 15 rooms on the 2nd floor - 4 rooms on the 1st floor that can also be used as boarding rooms, and the living room can be partitioned to add 3 more rooms (total can be up to 22 rooms) - 1 garage, 1 carport - Former shop space - PDAM water supply - 2200 electricity - East-facing - SHM (Certificate of Ownership), IMB (Building Permit) available - Price 3 billion negotiable Potential to become 22 rooms. If window AC units (1/2 pk) are added, rooms can be rented for 1 million/month/room. Total monthly income 22 million, annually 264 million. ROI reaches 8.5% or 10% with heavy negotiation and rental price increase. Strategic location only +/- 50 meters from Ciateul main road and accessible by car. Near: - Langlangbuana University - Pasundan University Lengkong - Business areas of Asia Afrika Street & Karapitan RHS