For Sale: Active and Ongoing Rental Units in Ciledug, Tangerang

Specification

Description

*Active Rental Property for Sale* Land area: 1,200 m² Width 24m x Length 50m Single SHM under wife’s name Building Permit (IMB) 53 rental units 4 boarding rooms 2 shops **Strategic Location** ±1 km from Ciledug Outer Ring Road West toll gate exit/entry. Close to Soekarno-Hatta Airport, JORR, Kunciran BSD, Senayan, Gandaria City, Bintaro, etc. **Building Specifications** Hebel Broco walls Light steel roof Marble flooring Aluminum window frames Teak wood doors **Facilities** Satellite pump well water (8 faucets) Prepaid electricity per room AC Wi-Fi **Return on Investment (ROI)** Monthly income: Rp 88 million (Rp 1.056 billion/year) Income breakdown: - 57 units/rooms (boarding) @ Rp 1.5 million = Rp 85 million/month - 2 shops @ Rp 1.5 million = Rp 3 million/month Annual expenses: Rp 92 million - Employee salary: Rp 3.5 million/month (Rp 42 million/year) - Electricity & Wi-Fi: Rp 1.5 million/month (Rp 18 million/year) - PBB tax: Rp 8.5 million/year - Miscellaneous: Rp 2 million/month (Rp 24 million/year) Total annual income: Rp 963 million (1.056 billion - 92 million = 963 million) **Asking price: Rp 18 billion (negotiable, direct owner)** Parking for 12 cars All units occupied Built in 2014 PBB assessed value (land only): Rp 4 million/m² Building + operational rental business value: Rp 11 million/m² Selling value: Rp 15 million/m² (land, building, and business network) Boarding rooms face North and South Front-facing West **Unit Details:** Room size: 3m x 10m 1 living area: 2.2m x 3m 1 bedroom: 3m x 3m 1 kitchen 1 bathroom 1,300W prepaid electricity Central well water pump distributed to individual tanks All partitions made of concrete (Hebel)