2-storey Studio Type Apartment in Bgy. San Pedro, Puerto Princesa City

Property Description:

Discover this excellent investment opportunity in the heart of Bgy. San Pedro, Puerto Princesa City – a well-maintained 250 square meter, 2-storey studio apartment complex consisting of 8 units. This property is not only practical but also packed with features to ensure a comfortable and secure living experience.

Key Features and Amenities:

• Fully Fenced & CCTV Surveillance: Safety and security are a top priority with the inclusion of closed-circuit television.
• Permits: Fully compliant with all necessary permits, including the Mayor’s Permit, Building Permit, and Occupancy Permit, providing peace of mind for both owner and tenants.
• Outdoor Solar Lights: Energy-efficient outdoor lighting contributes to a sustainable and eco-friendly environment.
• Individual kWh Meter & Water Meter: Ensures accurate utility billing and transparency for tenants.
• Parking Area: Dedicated parking spaces for residents provide convenience and enhance the property’s value.
• Gate & Fence: The property is secured by a sturdy gate and fence for added privacy and safety.
• Concrete Road & Street Lights: Easy access with well-maintained roads and ample street lighting.
• In-Unit Facilities: Each studio apartment is equipped with its own bathroom and kitchen, offering self-sufficiency and convenience to tenants.
• Common Laundry Area & Dirty Kitchen: Additional communal amenities add value and utility to the property.
• Air Conditioning: 2 units come with split-type air conditioning, and 1 unit has a window-type air conditioner, ensuring tenant comfort.
• Versatile Use: The property’s layout and amenities make it suitable for use as a transient/pension house, providing various income-generating options.
• Rental Income: Enjoy an income range of 4,000 to 7,000 PHP per unit per month, ensuring a steady revenue stream.
• Prime Location: Within a 1-kilometer radius, you’ll find Centro Hotel, Life College, Life Church, Adventist Hospital, Robinsons Mall, NCCC San Pedro, One Asenso, Budget San Pedro, Citi Hardware, Police Station, Fire Station, Asturias Hotel, and Paleco, making it an attractive location for tenants and business endeavors.
• Mortgage Details: The property is currently under mortgage at the Cooperative Hospital
• Price: The property is available for 10 million PHP, with CGT and Doc Stamp responsibilities assumed by the owner.
• Income:8 units -4-5k per unit. (35k monthly fully occupied) – all professionals
• Year Built:2016

This studio apartment complex is in Bgy. San Pedro, Puerto Princesa City, offers a secure, well-located, and revenue-generating investment opportunity. Don’t miss out on this chance to acquire a property that is not only financially sound but also well-equipped to meet the needs of both you and your tenants.