Rush Sale: 3-storey dormitory for sale, across UC-Mandaue City @Php20M

Rush Sale/Good Deal: Fully occupied three-storey dormitory near UC-Mandaue City. Captured tenants are mostly students of UCLM. This is a very good income-generating property.

Lot area: 380 sq.m.
Floor area : 750 sq.m. approximate
Monthly Income: Php 180k-200k
Titled Property

Old Selling Price: P25M net listing

New Selling Price: P 20M net listing

Note: Market value of the lot alone is @ P50k/sq.m. or P19million. The building is just valued @ P1M . So, this is really a good deal. In just 10 years time, your P20M investment will just be paid off by the income of the building.

Building Details:

* building is concrete (3-storey structure)
* 20 bedrooms (4 aircon rooms and 16 non-aircon rooms)
* 2 other bedrooms -extension of the dormitory
* each room has 4 bed spacers
* 1 canteen (also currently rented )
* all rooms are fully occupied

Selling Price: P20M
Sale Transaction: Net listing
Buyer's Account: capital gains tax, documentary stamp tax, notarial fee and transfer expense

For inquiries and assistance, please contact:

MARIQUITA "KETS" L. BOLIGOL
Licensed Real Estate Broker
License # 0005770
Leuterio Realty and Brokerage
Cebu City