31-bedroom dormitory for sale in Urgello, Cebu City @ P50M nett

FOR SALE: Income-generating dormitory of 31 bedrooms, strategically located in Urgello, Cebu City. This is very near Southwestern University, USC -Girls High/South, CNU, ACT, Elizabeth Mall and Citi Mall. All the bedrooms are now fully occupied.

Lot Area: 238 sq.m.
Building Floor Area: 920 sq.m.
Number of Floors: 3 levels plus the roof top
Age of the Building: roughly 8 years
Current Monthly Income: Php300k-310k
Selling Price: P50M
Sale Transaction: net listing
Buyer's account: capital gains tax, documentary stamp tax, notarial fee, and transfer expense
Seller's account: broker's fee

Dormitory Details:
* has 31 bedrooms including the unit for PWD
*Every floor level has 10 Air-Conditioned rooms furnished with table, chairs, built- in cabinets, bed, mattress and pillow,
* Each room has individual toilet/bathroom with water heater,
*Each room will accommodate 4 persons,
* Each room has 2 double deck with foam & pillow,
*)Each room has 4 Cabinets for personal belongings and 1 outside cabinet for shoes & sleepers,
9) The building has its own deep wheel and water pump as main source of water together with an overhead water tank, but in case of pump failure there's an alternative MCWD water line,
10) Each room has an individual submeter for electricity and water meter,
11) Rental rate per room is P10K, so the 4 lodgers will only pay P2.5K every month