Prime Residential Lot with Income-Generating Old House Near C-5 Access Gate

The subject property is located approximately 70 meters from the E. Rodriguez (C-5) Gate entrance, providing convenient access to the main thoroughfare of the subdivision. The property is presently improved with an old residential structure currently being utilized for rental purposes. The improvement appears to be of older construction and limited remaining economic life, and therefore contributes minimally to the overall value of the property. The surrounding area is predominantly residential in character, with developments consisting mainly of single-detached houses and similar residential improvements. Due to the age and condition of the existing structure, the valuation of the property is primarily based on the underlying land value.