Dormitory Building for Sale, Fairview – Corner Lot, 891 sqm, Ideal for Investors

Property Description:

Located at 44 Ilang Ilang St., Maligaya Park, Fairview, this spacious dormitory-style building offers a prime investment opportunity in a thriving area. The property is situated on a corner lot with a land area of 891 sqm, providing ample space for its two-story concrete structure. The building is designed with functionality and comfort in mind, offering a combination of studio and dormitory units, ideal for students, young professionals, or anyone seeking affordable living arrangements in a strategic location.




Key Features:


Lot Size: 891 sqm, corner lot for maximum exposure.

Structure: Two-story concrete building with less than 400 sqm of floor area. The second floor has not been completed due to the pandemic, offering a potential opportunity for future expansion.

Ground Floor:

8 studio units for 2 persons each at ₱6,500/month.

8 dormitory units with 4 dormers per unit at ₱2,800 per dormer.

Separate Two-Story Structure:

Ground floor is dedicated to the caretaker's quarters.

Second floor is a studio unit with a kitchen, offered at ₱7,500/month.

Kitchen & Dining Area: Spacious 60 sqm area for communal use.

Laundry Area: A 30 sqm area with toilet and bath, ensuring convenience for residents.

Bathrooms: Each dormitory unit has its own toilet and bath for privacy and comfort.





Amenities:


Common kitchen and lounging area for all residents.

Each unit has its own toilet and bath, providing convenience and privacy.

Ample laundry area with its own facilities.

Spacious communal areas designed for easy living.





Rental Income Potential:


The property typically generates a rental income of ₱150,000 per month with partial occupancy.

If fully occupied, the rental income could reach ₱300,000 per month, making it an ideal investment for those looking to earn passive income.





Nearby Establishments:


Located in Maligaya Park, Fairview, the property is close to essential establishments such as shopping malls, schools, restaurants, and public transportation options, making it a convenient choice for residents.


          Nearby Shopping malls about 500 m away:                                 Nearby schools:

                 AYALA  FAIRVIEW  TERRACES                                                            MONTESSORI

                SM  FAIRVIEW                                                                                       DIVINE GRACE SCHOOL                                     

                ROBINSON'S NOVALICHES                                                                 MALIGAYA HIGH SCHOOL




This dormitory building is a fantastic opportunity for those looking to invest in a property that provides both immediate returns and future potential. Whether you're an investor looking for stable rental income or a property seeker in need of affordable living space, this property offers the perfect solution.