Location Barangay Ugong, Valenzuela City Offering One specific individual property unit Property Type Apartment Transaction For Sale Asking Price P 1,800,000 Floor Area 151 m² Terms Negotiable
Price/Floor Area P 11,920/m²
2 storey 4 Door, 151 square meter fully concrete apartment with a 206 square meter floor area located in barangay ugong, Valenzuela just over a kilometer away from NLEX- Malinta Exit and around 3 kilometers away from Quezon City via Mindanao Avenue. Built in 1998 and located in a residential and partly industrial area, the property is being maintained on a yearly basis although the seller is no longer managing the property on a regular basis.
This property has a sound structure and an elegant design and is currently capable of generating P16,000-20,000 monthly income and is insured for P2 million. The structure is made up of concrete slab on its 2nd level, steel frame on its roof, an overhead water tank, individualized utility meters and a storage unit outside the main structure. This apartment requires no significant renovation or repairs. The property currently has an appraisal value of at least P2.5M and has a loan-to-value ratio of 70%. The loanable value ranges from around P1.75M – P2.1M, more than enough to cover the entire selling price. Qualified Investors who has limited cash can enjoy maximum leverage to acquire this income property. If handled properly, this apartment can still produce positive cash flow even after operating expenses and loan amortization.
Selling Price is P1.8M(net) Best Offer
Direct Buyers Only
Look for : Joel Tel#(02)741-5457 / 0915-5385340 Email Add : email@example.com
Security The building of this property does not have 24 hour security. Neighborhood Area Urban residential Proximity to...
Year Built1998Renovated2009 Status Currently Vacant - ready for immediate occupancy Encumberance None. Building Structure
Height 2 floors Construction Concrete Strength Reinforced concrete columns and beams
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