Are you looking for an investment that will offer you a return of more than 12%? If this catches you then I have to tell you, it does not stop here at all, you can also increase from the existing 7 storey apartment block to 4 additional floors making this then an 11 storey building adding even more value, profit and a very healthy monthly income.
Just a little about this great deal on offer.
a. 7 Storey building with undercover parking
b. 26 Apartments (fully furnished)
d. Swimming pool
h. Monthly income 12,250Bd
i. In a sought after area
j. Possibility to add at least 14 additional apartments
k. On sale right now for an incredibly low price of only 1,280,000Bd
Properties in this area with tremendous growth are the President Waves, 100 Residence, Jana Tower, Cielo Tower, Al Fanar 1 & 2, and many, many more prominent and executive apartment buildings that are your neighbours and only increase the value every day.
In the retail world, properties that are located in high-traffic areas like this apartment building on offer are more likely to attract tenants willing to renew their leases, as well as attract new tenants should your tenants leave. The same principle is true on a macro scale.
Fast-growing suburbs and other in-demand neighbourhoods such as this one are popular among real estate investors for a reason. You cannot go wrong because you will always be on top of your investment.
Pros of Buying Apartment Complexes: There are many benefits to owning an apartment building. These include recurring income, diversifying the income across many units, lower per-unit maintenance costs, the possibility of extra sources of income over and above the rents, financing based more on the property’s financials than your own, and the building’s value is often a function of rents.
Recurring Income from Buying an Apartment Complex: One of the main reasons for buying apartment buildings is ongoing income. If the deal is right, and the finances are sound, a good apartment building will throw off recurring monthly income, also known as positive cash flow.
So are you looking for a property that will put you in this position to retire? Then call me today because I have it available to sell right now. Is it not time that you make an executive decision?