NEEDS NO REPAIRS – ALWAYS MAINTAINED IN PERFECT CONDITION
APARTMENT BUILDING FOR SALE PHILIPPINES
Cancer forces me to sell my apartment complex/resort in the Philippines. From the Philippines, call cell at 0927-320-2111 or our land line at 63-35-421-1343. From the US dial 1-336-645-3360 between 6 AM and 11 AM Eastern Standard Time. Or, send email to firstname.lastname@example.org Skype: dw-williams or dsa.marisa
Apartment Building For Sale Philippines (12 units expandable to 42 units) plus a detached owners house. Every unit including the owner’s house is fully furnished. You are also buying a large swimming pool, restaurant, motorbike rental business, and an attached back lot for adding another 30 units! You can see the banana trees in the back lot in the top picture.
Each unit is fully furnished and mostly rented so you start making money from the day the deal closes. No waiting around 10 years building up repeat customers. The rental bikes are in perfect condition and a private tricycle is included. All are air condition with 16 new flat-screen televisions, stoves, microwave ovens, pots and pans, towels, and much more. Look everything over at the following site:
As mentioned above, included is an attached 600-square meter vacant lot where you can add up to 30 apartments (5 stories). You can see the property on this Google satellite map. Look for the outline of the pool. Directly behind the pool and attached to the same property is the expansion lot included with the deal. Being able to expand is a gigantic plus that I planned to do until I got sick.
You will need more units. None of the big hotels in town have a swimming pool. No one can beat our pool at anywhere near our price. It is a huge draw that cost 5 million pesos. You could easily fill another 30 units and kick your income to the moon.
The guest in the new back building would have full access to the pool and restaurant by simply opening large archways to the pool. An easy job since the arches were in the original building plans. The new owner can quickly expand to a 42-unit extended stay hotel-apartment complex. The new units would triple current profits. Appreciation on the property is expected to be 10% per year. Dumaguete is the fastest-growing city in the Philippines.
GREAT INCOME PROPERTY IN DUMAGUETE
Or, even better, you could convert the building to condominiums and sell each for at least ~$70,000 US dollars. Gross selling price for 42 units will be almost $3 million. Add the sale of the owner’s house and you take in another $150,000. In other words, there is huge potential for a big profit in a very short time. Look us up on TripAdvisor by clicking below:
Our occupancy rate averages 95% year-round. Hundreds of repeat tenants coming back constantly. Facilities maintained in 100% perfect condition. No repairs needed; not even small repairs. No paint needed. NOTHING BROKEN. Everything in perfect condition!
We also have high-speed Internet with 6 phone lines and 15 different wi-fi modems. Moreover, this complex is super clean all around with a well-trained staff. There is also a 16-foot security wall. In addition, there are security video cameras everywhere. The cleanest most secure place in the Philippines. You must see this jewel to appreciate the value!
One other point, Dumaguete has never been hit by a category 3 cyclone. The mountains in the area steer the storms to the left or right of Dumaguete. The area has been hit with a rain storm, but this place was built with drainage all around so flood damage is totally out of the question.