APARTMENT COMPLEX WITH POOL FOR SALE PHILIPPINES
Apartment Complex With Pool For Sale Philippines. As a luxurious jewel, this beautiful apartment building attracts great upper-class tenants. Both TripAdvisor and Google have rated us as Dumaguete’s NUMBER ONE apartment rentals for 8 years in a row.
TWELVE FULLY FURNISHED UNITS NEEDS NO REPAIRS ALWAYS MAINTAINED IN PERFECT CONDITION
17 FULL BATHROOMS WITH SHOWERS
624 SQ METERS UNDER ROOF
EACH APARTMENT IS 80 SQ METERS INCLUDING FRONT PORCH AND KITCHEN WITH LAUNDRY AREA
OWNER’S RESIDENCE IS 110 SQ METERS PLUS
80 SQ METERS OF ATTIC SPACE
LOT IS 1,703 SQ METERS
LAND VALUE IS ~7,500 PESOS PER SQ METER
TOTAL LAND VALUE 13 MILLION PESOS
COST TO DUPLICATE TODAY
IS 43,000,000 MILLION PESOS
Firmly Priced at 26 million Philippine Pesos. Cancer forces the owner to sell. He will help secure financing for qualified buyers!
This apartment complex for sale has been the number one top-rated in the Dumaguete entire area ever since it opened eight years ago as reported on GOOGLE and TRIP ADVISOR. There are at least 500 hundred previous guests that will no doubt return for another visit. Our returning guests keep on increasing simply because they love it here! If interested, email David Williams at firstname.lastname@example.org or call 63-0927-320-2111. If you are in the USA, dial 803-403-2050 (the call is free).
Raw land is selling nearby for 7,500 pesos per square meter. This means the current value of the land without the buildings and pool is 12.7 million pesos.
Our total land area is 1,703 square meters. (12.7 million pesos)
VALUE OF THE OWNERS HOUSE
The current market value of the separate owner’s house is 6.5 million pesos.
VALUE OF OUR MAIN APARTMENT BUILDING
The construction cost on the apartment building was 12 million pesos 8 years ago. The same building today will cost 18 million pesos. We recently spent 2 million pesos to refurbish the furniture in all twelve apartments. To duplicate this apartment resort today would cost over 43 million pesos (over $843 thousand dollars)!
COST OF THE POOL AND SURROUNDINGS INCLUDING KITCHEN was 5 million pesos. Today’s cost would be close to 10 million pesos.
The total construction cost was 27 million pesos. Now add the 13.6 million in land value and you get a fair market price of 43,000,000 Pesos. This property is a STEAL at 26,000,000 pesos and only because the owner has cancer!
THIS IS A TREMENDOUS INVESTMENT OPPORTUNITY!
Our apartment building is the strongest, safest, non-flammable apartment building in the Philippines. It is earthquake-proof, burglar-proof, fire-proof, lightning-proof, tsunami-proof, typhoon-proof, and flood-proof.
THIS IS NOT YOUR TYPICAL APARTMENT
Slum landlords build 90% of the apartments in the Philippines to supply the demand for cheap housing. These buildings attract drug attics, drunks, and lots of trouble makers.
Our apartment complex serves the luxury market. Our tenants are well-to-do and well-behaved. As mentioned above, we have been the NUMBER ONE rated apartment complex in Dumaguete City ever since we first opened our gates 8 years ago. We are the premier place to stay in Dumaguete City, Philippines.
The 18 concrete columns and hundreds of meters of beams (17″ wide and 17″ thick with nine 25 mm steel bars) make this place earthquake-proof.
We had to stop construction at 2-stories with a large attic as the third floor. However, it will be easy to lift the roof and add another two floors back to the original design.
Bottom line is that we ended up with 10 studio apartments on two floors that rent for $600 (31,200 Php) per month (5 units on each floor) with 2 loft apartments on the 3rd floor that rent for $450 per month each.
Our building is so strong that it could even serve as a bomb shelter!
WE ARE UP THE BIG MOUNTAIN 10 KM WEST OF DUMAGUETE CITY
There are 12 fully furnished apartments plus a beautiful detached one-story owner’s house with a large attic and a drop-dead gorgeous swimming pool. Every unit is fully furnished. Also included is a small eatery that seats 40 people by the pool!
The first thing we did after we drafted our plans was to landscape this property at a slight downward angle to make sure our underground storm drainage system always works. There is also an underground storage tank that stores up to 5000 gallons of filtered rainwater that we can pump into the pool as needed. We can also pump this same 5000 gallons of clean rainwater to all our buildings if the city water main ever breaks. In addition, there is another underground drainage canal that carries excess water into the main below ground level city drainage ditch. This place is flood-proof even in the worse typhoon.
NEW INTERNATIONAL AIRPORT WILL OPEN 30 MINUTES FROM OUR LOCATION IN 2022.
Dumaguete City is getting ready for an enormous boost in tourism because of the opening of a new International Airport in 2022 (Link). This new airport will bring a rush of tourists resulting in an increased demand for short-term rental apartments. The government is also building hundreds of miles of concrete roads to all the tourist attractions in the mountains above Dumaguete. The expansion boom has just now begun.
CURRENT RENTAL RATE
Each luxury apartment rents for $600 per month. Our occupancy rate was 100% until Covid-19 arrived. We are now 50% occupied.
FULL-TIME STAFF WILL STAY WITH THE NEW OWNER
We have a full-time maid and a full-time cook. We also have a full-time gardener and a full-time maintenance man who doubles as our driver.
THE NUMBER OF RETURNING GUESTS INCREASES EVERY YEAR!
There is no lengthy waiting period to build up repeat customers. All units are air-conditioned and equipped with new wall-mounted 52″ SONY SMART TVs, 2-burner gas stoves, GE microwave ovens, pots and pans, towels, sheets, pillows and much more. Look everything over at this web page (Link).
GOOGLE SATELLITE MAP
The swimming pool is a big draw because none of the big hotels in the area have a pool. No one can beat our pool anywhere near our price.
THE FASTEST GROWING CITY IN THE PHILIPPINES
Property appreciation is running at 15% per year, mostly because labor, materials, and land values have exploded in Dumaguete. The city is growing like crazy because a new International Airport will open about 20 km from our place in less than 1 year.
GREAT INCOME PROPERTY IN DUMAGUETE
Our occupancy rate averages 90% 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! YOU MUST SEE TO APPRECIATE!
We also have fiber-optic Internet at 100,000 Mbps. Our apartment complex is spotless, with a well-trained staff. There is also an electrified 16-foot security wall. In addition, there are security video cameras all around. This is the cleanest, most secure apartment complex in the Philippines. You must see this jewel to appreciate the value!
One other point, a class 3 cyclone has never hit Dumaguete. The mountains in the area steer the storms to the left or right of Dumaguete. But big rainstorms do hit the area. But we do not flood because we built this compound with drainage canals all-around. Flood damage is out of the question here.
Apartment Complex For Sale Philippines