ATTRACTIVE REVENUE APARTMENT FOR SALE (QUIAPO)
Address: No. 1126b-Vergara St., Quiapo , Manila. About 50 meters walking distance to TIP (Technological Institute of the Philippines
Lot Area: 38.44 sqm
Floor Area: 76 sqm
Price: Php 3.3M
Landmarks: The Barangay hall is just 20 meters away. Other institutions closeby are: MLQU-quiapo, Plaza Miranda, Nazarene Catholic School, Quiapo Market, National Teachers’ College, DSWD, CEU, La Consolacion College Mla., San Beda, San Sebastian,& Malacanang complex.
The Apartment has a Lodging capacity for 14 students, normal fee in the area is P2,500/head/month. This is a potential revenue of P35,000/month. Not to mention the revenue extras for the caretaker in providing laundry & food service. All students will occupy the second floor (4 double deckers in the back room and 2 tripple deckers in the front room). The caretaker has a room provided under the staircase. The ground floor is dedicated to a visitors’ area. The dining area, the cooking and kitchen area with 1Room Toilet and bath and an extra bathroom. The facility is provided with strong water from pumped water tank on MWSS source and lighting connections from MERALCO. Price is P3.3M (negotiable) with estimated pay-back after 8 years operation. Very Attractive Investment.