Apartment for sale (AP-883)
Mactan, Cebu, Philippines
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FOR SALE:
14 Units Apartment, Lot area: 577 sq.m., Building 633 sq.m.

A very strategic apartment within the place of interest. Apartments 1 through 5 are finished but apartment 3 is the only furnished. Apartments 6 and 7 are unfinished and are slotted to have an extra large master bedroom, no terrace and a 2nd CR. Apartments 8 through 12 are studios consisting of 3 different sizes, all but apt. 11 is fully furnished. Apartment 13 is the managers apt-unfurnished. Apartment 14 is not finished but will have a 1 bedroom with CR.


GENERAL PROPERTY INFORMATION

LOCATION Mactan, Cebu, Philippines
Map of Cebu Province | About Cebu Province
BUILDING 633 sq.m.
LOT AREA 577 sq.m.
PROPERTY TYPE Apartment Units
APARTMENT INFORMATION

Apartments 1 through 7, 52 sq.m. each.
2 bedrooms townhouse up and down
1 CR
laundry room
private terrace
separate electric and water meters

Apartment 1 is an end unit with 4 additional windows 2 large 2 small.
Apartments 1 through 5 are finished with rental incomes of:
9,000 pesos per month for Apts. 1,2 and 4 (unfurnished)
10,000 pesos per month for Apt. 5 (semi furnished)
17,000 pesos per month for Apt. 3 (fully furnished)
All have fire extinguishers. All but apt 4 is currently rented.

Apartment 3 is the only fully furnished townhouse which includes:
3aircons
color TV
TV stand
washing machine with spinner
sofa
coffee table
kitchen table with chairs
pots and pans
2 beds with sheets and pillows
2 closets
2 night stands

Apartment 4 has a hot water heater in the shower and extra cabinets in the ktchen, bathroom and there is a built in bookcase on the second floor.

Apartment 5 has an air conditioner, fridge, closet and coffee table.

Apartment 6 and 7 are unfinished and are slotted to have an extra large master's bedroom, no terrace and a 2nd CR.

Apartment 8 through 12 are studios consisting of 3 different sizes, all but apt. 11 is currently rented.

Apartment 11 is fully furnished with:
Aircon
21 inch color TV with stand
stove with oven and pirce gas tank
hot water heater in the shower
rice cooker
microwave
washing machine
fridge
bed with sheets and pillow
closet
kitchen table
some have additional plastic table and chairs on terrace
pots and pans

Apartment 8 is 9,000 per month plus 2150 for utilities =11,250
Apartment9 is 8,000 per month plus 2750 for utilities =10,750
Apartment10 is 7,000 per month plus 2250 for utilities =9,250
Smallest studio with previous rent of 5,500 plus 1150 for utilities. It does have an aircon and bed =6650
Apartment 12 is 9,000 per month with 2750 for utilities =11,750

The studios have no sub meters for utilities.
Electric is 1500 to 2000 per apt
Water is 100 per apt
Cable is 600 apt
All Apts. carry a 50p monthly sevice charge

Apartment 13 is the managers apt-unfurnished
Apartment 14 is not finished but will have a 1 bedroom with CR

Current income with out utilities is 78,000 add units 4 and 11 which are currently not rented and the income will be 92,500
furnish Apts. 1, 2, 4, and 5 the rental income will be 123,000
finish Apts 6,7 and 14 the rental income will be 173,000      
 
These numbers do not include profit from the water (deep well), monthly service charge or cable! Estimated at 9,000 per month when fully rented!!!!!!!! bringing the potential up to 182,000 per month not including possible income if the managers apt was rented out and fully furnished, 190,000

There is gated parking for 4 to 5 cars. There is ungated parking for 4 to 5 cars.

PRICE PHP 19,000,000

Click to find out price in other currencies.

CONTACT INFORMATION

THIS PROPERTY: Code: AP-883 (Apartment for sale- Cebu)

E-mail: cebsouth55@islandsproperties.com

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MEASUREMENT/ABBREVIATION GUIDE

1 hectare = 2.47 acres | 1 hectare = 10,000 square meters | 1 acre = 4,000 sq. m.
1 square meter = 10.76 square feet | 1 kilometer = 0.62 miles
1 meter = 3.28 feet | 1 meter = 1.09 yards
sq.m. = square meters | PHP or P = Philippine Peso | USD or $ = United States Dollar
m = meter | approx = approximately | km = kilometer | min = minute


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