Apartment building for sale in a prime location in Chiang Mai city center.
Near Chiang Mai Rajabhat University and Jingjai Market. Currently tenanted, generating immediate income.
🔴 🏢 For Sale: Prime Apartment Building in Chiang Mai City CenterNear Chiang Mai Rajabhat University and Jingjai Market. Currently generating immediate income with existing tenants.🔴 Income and Return on Investment Information:✔️Monthly income approximately 185,000 THB✔️Total annual income approximately 2,220,000 THB✔️Monthly expenses approximately 39,000 THB✔️Yield approximately 9%✔️Capacity Rate approximately 7%✔️ROI approximately 7%✔️Payback period approximately 14 years💰 Selling Price: 25,000,000 THB📍location16 Soi Sri Mongkol, Pattanachang Phueak Soi 1, Chang Phueak Subdistrict Mueang Chiang Mai District, Chiang Mai 50300Map //https://maps.app.goo.gl/2j5cp4cE472exTCK7?g_s----🔴 Building Details* Land area: 111 square wa* 5-story building* Building age: Approximately 17 years* Total of 45 rooms* Currently occupied by tenants: 43 rooms* Occupancy rate: Approximately 100%* 1 maid's room* 1 office* Elevator available* Furnished with items such as beds, mattresses, wardrobes, desks, and curtains* Appliances included: Air conditioners, fans, and water heaters* Parking for approximately 3 cars + 50 motorcycles🔴 Estimated Rental Income* Monthly rental rooms: 20 rooms × 3,000 baht each = 60,000 baht/month* Air-conditioned rooms: 23 rooms × 3,500 baht each = 80,500 THB/month* Income from signal rental: approximately 5,500 THB/month* Total income: approximately 146,000 THB/month* Or approximately 1,752,000 THB/year🔴 Security deposit: approximately 3,000–3,500 THB💧 Water: 32 THB per unit⚡ Electricity: 8 THB per unit🔴 Property Highlights:Located in Chiang Mai city center, near the university. Has existing tenants and additional income from signal rental. Ideal for investors looking for a ready-to-operate dormitory with immediate income.
Land
45
45
111 m²
