Apartment building for sale in a prime location in the Santitham area, Soi Thantawan, Chiang Mai.
🔴 For Sale: Prime Location Apartment Building in Santitham Area, Soi Thantawan, Chiang MaiIdeal for investors looking for an apartment building business in the heart of Chiang Mai. Existing tenants already in place. (Fully occupied)Business can be continued.➖🔴 Return on InvestmentNOI 2,160,000 THB/yearOccupancy (%) 100Yield (%) 10.0%Capacity Rate (%) 8.00%ROI (%) 8.00%Payback 13 years🔴Monthly income 230,000 THB🔴Annual income 2,760,000 THB➖📍Location:BB HOME (BB Home) Soi ThantawanChang Phueak Subdistrict, Mueang District, Chiang MaiMap: https://maps.app.goo.gl/vZQmKM9LLAuZWZzs5?g_s----Near the university, workplaces, and the Santi Tham community area. Convenient access to the city.💰 Price: 33,000 THB✨ Property Details☑️ Land Area: 196 sq.w.☑️ 2 Title Deeds☑️ 1 Building, 4 Stories High☑️ Building Age: Approximately 20 Years☑️ Total Rooms: 68☑️ 45 Fan Rooms☑️ 23 Air-Conditioned Rooms☑️ 1 Maid's Room☑️ 1 Office☑️ Currently Occupied: Approximately 66 Rooms☑️ Rental Rates: Approximately 2,500–3,000 THB/month☑️ Fan Rooms: 2,500 THB/month☑️ Air-Conditioned Rooms: 3,000 THB/month➖🛏️ Furniture and AmenitiesIncludes bed, mattress, fan/air conditioner, wardrobe, and desk.Includes water heater and curtains, along with free internet. CCTV cameras are installed.➖🚗 Parking area: Approximately 10 cars and 80 motorcycles.➖🔥 Investor Highlights:The building is almost fully occupied by existing tenants. The location is in the Santitham area, a central residential district with many dormitories/apartments, ideal for investment to generate continuous rental income.