Ban du, Chiang Rai

Urgent Sale 3 Story Apartment Building 26 Rooms in Ban Du Chiang Rai City Center Fully Occupied 6 Percent Yield Investment Ready
Property Overview
Asking Price 21,900,000 THB
Transfer Ownership Fees and Taxes Split 50:50 between buyer and seller
Property Title Title Deed (Chanote Garuda Red) clean title free of any encumbrances
Land and Building Details
Land Area 171 Square Wah (684 Square Meters)
Total Building Usable Area 940 Square Meters
Structure 3 Story concrete building 10 years old with official building permit and up to date property tax
Zoning Pink Zone
Location Located in a peaceful dead end alley only 50 meters from the main road highly secure and completely flood free
Room and Amenities Breakdown
26 Air conditioned rental rooms (16 Square Meters per room)
1 On site office room
Fully furnished rooms including bed wardrobe air conditioner television refrigerator fan water heater and exhaust fan
Parking space for 6 cars (indoor and outdoor) plus designated motorcycle parking
Security system with 11 CCTV cameras installed around the premises
Financials and Investment Potential
Current Occupancy Rate 100 percent targeting students and working professionals
Estimated Investment Yield approximately 6 percent per annum
Total gross monthly income approximately 100,000 THB when self managed
Currently subleased with a steady rental income of 65,000 THB per month
Utility Rates Water 30 THB per unit Electricity 8 THB per unit
Green Energy Equipped with a 5.5 kW solar cell system (10 panels) installed to significantly reduce common area electricity costs along with backup water tanks and water pumps
Nearby Landmarks
Thanapiriya Department Store 200 meters
Ban Du Fresh Market 800 meters
Chiang Rai Rajabhat University 1 kilometer
Makro Chiang Rai 3 kilometers
Mae Fah Luang Chiang Rai International Airport 4.5 kilometers
Mae Fah Luang University 9 kilometers