BB HOME, Chiang Mai

For Sale: Prime Location Apartment Building in Santitham, Soi Thantawan, Chiang Mai.

Ideal for investors looking for an apartment building business in the heart of Chiang Mai. Currently fully occupied with existing tenants.
Business can be continued immediately.

Return on Investment (ROI):
NOI 2,160,000 THB/year
Occupancy: 100%
Yield: 10.0%
Capacity Rate: 8.00%
ROI: 8.00%
Payback period: 13 years
Monthly income: 230,000 THB
Annual income: 2,760,000 THB

Location:
BB HOME, Soi Thantawan, Chang Phueak Subdistrict, Mueang District, Chiang Mai.
www.h*****
Near universities, employment centers, and the Santitham community. Convenient access to the city.
Price: 33 million baht.
Property Details:
Land area: 196 sq.w.
2 land title deeds
1 building, 4 stories high
Building age: Approximately 20 years
Total number of rooms: 68
45 fan rooms
23 air-conditioned rooms
1 maid's room
1 office
Currently occupied by approximately 66 tenants.
Rental rates: Approximately 2,500–3,000 baht/month
Fan room: 2,500 baht/month
Air-conditioned room: 3,000 baht/month

Furniture and amenities:
Bed, mattress, fan/air conditioner, wardrobe, desk
Water heater and curtains. Free internet access. CCTV cameras installed.

Parking area:
Approximately 10 cars and 80 motorcycles.

Investor Highlights:
The dormitory is almost fully occupied. Located in the Santitham area, a central residential area with many dormitories/apartments, ideal for investment to generate continuous rental income.
________________________________