Listing #: 175 Location: Mactan Cebu, Philippines Price: 15,000,000.00 PHP USD EUR JPY GBP Lot Area: 577 sq m sq ft hectare acre Date Added: 11/30/2008 Views: 426

Building Area: 633 square meters Apartments 14 doors All have fire extinguishers. 1) Apartments 1 through 7, (52 sqm. each), 2-storey w/ 2 bedrooms, 1 TB, laundry area, private terrace, Separate electric & water meters. -Apartment 1 is and end unit with 4 additional windows 2 large 2 small MONTHLY INCOME: -Apartments 1 through 5 are finished with rental incomes of: P 9,000 /month  For Apts. 1,2 and 4 (unfurnished) -For Apartment 5-------P10,000 / month  (semi furnished) -For Apartment 3 -------P17,000/ month  (fully furnished) Apartment 3 is the only fully furnished townhaus which includes: 3 aircons, stove with oven and price gas tank, fridge, hot water heater in the shower, 21” 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 nite stands -Apartment door 4 has a hot water heater in the shower and extra cabinets in the kitchen, bathroom and there is a built in bookcase on the second floor -Apartment door 5 has an air conditioner, frig, closet and coffee table. -Apartment door 6 and 7 are unfinished and are slotted to have and extra large master bedroom, no terrace and a 2nd CR -Apartments door 8 through door 12 are studios consisting of 3 different sizes, all but apt 11 is currently rented. -All but apartment 11 fully furnished with: Aircon, 21” color TV with stand, stove with Oven and price gas tank, hot water heater in the shower, rice cooker, microwave, washing machine, frig, bed with sheets and pillow, closet, kitchen table, some have additional plastic table and chairs on terrace, pots and pans  There is gated parking for 4 to 5 cars.There is ungated parking for 4 to 5 cars.    View our hundreds of HOUSE AND LOT for sale listing  in Cebu City, Lapulapu City, Mandaue City, Metro Cebu, North and South area in Philippines.

More Photos (Click to enlarge) apartment apartment bedroom bedroom bedroom 1 bedroom 1 kitchen area kitchen area living area living area toilet and bath toilet and bath

-Apartment door 8 is P9,000 per month plus P2,150 for utilities    =P11,250
-Apartment door 9 is P8,000 per month plus P2,750 for utilities    =P10,750
-Apartment door 10 is P7,000 per month plus P2,250 for utilities    =P9,250
-Aptartment door 11 is not rented and is semi furnished and also the smallest studio with previous rent of P5,500 Plus P1,150 for utilities. It has an Aircon and bed=P6,650
-Apartment door 12 is P9,000 per month with P2,750 for utilities    =P11,750

The studios have no sub meters for utilities.
Electric is P1,500 to P2,000 per apartment door
Water is P100 per apartment door
Cable is P600 per apartment door
All Apartment carry a P50 for  monthly service charge

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

Current income with out utilities is  -------------P78,000
add units 4 and 11 which are currently not rented and the income will be P92,500
Furnish Apts. 1, 2, 4, and 5    the rental income will be -------123,000 finish

-Apartment door 6,7 and 14 the rental income will be -------P173,000       
 
These numbers do not include profit from the water (deep well), monthly
 service charge or cable! Estimated at P9,000 per month when fully rented, bringing the potential up to P182,000 per month not including possible income if the managers of apartment  was rented out and fully furnished, P190,000

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