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excellent investment opportunity for serious buyers only building in dammam, al-khaleej neighborhood, close to king abdulaziz street, area 325, approximately 15 years old consists of 8 apartments with two rooms, living room, kitchen, and bathroom 8 rooms with one room, kitchen, and bathroom the building is clean and all apartments are rented under electronic contracts total income 165 thousand asking price 1.5 million, negotiable

building information dammam very close to king abdulaziz street and close to the market and corniche and close to development. area 162 meters on two streets, north and east. ground floor: four rooms, two entrances (north and east), two bathrooms, large kitchen, and large hall that can be divided into two apartments. currently rented to an institution for 15,500 in two payments with independent electricity meter. water is tenant's responsibility and the new contract will be 18,000. first floor: two apartments, each apartment has two entrances. apartment #2 is on the east and north corner with three rooms, hall, large bathroom, kitchen, and two balconies. apartment #3 has three rooms, hall, large bathroom, kitchen, and balcony. the apartment faces east. the first contract for both apartments was 25,000 annually and we wrote a new contract for 30,000 annually. each apartment has an independent electricity meter. second floor: four apartments. apartment #4 has one room, kitchenette, bathroom, roof, independent electricity meter. rent 650 riyals including water and electricity, currently vacant. apartment #5 has one room, hall, kitchenette, bathroom, independent electricity meter, currently rented for 650 including water, and the new contract will be 900 riyals including water and electricity. apartment #6 has one room, hall, kitchenette, bathroom, independent electricity meter. rent 900 riyals including water and electricity, currently vacant. apartment #7 has two rooms, bathroom, kitchenette, balcony, can be divided into two apartments (room with amenities), independent electricity meter. market rent 1,000 riyals including water and electricity. comprehensive maintenance has been done for the apartments. if the owner wishes to subdivide, the municipality has approval from a certified engineering office that inspected the apartments. the apartments can be subdivided with each apartment having an independent deed under urban planning supervision. total building income limit: 89,000 property age: approximately 30 years floors: three apartments: 7 apartments varying from 3 rooms with amenities and balconies to one room with hall, amenities, balcony and roof.

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