Residential and commercial
Price § SAR
Area m²
Apartments
Stores
Street width
Age
Building for Sale in Al Mithnab Al Wurud
§ SAR 1,600,000
🔥 for sale to the highest bidder 🔹 real estate investment opportunity in al-mithnab – al-wurud district 📍 prime location with 3 frontages (south / east / north) one of them is a 50m residential / commercial street an ideal opportunity for an investor or real estate trader seeking a developable asset with the potential to increase returns. 🏢 property details: ▪️ total area: 1,421 m² ▪️ 4 title deeds (3 free + 1 mortgaged deed ~174 thousand) ▪️ 2 commercial shops ▪️ 4 spacious apartments ▪️ 4 garages ▪️ annexes + barbecue area ▪️ large courtyard 💡 strong development opportunity: the property can be restructured and subdivided into up to 8 apartments. by separating the building permit and adding apartments on the third floor, the annual return could be raised — by estimate — to approximately 80 thousand per year (not including income from the shops and annexes). 📈 income indicator: one of the apartments was rented last year for 17 thousand per year. ⚙️ additional features: ✔️ 7 electricity meters ✔️ 5 water meters ✔️ double exterior walls ✔️ central gas tank ✔️ independent water tanks 📍 close to: king abdulaziz road and al-maniyah park road ✅ suitable for: - real estate investment - development and rehabilitation - residential leasing - multi-apartment project
Al Wurud, Al Mithnab