Building for Sale in Jeddah As Safaa

🏢 outstanding investment opportunity | building for sale in jeddah – al-safa 5 district ✨ a residential building in a strategic location with an annual income of approximately sar 170,000, fully renovated at a cost exceeding sar 400,000. 📍 location: al-safa 5 district – behind the civil affairs office, with a direct view of a large park and a congregational mosque. 🏗️ property details: ▪️ land area: 400 m² ▪️ two frontages on two streets (south 12 m + east 12 m) ▪️ 3 floors comprising 6 residential apartments ▪️ two apartments: 3 bedrooms + living room + 2 bathrooms ▪️ four apartments: 4 bedrooms + living room + 2 bathrooms ▪️ property age: approximately 30 years ⭐ features that increase investment value: ▪️ comprehensive renovation costing over sar 400,000, supervised by a consulting engineering office ▪️ renewed electrical, plumbing, and ceramic work ▪️ new external italian elevator serving one apartment ▪️ separate electricity meters for all apartments and services ▪️ surveillance cameras, central satellite dish, and fiber-optic infrastructure ▪️ rainwater drainage system and underground tank waterproofing with a 10-year warranty 💰 annual income: approximately sar 170,000 through electronic contracts 💵 asking price: sar 3,500,000 net to the owner, with no brokerage commission or tax 📈 approximate gross rental yield: 4.86% annually ✅ the buyer is entitled to carry out an engineering inspection after agreement is reached and the deposit is paid.