Building for Sale in Medina Ar Rawabi

property for sale - listing number: s-0210 exceptional opportunity to own a residential building in a prime location in al-rawabi neighborhood, on a corner lot, with excellent specifications and spacious areas. property details: land area: 800 m² built areas: ground floor: 414 m² first floor: 430 m² annex: 215 m² (unbuilt) service area: 26 m² total built area: 1,085 m² property components: ground floor: two apartments first floor: two apartments all apartments are currently rented each apartment consists of 4 to 5 rooms with spacious areas and comfortable design that meets family needs large living rooms, spacious rooms, and functional kitchens income: current income: 80,000 riyals annually can be increased to approximately 100,000 riyals annually after minor maintenance possibility to vacate the entire property within one month (according to buyer's preference) additional features: two independent entrances: private entrance for all apartments independent entrance for one ground floor apartment (suitable as private residence with independent courtyard) elevator is prepared but not installed property age: 10 years price: sale value: 1,850,000 riyals price is negotiable investment return: current return: approximately 4.3% annually expected return after property improvement: up to approximately 5.4% annually legal status: property is mortgaged with a commercial bank mortgage will be released within 48 hours