🔴 golden investment opportunity: income-generating residential building in a strategic location in jeddah 🔴 📍 location: al-fayha district (a prime location behind the commercial street). a vital point very close to king abdulaziz university and dar al-hekma university, surrounded by a fully integrated network of facilities and services (hospitals, schools, and central markets). 📏 technical property specifications: land area: 875 m² total built-up area: 1,957.7 m² frontage: located on a wide street with a width of 20 meters (west-facing) building condition: very good and fully serviced (property age: 21 years) 🏢 residential unit details (total: 13 apartments): ground floor: 4 apartments (2 apartments consisting of 3 rooms, and 2 apartments consisting of 4 rooms) first floor: 4 apartments (all consisting of 4 rooms) second floor: 4 apartments (all consisting of 4 rooms) upper annex: 1 apartment (consisting of 4 rooms) additional facilities: a separate rooftop room 💵 financial overview: current annual income: 312,000 sar (developable income) (building is fully rented) asking price: 6,100,000 sar (reasonably negotiable) 📈 this property is suitable for: 🟢 investors (for added value): high potential to develop and upgrade the building's 13 units to increase current annual income and multiply investment returns. 🟢 student housing & medical staff investors: very high and continuous rental demand throughout the year, due to its close proximity to surrounding universities and hospitals. 🟢 real estate developers: spacious land area (875 m²) with a strategic advantage behind the commercial street. 🟢 family portfolio & endowment owners: a solid real estate asset generating immediate income in a fully infrastructure-complete and vibrant district. 🟢 investment funds & real estate companies: a ready operational asset connecting jeddah's most important main roads, providing an immediate return.

income-generating property with an annual return of 440,000 riyals. for contact ((number appears when pressing call)) (advertisement under development)