Villa for Sale in Riyadh Dirab

🏡 outstanding investment opportunity | villa for sale in al fawwaz district – riyadh fully leased property generating annual income from the first day of ownership, in a prime location with comprehensive renovation. 💰 asking price: sar 1,000,000 💵 annual rental income: sar 51,000 📈 gross rental yield: 5.1% annually ✨ why is this villa an investment opportunity? ✅ existing rental income from both floors, with no need to search for tenants at present. ✅ prime location adjacent to al fawwaz first mosque, with daily services available near the property. ✅ comprehensive renovation completed 3 years ago, including flooring, ceilings, and gypsum work, which enhances the property's appeal. ✅ potential to develop the property in the future and make use of the roof by adding a residential unit, subject to meeting regulatory and structural requirements. 🏠 villa specifications * area: 312.5 m² * frontage: north-facing * street: 12 meters * ground floor and upper floor * 6 rooms according to registered data * building age: 18 years * comprehensive renovation 3 years ago 🏦 sale and financing details the property is currently mortgaged with riyad bank, and the mortgage will be handled as part of the formal sale and title transfer procedures. • declared mortgage amount: sar 418,000 • remaining sale proceeds to the owner: sar 582,000 • total asking price: sar 1,000,000 amounts are based on the declared balance and are subject to confirmation upon completion of the sale. 📍 a property that combines location, existing rental income, and future potential. al hamad real estate company for inquiries and to arrange a viewing, we would be happy to hear from you.