Rare location!! Land for sale with apartments, size 357.7 square wah (1,430.8 square meters), consisting of 3 buildings, with a parking lot on the side near Makro Charansanitwong and the MRT line. Special price

Rare Location!! Land for sale with apartments, size 357.7 square wah (1,430.8 square meters), consisting of 3 buildings, with a parking lot on the side near Makro Charansanitwong and the MRT line. Special price!!

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Land for sale with apartments, size 357.7 square wah, consisting of 3 buildings, with a parking lot on the side near Makro Charansanitwong and the MRT line. Special price!!

Address: Soi Charansanitwong 37, Amnuayphon 4, Bang Khun Si Subdistrict, Bangkok Noi District, Bangkok 10700

Details:

Land with 3 apartment buildings, totaling 65 rooms, with a total usable area of approximately 2,200 sqm.
Parking lot for rent, accommodating about 26 cars.
Total area of 357.7 square wah.
Great location, only 600 meters from Charansanitwong Road.
Walking distance to Makro Charan, only 700 meters.
Close to Bang Khun Si Market, only 800 meters.
Near MRT Fai Chai and MRT Bang Khun Non stations, just 1 kilometer away.
Near Foodland Charansanitwong.
The land value in this area, if not too deep in the alley, is about 120,000 - 150,000 baht per square wah.
Return Details: Revenue:

Room sizes 20-25 sqm (3 large rooms of 40 sqm each).
Rental rates from 3,600 – 4,200 baht (average 4,000 baht per room across the buildings).
Rental income from rooms is 260,000 baht.
Income from parking rent, totaling 26 cars, is approximately 31,200 baht.
Electricity charge of 6 baht per unit, water charge of 16 baht per unit.
Profit from water and electricity is about 10,000 baht per month (after expenses). Total income is approximately 301,200 baht.
Estimated Expenses:

Housekeeping costs 12,000 baht.
Night guard costs 12,000 baht.
Miscellaneous expenses approximately 10,000 baht. Total profit is approximately 267,200 baht.
Additional Revenue Opportunities:

The parking lot can be converted to add more apartments.
Great location, offering a good investment value, better than bank deposits.
If considering total returns, compared to general apartment returns, it may seem low, but this building benefits significantly from the vacant land which can be further utilized.
Safe investment, though the return may not be high, considering the land value and construction costs, this price is very reasonable.
Special reduced price from 73 million baht to just 68 million baht.

For more information, contact: Khun Tai at 087-907-9524 Line ID = @thpropertyinvestor (with @ in front) ThaiPropertyInvestor Co.,Ltd