Building for Sale in Al Mithnab Al Wurud

🔥sale to highest bidder 🔹 investment real estate opportunity in al-mudhnab - al-wurud district 📍 strong location on 3 frontages (south / east / north) one of them is a 50m residential/commercial street suitable opportunity for investors or real estate dealers looking for a developable asset with potential for increased returns. 🏢 property details: ▪️ total area: 1,421 m² ▪️ 4 deeds (3 free + 1 mortgaged deed ~174 thousand) ▪️ 2 commercial shops ▪️ 4 spacious apartments ▪️ 4 garages ▪️ annexes + fireplace ▪️ large courtyard 💡 strong development opportunity: the property can be reorganized and subdivided up to 8 apartments with separate building permits and adding apartments on the third floor, annual returns can be raised - according to estimates - to approximately 80 thousand annually (excluding income from shops and annexes). 📈 income indicator: one of the apartments was rented last year for 17 thousand annually. ⚙️ additional features: ✔️ 7 electricity meters ✔️ 5 water meters ✔️ double exterior walls ✔️ central gas tank ✔️ independent tanks 📍 location close to: king abdulaziz road and al-manayia park road ✅ suitable for: - real estate investment - development and rehabilitation - residential rental - multi-apartment project