Apartment Building in Al Faisaliyah (5) – 594 m² – Multi-Unit

Apartment building for sale in Al Faisaliyah (5), strategically located between Tahlia Street and Prince Majed Road on a 15m northern street. Personally built by the owner and suitable for investment or mixed personal use.

Property Overview

• Land area: 594 m²
• Street: Northern 15m street
• Location: Between Tahlia Street and Prince Majed Road
• Construction type: Personal construction

Ground Floor

• Two apartments
• Each apartment consists of 5 rooms, living hall, and 3 bathrooms

Current Rental Income:

• Apartment 1: SAR 27,000 annually
• Apartment 2: SAR 29,000 annually

Second Floor

• Two apartments
• Each apartment consists of 5 rooms, living hall, and 3 bathrooms
• Larger majlis areas compared to the ground floor

Current Rental Income:

• SAR 32,000 annually per apartment

Third Floor

• Apartment: 3 rooms and 2 bathrooms
• Part of villa includes large majlis, spacious hall, kitchen, 2 rooms, and bathroom

Current Rental Income:

• Apartment rental: SAR 22,000 annually

Fourth Floor

• Villa extension includes 2 master bedrooms, 2 bedrooms with shared bathroom, 2 living halls, and part of the rooftop
• Independent apartment with 3 rooms, kitchen, and bathroom

Owner Usage:

• The villa section and independent apartment on the fourth floor are currently owner-occupied and not rented

Investment Details

• Current annual rental income: SAR 142,000
• Asking price: SAR 4,100,000
• Price is negotiable within reason