375 SQM Investment Villa for Sale in Tuwaiq - Ground Floor +2 Apartments - Dwelleo | Dwelleo
375 SQM Investment Villa for Sale in Tuwaiq - Ground Floor +2 Apartments
Tuwaiq Dist., Riyadh
Price
SAR1,650,000
New Listing
Property Description
BeFound Real Estate presents an outstanding residential and income-generating investment property in the Tuwaiq district. Featuring a spacious ground-floor residence alongside two tenanted upper apartments, this property is strategically located near major mega-projects and transit networks in Riyadh.
Property Specifications
Offer Ref: 1701
Property Type: Residential & Investment Villa (Ground Floor + 2 Apartments)
Location: Tuwaiq District, Riyadh
Plot Area: 375 sqm
Street / Orientation: 15m Western Street
Property Age: 10 Years
Mortgage Status: Mortgaged at SAR 833,000 (Included in total asking price)
Asking Price: SAR 1,650,000 (Includes Mortgage Payoff)
Income & Investment Details
The two upper apartments are currently tenanted, generating an ongoing monthly rental income of SAR 4,500 (approximately 7 months remaining on existing contracts), providing immediate returns for the buyer.
Property Layout & Composition
Ground Floor (Fully Furnished):
Reception & Hospitality: Formal Men’s Majlis, Dining Room (Miglad), and a Private Women’s Majlis.
Living & Bedrooms: Family living room, plus 3 Bedrooms (including 1 Master Bedroom).
Amenities: Kitchen and 4 Bathrooms.
Exterior: Large private courtyard/yard, dedicated car entrance, and an outdoor annex.
Second Floor (2 Apartments with Private Tenant Entrance):
Apartment 1: 2 Bedrooms (1 with ensuite bathroom & private balcony), living room featuring an open American-style kitchen, and an additional bathroom.
Apartment 2: 1 Bedroom, living room, kitchen, and bathroom.
Upper Level:
Spacious private rooftop area.
Location Highlights
Proximity to Landmark Projects: Minutes away from King Abdullah International Gardens, the Qiddiya Megaproject, and the Metro station network.
Convenience: Positioned near all primary amenities, retail, and public services catering to both end-users and tenants.
Current Assessment: Overpriced This property is priced significantly above market. Seller anchoring or high days-on-market risk — consider avoiding or negotiating strongly.