Brand-New Residential Building for Sale in Al Yarmouk, Riyadh

Be Found Real Estate is pleased to present an exclusive opportunity to purchase a brand-new residential building strategically located in the Al Yarmouk district, Riyadh. This property is an ideal choice for investors seeking a stable income and a high return on investment. Property Details: Location: Al Yarmouk District, Riyadh. Land Area: 756 square meters. Street Access: Situated on a 30-meter wide street (West-facing). Property Age: Brand new. Legal Status: The property is unencumbered (free of mortgages) and ready for immediate transfer. Investment Highlights: Annual Income: 1,450,000 SAR. Return on Investment (ROI): 12% per annum, positioning this as one of the premier investment opportunities in the area. Occupancy: Fully leased with 30 residential units, all under electronic contracts verified through the "Ejar" platform. Property Description and Layout: The building boasts a prime location directly opposite a mosque and a park, enhancing its appeal for residents. It consists of 30 residential units with diverse layouts: 4 units consisting of a bedroom, bathroom, kitchen, and a private outdoor courtyard. 26 units consisting of a bedroom, living room, kitchen, and bathroom. Compliance and Warranties: The property is fully compliant with all legal and safety requirements to ensure a secure investment, including: Building Completion Certificate. Malath Insurance. Civil Defense Certificate. All construction and technical warranties are available. Asking Price: 12,000,000 SAR (current bid/Soom).