2 Bedroom Apartment for Sale in Al Malqa Dist., Riyadh

A prime investment opportunity to own an apartment in Al Malqa, offering a practical layout and modern features. The apartment is currently rented for SAR 70,000 annually, making it suitable for both residential use and investment. Property Details Property Type: Apartment for Sale District: Al Malqa Street: 30 m Facing: East Area: 143.37 SQM Price: SAR 1,280,000 including the mortgage Mortgage Amount: SAR 999,000 Property Age: 4 Years Listing No.: 1931 Apartment Layout 2 Bedrooms. 2 Bathrooms. Majlis. Living room. Lightwell connected to the kitchen. Fully installed kitchen. Central air conditioning in the Majlis and living room. Electronic apartment access supporting fingerprint, PIN, card, and key. 1 external parking space. Investment Features Currently rented for SAR 70,000 annually. A Mobily telecommunications tower is located on top of the building, with the annual rental income distributed among the apartments, providing approximately SAR 2,300 per apartment annually. A Zain telecommunications tower is also planned/under legal processing, with its documents currently with the court. Building security cameras are planned to be installed soon. Building access will be controlled using a PIN code. Suitable for investment with an existing rental income stream.