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Investment Property with Strong Rental Returns in Al Adamah District - Dwelleo | Dwelleo
Ref 1200003456
Investment Property with Strong Rental Returns in Al Adamah District
Al Adamah Dist., Dammam
Price
SAR550,000
1,692SARper m²
Property Description
For Sale: Prime Investment Property in Al-Adama District
Location: Near the main hospital projects – a highly strategic and vital area.
Property Size: 325 sqm, located on a 7-meter wide alleyway.
Layout: 2 separate floors, each with its own independent entrance and electricity meter.
Condition: Fully renovated with brand new maintenance done inside and out.
Rental Status: Fully leased to (HungerStation) delivery company under an official E-contract for 3 years (6 months passed).
Income & ROI: Net income of 5000 SAR monthly, totaling 60,000 SAR net annually for the owner (yielding an exceptional ~11% ROI).
Future Development: "Silent" boundary construction system is permitted, allowing for a new building of 4.5 floors with a maximum height of 19 meters.
Final Price: 550,000 SAR (Serious buyers only
