270 SQM building for Sale in Manfuhah Dist., Riyadh

A prime investment opportunity to own a fully renovated corner building in Manfuhah District, spanning 270 m² and located on two streets with 10m South and 10m West frontages. Despite being over 30 years old, the property has been fully renovated and consists of 12 residential apartments across 3 floors, all currently leased under electronic contracts, generating an annual income of SAR 186,500, with potential for an increase. Property Details Listing No.: 1434 Property Type: Building for Sale District: Manfuhah Land Area: 270 m² Street Frontages: 10m South and 10m West Price: SAR 2,000,000, inclusive of mortgage Mortgage: SAR 154,500 Property Age: Over 30 years, fully renovated Occupancy: Fully leased Annual Income: SAR 186,500, subject to increase Income Start Date: July 1, 2025 Building Details Fully renovated corner building Located near Al-Faryan Street and 20th Street 3 floors 12 residential apartments Each apartment consists of: 2 Bedrooms Living Room Kitchen Bathroom Investment Features All apartments are fully leased Electronic lease contracts All rental payments are scheduled within the same month Current annual income of SAR 186,500, with potential for increase