Investment Building for Sale in Al Dar Al Baida

B-Found Real Estate is pleased to offer for sale a prominent residential building located in Al Dar Al Baida district. This property is an excellent choice for investors seeking a stable and guaranteed income in a high-demand area. The building spans a total area of 1,200 square meters and features a prime frontage on a 30-meter wide western street. Investment Highlights & Financials: Annual Income: 750,000 SAR. Annual Yield: 9.4%. Property Age: 18 years, fully renovated to ensure operational efficiency. Lease Status: Fully leased to a company under a 5-year contract that commenced on January 15, 2025. The contract includes a 3-year mandatory period for both parties, ensuring long-term investment security. Building Specifications: The building comprises 17 residential apartments. Each unit features 4 rooms, a spacious lounge, a kitchen, and two bathrooms. The facility is fully equipped with safety and security infrastructure, including a certified civil defense system, emergency exits, and a comprehensive CCTV surveillance system. Location: Strategically located, the property is just 1 kilometer away from the metro station, enhancing its accessibility and long-term market value. Listing ID: 1929 Asking Price: 8,000,000 SAR.