Investment Building for Sale – Prime Location with Established Rental Income

Investment Building for Sale – Prime Location with Established Rental Income An outstanding investment opportunity to own a fully operational income-generating residential building in Al Salam District, ideally located opposite AlBaik Restaurant and just minutes from the Holy Mosque. Positioned on a northeast corner, this property offers excellent accessibility and strong long-term investment potential. Property Details * Location: Al Salam District * Land Area: 572 sqm * Northeast Corner * East-facing street (14 m wide) * Two floors plus a penthouse annex * Private elevator * Private garage for two vehicles Building Layout * Originally designed for 5 apartments * 4 apartments are currently divided into 8 fully functional apartments * Each apartment includes: * 2 Bedrooms * Living Room * Kitchen * Can easily be restored to the original layout by reopening connecting doors Penthouse Annex * 6 Rooms * 5 Bathrooms * Living Room * Kitchen * Maid’s Room * Separate entrance Total Property Features * 22 Rooms * 9 Living Rooms * 13 Bathrooms * 9 Kitchens Investment Highlights * All apartments are fully furnished and currently leased as furnished units * Existing furniture is older, providing an opportunity to increase rental value through refurbishment * Current net annual income (excluding the annex): Approximately SAR 130,000 * Strong potential to increase returns with property upgrades and improved management Additional Information * Property age: 10 years * Water and sewer infrastructure are available within the development, with connection ready when required A Rare Investment Opportunity This property combines a strategic location, established rental income, and excellent value-add potential, making it an ideal choice for investors seeking stable cash flow and long-term capital appreciation in one of Al Madinah’s most desirable locations.