Investment & Residential Villa for Sale in Al-Khaleej, 440 SQM | Ground Floor + 2 Leased Apartments + Roof Expansion Permit - Dwelleo | Dwelleo
Investment & Residential Villa for Sale in Al-Khaleej, 440 SQM | Ground Floor + 2 Leased Apartments + Roof Expansion Permit
Al Khaleej Dist., Riyadh
Price
SAR2,550,000
New Listing
Property Description
Be Found Real Estate Company is pleased to present an exceptional residential and investment property for sale (Offer No. 2227). Located in the highly accessible Al-Khaleej district, in close proximity to Sheikh Jaber Road, this villa offers a perfect blend of comfortable living and steady rental income.
Property Specifications:
Land Area: 440 SQM.
Frontage: North-facing, situated on a 15-meter-wide street.
Property Age: 15 years old, fully renovated three years ago with premium stone exterior accents.
Mortgage: Existing mortgage of 821,000 SAR.
Current Bid: 2,550,000 SAR.
Layout and Features:
The property comprises a spacious ground floor and two independent apartments, making it an excellent opportunity for both homeowners and investors.
Ground Floor (Owner’s Residence): Includes 3 bedrooms, a family living room, a kitchen, two bathrooms, a formal Majlis, a dining room (Maqlat), an additional guest bathroom, and a newly constructed outdoor "Mashab" (traditional seating area).
Investment Apartments:
Apartment 1: Features 4 rooms, a living room, a kitchen, and two bathrooms (Currently tenanted).
Apartment 2: Features 3 rooms, a living room, a kitchen, and two bathrooms (Currently tenanted).
Additional Potential: A formal building permit has already been secured for an additional apartment on the roof, providing a significant opportunity for future expansion and increased rental yield.
Current Assessment: Overpriced This property is priced significantly above market. Seller anchoring or high days-on-market risk — consider avoiding or negotiating strongly.