Residential Building for Sale in Al Olaya District, Riyadh City

Residential Building for Sale in Al Olaya District, Riyadh | Prime Location in the Heart of the City Own a distinguished residential building in one of Riyadh's most prestigious neighborhoods. Located on Ibn Al-Qaffal Street in Al Olaya District, this property enjoys an exceptional location close to Prince Sultan bin Abdulaziz Road (30th Street), Al Faisaliah Hotel, Olaya Main Road, and King Fahd Road, offering easy access to Riyadh's leading business centers, luxury hotels, shopping malls, schools, hospitals, and lifestyle destinations. Built on a 450 sqm plot with a north-facing frontage on a 12-meter-wide street, this well-maintained building provides spacious residential units and an ideal layout for families, while also offering excellent long-term value. Property Layout 4 residential apartments. Each apartment includes: 5 spacious bedrooms. Comfortable family living room. Fully equipped kitchen. 2 bathrooms. A separate private floor with an independent entrance. Dedicated driver's room. Recently Renovated The building has been comprehensively renovated to ensure comfort and quality, including: Brand-new split air-conditioning units. Renovated kitchens. Fully upgraded bathrooms. Premium Jotun interior paint. Excellent overall condition and ready for immediate occupancy. Existing Rental Income The property is currently leased under one rental contract generating SAR 250,000 annually, with 6 months remaining on the lease, allowing the new owner to benefit from immediate rental income. Prime Location Highlights Close to Al Faisaliah Hotel and Al Faisaliah Tower. Minutes from Olaya Main Road. Near Prince Sultan bin Abdulaziz Road (30th Street). Easy access to King Fahd Road. Close to Kingdom Centre, Panorama Mall, and Centria Mall. Surrounded by premium restaurants, cafés, hotels, shopping destinations, and major business hubs. Convenient access to schools, hospitals, banks, and essential services. Property Details Property Type: Residential Building. Land Area: 450 sqm. North-facing. 12-meter street frontage. Property Age: Over 10 years. Utilities: Water, Electricity, and Sewerage. Asking Price: SAR 4,800,000. Offered by Mithaq Al Jazeera Real Estate Development & Investment, specializing in buying, selling, leasing, and property management throughout Al Olaya and North Riyadh, with a premium portfolio of residential buildings, villas, and land opportunities.