For Sale: Fully Rented Building in Jurf, Ajman – 19 Apartments, 3 Shops, High Rental Yield – AED 8.5 Million (Negotiable)
Description:This well-maintained building in the highly sought-after Jurf area, Ajman offers a strong rental income with a mix of 1-bedroom and 2-bedroom apartments as well as 3 retail shops. With a total built-up area of 600 sq. m. , the building is fully rented and provides an excellent investment opportunity for those looking for stable returns.
Building Details:
Key Features:
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Building Details:
- Area: 600 sq. m.
- Floors: Ground + 4 Floors
- Apartments:
- 19 One-Bedroom Apartments
- 8 Two-Bedroom Apartments
- 4 Apartments with 1 Bathroom
- Remaining Apartments with 2 Bathrooms
- Shops: 3 Retail Shops
- Current Rental Income: AED 670,000 per year
- Potential Increased Rental Income: AED 715,000 per year (after a 45,000 increase within the next 2 months)
- Price: AED 8.5 Million (Negotiable)
- Year of Completion: 2014
Key Features:
- Fully Rented: The building is fully rented, ensuring a steady cash flow with minimal vacancies.
- Excellent Rental Yield: The current income of AED 670,000 can be increased to AED 715,000 within the next 2 months, providing high returns on investment.
- Versatile Layout: The building comprises a mix of 1-bedroom and 2-bedroom apartments, offering options for different tenant types.
- Retail Income: The addition of 3 retail shops adds extra revenue to the overall rental income.
- Strategic Location: Located in Jurf, a growing area of Ajman, offering easy access to main roads, transport, and amenities.
- Fully Maintained: The building is in good condition with well-maintained apartments and common areas.
Contact us today for more information or to schedule a viewing!
Property Information
- TypeResidential Building
- PurposeFor Sale
- Reference no.Bayut - 101824-iw3dAQ
- CompletionReady
- Average Rent
- Added on11 November 2024
