A 27-Room Apartment Complex For Sale In Nong Kom Ko, Nong Khai, Thailand

Investors seeking an attractive return on investment (ROI) of approximately 6.4% Net or 7.48% Gross are encouraged to consider this 27-room Apartment Complex, particularly appealing to parents of students attending the nearby Khon Kaen University. Presented as a 'Walk-in, Walk-out' venture, the property boasts a robust monthly income, making it an ideal opportunity for investors or a couple looking to owner-manage the complex. The seller, an individual rather than a Thai company, does hold a manageable mortgage with the bank, offering a smooth resolution upon final settlement and acquisition. Apartment Complex Overview: The lower level features undercover parking for seven vehicles and multiple motorcycles, along with three coin-operated washing machines. Access to the main building is facilitated by steps leading to the ground floor, where a room on the right serves as quarters for managers and caretakers, equipped with a private bathroom. On the left is a spacious air-conditioned rental bedroom. Convenient storage under the stairwell is accessible for cleaning supplies. The complex is equipped with eight CCTVs for enhanced security. Accommodations on the 2nd and 3rd floors are accessed via staircases and spacious hallways. The building is equipped with 3-phase power and a professional breaker panel on the 2nd level. Safety measures include a fire extinguisher on each floor. The complex comprises 26 rooms, with monthly rates of 4,000 THB for 5 rooms and 3,500 THB for 21 rooms. Each room is a 1-bedroom, 1-bathroom unit with hot water. Amenities include TVs, balconies, small kitchen extensions, personal sinks, and WIFI on each floor. Air-conditioning is provided in 24 rooms, while 3 rooms feature fans. Modest yet practical furnishings are included. Tenants cover their own personal monthly electricity and water expenses. Tenant Category and Financial Stability: The tenant category is excellent, with parents generally paying in advance to secure rooms even during school breaks or extended holidays. This practice ensures room retention without the risk of losing it to other applicants. Unique Selling Points: This is the first time the Apartment Complex has been listed for sale. The owner's decision to relocate to another province presents a unique opportunity to acquire the property at a very affordable price. The complex's reputation, coupled with limited advertising, invites tenants by way of positive 'word of mouth' referrals. Exclusive Broker Representation: As the exclusive broker for this property, we invite serious buyers to contact us for an appointment to view and discuss. Please reach out to Duean at +66943738998 (LINE ID: kcde041110) for English and Thai inquiries or, for English-speaking clients, Ernie at +66851798729. Alternatively, contact us via this page. Professional Opinion: This represents an excellent opportunity to invest in a profitable and welcoming Apartment Complex catering to long-term students or short-stay guests at very affordable pricing. With the Nong Khai population on the rise, the demand for lower-end accommodation, especially among students, is growing. We anticipate genuine interest in this complex; contact us promptly to avoid missing out on this compelling investment opportunity.