For Sale | Residential Investment Building

for sale residential investment building located in al nuaimiya 1 ajman in a highly strategic location very close to senara roundabout one of the most known landmarks in the city the building is situated in a lively area surrounded by all essential services such as schools markets hospitals and public transportation making it a perfect option for investors looking for steady and reliable income the building has a permit for ground plus first floor only which helps in reducing future construction costs if redevelopment is considered the plot size is 3600 square feet which is well suited to accommodate several residential units the building consists of a total of 6 residential units including 2 apartments with 2 bedrooms and hall 3 apartments with 1 bedroom and hall and 1 studio the current annual income from the property is 150000 aed and there is ongoing work to renew some of the old contracts which is expected to increase the total income significantly the asking price for the property is 1750000 aed which is considered very competitive when comparing the location land size number of units and current income al nuaimiya 1 is one of the most in demand residential and investment areas in ajman due to its central location and ease of access to main roads government offices and shopping centers the building is ideal for investors looking for passive rental income or those interested in long term property appreciation with the possibility of future redevelopment do not miss this rare opportunity to own a residential income generating property in the heart of ajman contact us now for more details or to schedule a site visit and explore the full potential of this investment

Property details

Property Type

Whole Building

Property Size

3,600 sqft / 334 sqm

Bedrooms

Bathrooms