Barangay 574
· 250 m² · 2 Bedrooms · 2 Baths · House
· Terrace
Barangay 574 · 250 m² · 2 Bedrooms · 2 Baths · House · Terrace
FOR SALE: INCOME-GENERATING HOUSE AND PROPERTY IN FRONT OF UST HOSPITAL, MANILAAsking Price: ₱18,500,000 GrossLooking for an income-generating property in a prime location? This property at1073 Carola Street, Manila, directly in front of UST Hospital, presents an excellent opportunity for investors seeking an established rental property with existing tenants and a reported monthly income of₱120,000.With its strategic location near the University of Santo Tomas (UST), the property is ideally positioned to serve students, medical professionals, hospital staff, and other individuals looking for accessible accommodation near major educational and medical institutions.PROPERTY DETAILSProperty Type:Income-Generating House and PropertyLocation:1073 Carola Street, in front of UST Hospital, ManilaLot Area:150 sqmParking:2 parking spaces inside and 2 parking spaces outsideGround Floor:2 large roomsSecond Floor:9 roomsBathrooms:4 common bathroomsCurrent Status:Occupied by tenantsReported Monthly Rental Income:₱120,000Annualized Gross Rental Income:₱1,440,000Title:Clean title, ready for transfer, subject to verificationFlood Status:Reported to be in a flood-free areaReason for Selling:Owner is migrating to another countryAsking Price:₱18.5 million grossINVESTMENT HIGHLIGHTS1. Existing Rental IncomeThe property reportedly generates ₱120,000 per month from existing tenants, equivalent to ₱1.44 million annually before expenses. This makes it an attractive option for buyers looking for a property with an established rental operation rather than starting from scratch.2. Prime Location Near UST HospitalSituated directly in front of UST Hospital, the property benefits from its proximity to a major medical institution and the surrounding university community. Its location may appeal to tenants seeking convenient access to hospitals, schools, commercial establishments, and public transportation.3. Multiple Rooms for Rental PotentialWith 2 large rooms on the ground floor and 9 rooms on the second floor, the property offers multiple accommodation spaces that may suit a room-rental or boarding-house business, subject to the property's approved use and applicable regulations.4. Convenient Parking SpacesThe property has 2 parking spaces inside and 2 outside, providing additional convenience for occupants and visitors, subject to the legal and actual availability of the outside spaces.5. Clean Title and Owner's Reason for SellingThe owner is selling due to plans to migrate abroad. The property is being offered with a reported clean title and is described as ready for transfer, subject to the buyer's due diligence and verification of the title and transfer requirements.NEARBY ESTABLISHMENTSUniversity of Santo Tomas (UST)– a major university attracting students, faculty, and university personnel.UST Hospital– directly in front of the property, providing convenient access to medical services and healthcare facilities.Espana Boulevard– a major thoroughfare connecting the university district to other parts of Manila.Dapitan Street and surrounding commercial areas– access to restaurants, convenience stores, food establishments, and everyday services.Lacson Avenue– a key road providing access to hospitals, commercial establishments, and nearby neighborhoods.Manila City commercial districts– accessible to various retail establishments, public services, and transportation routes.WHY CONSIDER THIS INVESTMENT?This property combines an established rental operation, multiple rooms, parking facilities, and a strategic location near a major hospital and university. It may be suitable for investors looking to acquire a rental property with existing occupants and potential for continued income.Asking Price: ₱18,500,000 GrossInterested buyers are encouraged to schedule a property viewing and verify the current rental agreements, actual rental collections, operating expenses, title documents, and applicable property-use requirements before proceeding.Contact us today for more information or to arrange a viewing of this income-generating property in Manila.
FOR SALE: INCOME-GENERATING HOUSE AND PROPERTY IN FRONT OF UST HOSPITAL, MANILAAsking Price: ₱18,500,000 GrossLooking for an income-generating property in a prime location? This property at1073 Carola Street, Manila, directly in front of UST Hospital, presents an excellent opportunity for investors seeking an established rental property with existing tenants and a reported monthly income of₱120,000.With its strategic location near the University of Santo Tomas (UST), the property is ideally positioned to serve students, medical professionals, hospital staff, and other individuals looking for accessible accommodation near major educational and medical institutions.PROPERTY DETAILSProperty Type:Income-Generating House and PropertyLocation:1073 Carola Street, in front of UST Hospital, ManilaLot Area:150 sqmParking:2 parking spaces inside and 2 parking spaces outsideGround Floor:2 large roomsSecond Floor:9 roomsBathrooms:4 common bathroomsCurrent Status:Occupied by tenantsReported Monthly Rental Income:₱120,000Annualized Gross Rental Income:₱1,440,000Title:Clean title, ready for transfer, subject to verificationFlood Status:Reported to be in a flood-free areaReason for Selling:Owner is migrating to another countryAsking Price:₱18.5 million grossINVESTMENT HIGHLIGHTS1. Existing Rental IncomeThe property reportedly generates ₱120,000 per month from existing tenants, equivalent to ₱1.44 million annually before expenses. This makes it an attractive option for buyers looking for a property with an established rental operation rather than starting from scratch.2. Prime Location Near UST HospitalSituated directly in front of UST Hospital, the property benefits from its proximity to a major medical institution and the surrounding university community. Its location may appeal to tenants seeking convenient access to hospitals, schools, commercial establishments, and public transportation.3. Multiple Rooms for Rental PotentialWith 2 large rooms on the ground floor and 9 rooms on the second floor, the property offers multiple accommodation spaces that may suit a room-rental or boarding-house business, subject to the property's approved use and applicable regulations.4. Convenient Parking SpacesThe property has 2 parking spaces inside and 2 outside, providing additional convenience for occupants and visitors, subject to the legal and actual availability of the outside spaces.5. Clean Title and Owner's Reason for SellingThe owner is selling due to plans to migrate abroad. The property is being offered with a reported clean title and is described as ready for transfer, subject to the buyer's due diligence and verification of the title and transfer requirements.NEARBY ESTABLISHMENTSUniversity of Santo Tomas (UST)– a major university attracting students, faculty, and university personnel.UST Hospital– directly in front of the property, providing convenient access to medical services and healthcare facilities.Espana Boulevard– a major thoroughfare connecting the university district to other parts of Manila.Dapitan Street and surrounding commercial areas– access to restaurants, convenience stores, food establishments, and everyday services.Lacson Avenue– a key road providing access to hospitals, commercial establishments, and nearby neighborhoods.Manila City commercial districts– accessible to various retail establishments, public services, and transportation routes.WHY CONSIDER THIS INVESTMENT?This property combines an established rental operation, multiple rooms, parking facilities, and a strategic location near a major hospital and university. It may be suitable for investors looking to acquire a rental property with existing occupants and potential for continued income.Asking Price: ₱18,500,000 GrossInterested buyers are encouraged to schedule a property viewing and verify the current rental agreements, actual rental collections, operating expenses, title documents, and applicable property-use requirements before proceeding.Contact us today for more information or to arrange a viewing of this income-generating property in Manila.