Condo Near UST Manila, Fully-furnished
Project: University Home near UST, Manila (walking distance)
Total Price: Php 3,170,600 (Pasalo, below market value. Current value is 5.1 M)
Payable to Owner: Php 800,000
Assume Balance: Php 2,370,600 (Installment via Bank Financing OR cash payment to the Developer)
Transfer Fee: c/o Seller
Status: Turn over this year of 2021
University Home is offering Condormitel units near UST, Manila.
Condormitel = Condo + Dormitory + Hotel
- Condo unit – with CCT (title) as proof of 100% and lifetime ownership
- Dormitory leasing – with bed space leasing
- Hotel concept and amenities – all units are fully-furnished
Each Condormitel unit has a 4-bed rental capacity, with a projected rental income of Php 6,500 per bed. That is Php 26,000 monthly / Php 272,490 yearly.
With FREE: Aircon, LED TV, 4 beds, 4 working tables, pantry with exhaust fan, cabinet, blinds, PABX telephone system, provision for wi-fi, bathroom fixtures, water heater, floor tiles.
It is located just across UST (The University of Sto. Tomas). There’s a great number of student populations in the area. All universities with dense populations are within the vicinity such as UST, CEU, FEU, PUP, etc.
University Home is a hassle-free business because it has a Property Manager. Just enroll your unit to the Condormitel program and let the Property Manager look for tenants and manage the entire leasing operation.
Furthermore, this type of investment will let you earn whether your unit is leased or not. This is because the University Home has a rental pooling wherein income is pooled together and divided to all unit owners.