Condormitel, University Home UST, Sampaloc, Manila City (Pasalo, Assume Balance)
Condo Near UST Manila, Fully-furnished
Project: University Home near UST, Manila (walking distance)
Unit Details: 34th Floor, 22.51 sqm
Payable to Owner: Php 493,010.80 (Cash or Short-term Installment)
Assume Balance (Downpayment): Php 50,000 (Payable to Developer)
Assume Balance (Loanable Amount): Php 2,610,740.03 (Bank Loan / Pag-Ibig Financing / Cash)
Transfer Fee: Php 60,000 (c/o Buyer)
Other Charges: Php 204,841 (c/o Buyer)
Status: For a bank loan application, 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 in 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.