Saturday, February 26, 2011

SPOTTED!





SPOTTED! Website: Mudah.my
Area: Wangsa Maju
Name: Menara Alpha Condo,
Price: RM258,000
Type: Apartment
Tenure: Leasehold (99 Years)
Bedrooms: 2
Bathrooms: 1
Size: 986 sq.ft.
Contact: Ab (010-2763050)

Investments. I mean INVESTMENTS.
 
Alright, guessed you heard that. From the pictures of the kitchen and bedroom, it isn't exactly that bad. No matter what, it is not a bad investment to purchase a partially furnished property with all basic banking, shopping and LRT station nearby. Currently tenanted to working females and students, owner claimed that a RM260K loan can be obtained from the bank. Believe it or not! That's the property market nowadays for an apartment. 

And probably you'll met the companion of your life when the contract to the female tenants is extended. 
*Cheeky Grin*

Price: FOOH!  
Furnishings: FOOH! 
Rental Potential: Double FOOH! 
Location: Double FOOH!
 
A second 6 FOOH!s property in 2 days. Imagine that!

PropertyFella's Verdict:
2 bedrooms tend to be a bit troublesome, as with that property size, 3 bedrooms would be nice, potential to collect a higher overall rent as well. Probably there might be rooms shared between the tenants, a base rental not less than RM800 would be adequate for the location. But anyway, this confirms a larger kitchen and living room as well, not exactly that LARGE compared to other properties, but it's considered good for an apartment of that size. Try getting the price reduced to RM245K, we'll have a better annual return. Well, not a bad property investment huh?




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