The MK Apartment building presents a significant investment opportunity in the heart of Vientiane. With 72 units spread across a substantial 3,807 square meter land area, this property offers ample space and potential for various uses. Situated in the bustling business district and adjacent to the diplomatic area, the building benefits from excellent visibility and accessibility. This prime location attracts a diverse range of tenants, including professionals, expatriates, and local residents.
The spacious car park ensures convenient parking for residents and visitors alike. The building’s age and condition will influence its overall value and potential return on investment. A thorough inspection by a qualified property assessor is recommended to assess the property’s structural integrity, maintenance needs, and potential renovation costs.
The asking price of USD 1,400,000 reflects the property’s size, location, and potential income-generating capacity. However, it’s essential to consider factors such as occupancy rates, rental income, and operating expenses to determine the property’s true value.
Potential buyers may explore various investment strategies, including long-term rental income, short-term rentals, or property redevelopment. Long-term rentals can provide stable income streams, while short-term rentals can offer higher returns but require more management and maintenance. Redevelopment, such as adding floors or converting the building into a commercial space, could significantly increase the property’s value.
It’s crucial to conduct thorough due diligence, including legal checks, financial analysis, and market research, before making any investment decisions. Consulting with real estate professionals experienced in the Vientiane market can provide valuable insights and guidance.
The MK Apartment building offers an exciting opportunity for investors seeking a profitable venture in a prime location. By carefully considering the property’s condition, potential uses, and market dynamics, investors can maximize their returns and secure a valuable asset in the heart of Vientiane.
In neighborhood of:
It is located in thongphanthong the zone where fast development between diplomatic area and Thatluang Special Economic Zone and close to several public facilities and international school.
- Less than 10 min drive to VIS (Vientiane International School), PIS (Panyathip International School) and KIS (Kiettisack International School).
- Donkoi Green market and Thongpanthong local fresh market where you can shop for vegetable, fruits locally
- Sengdara Fitness Center and Lao ITECC Shopping Mall.
- 103 Military Hospital and Kasemrad International Hospital.
- Thatluang Marsh Economic Zone and Thatluang Lake.
- Less than 10mn drive to VIS (Vientiane International School), PIS (Panyathip International Shool), KIS (Kiettisack International School).
- Banks branch or ATM: BCEL, BFL Bank, ST Bank, LDB Bank, Phongsavanh Bank and etc.
- Minimart, local minimart or local supermarket such as: J-Mart community mall, Mini Big C and etc.
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