Tuesday, March 30, 2010
For Sale Update
So far there has been a few viewings from some very interested buyers (and some not serious ones...). The highest offer I got is RM300,000. If you are willing to offer slightly higher, I will sell it to you.
I think it is a great property. It is tenanted for RM1800/month on 2 years contract expiring 31st December 2012. Upon transfer, I will pay you the rent deposit, which is RM4500 and you will be collecting rent monthly - with positive cash flow after costs.
At the end of this tenancy, you can easily raise the rent to RM2000/month because:
1. of high demand for studios/1br units for rent RM2000/month or below
2. limited number of studios/1br units in city center within RM2000/month price range
3. all new developments in city center cost their studios/1br units RM500k and up (meaning they have to rent above RM3000/month)