‎A distinctive investment opportunity - residential building for sale at a special price 🔥 ‎📍 Strategic Location ‎Al-Jawhara neighborhood - Al-Hawiyah - Taif on Khuzaymah Ibn Thabit Al-Sulami Street (an internal commercial street) ‎🏠 Property Specifications: * Building: Two floors and a annex * Apartments: 4 residential apartments * ⁠Each apartment has two entrances: a large living room, a dining room, a hall, a kitchen, a bedroom, and two bathrooms. * Shops: 4 commercial shops * Current Income: 50,000 SAR annually (apartments are fully rented) ‎💰 Price and Financial Features: ‎Price: 1,350,000 SAR, including the Real Estate Development Fund loan only ⭐ ‎✅ Price below market average - average price in the neighborhood is 3400 SAR per meter (the property is mortgaged to the Real Estate Development Fund) ‎Payment Methods: * Cash sale with immediate handover * Or transfer the Real Estate Development Fund loan to the buyer with cash payment ‎📈 Future Investment Opportunities: ‎After releasing the mortgage, the buyer can benefit from: 1. Converting the license from residential to residential-commercial, given the property's location on a busy internal commercial street. 2. Increasing commercial income: * Rent per shop: average 1,000 SAR per month = 12,000 SAR annually * 4 shops = an additional 48,000 SAR annually 1. Re-dividing the ground floor: * Converting the apartment behind the shops into two apartments * Rent for the ground floor apartment: 18,000 - 20,000 SAR annually * Or renting it as a whole floor: 30,000 SAR annually ‎Potential income after development: from 90 to 100 thousand SAR annually ‎🌟 Exceptional Location Features: ‎📚 Educational Facilities: * King Abdulaziz Secondary School for Boys * Abdul Rahman bin Auf Early Childhood School * Jawharat Al-Aqd National Kindergarten * School complexes for all stages (boys and girls) ‎🏥 Health Services: * Al-Jawhara Health Center ‎🏦 Banks and Financial Services: * Bank Albilad - Shihar Branch * Al Rajhi Bank * Saudi National Bank (SNB) ‎ Markets and Commercial Centers: * Al Jawhara Mall * Souq Al Shabab - the largest in Al-Hawiyah * The Park Mall * King Khalid Square ‎🍔 Restaurants and Cafes: * McDonald's * Funder Coffee * Various restaurants ‎🕌 Religious Facilities: * Al-Jawhara Mosque * Sharif Zeid Mosque ‎🏃 Recreational Facilities: * Al-Faisaliah Park * Al-Jawhara Stadium and Academy * Neighborhood Park ‎✨ Why is this property a golden opportunity? 1. ✅ Vibrant location in a distinguished plan with large spaces, multiple entrances on the airport road 2. ✅ Busy commercial street with multiple commercial activities 3. ✅ Stable income from current rents 4. ✅ Potential to develop and double income 5. ✅ Surrounded by all services (schools, health centers, banks, markets) 6. ✅ Competitive price below market price ‎📞 For contact and inquiries: 📞 (Mobile number appears when clicking the contact button) 📜 Val License: 1100313540