01/03/2022
ORMOC FULLY OCCUPIED INCOME GENERATING BOARDING HOUSE & LOT FOR SALE (200 SQM)
Plan On Retiring Soon? Ormoc City is Growing By Leaps and Bounds
Start Investing On Boarding House Business (Good for 20 rooms!).
- You can add more rooms / structure at the back and front of the house to earn more!
- Less than 5 min going to the city proper
- Easy access to tricycle
- Fully occupied
- Water is abundant
- Complete with Solar LED Wall Light with Sensor (400LM / 3.2W)
- Boarding House is well maintained
- With Spacious Laundry Area
- Secured and away from squatter area
- With template of the contract for you to use for the next tenant
- With template for Notice of Eviction, Warning Notice, etc.
- With water dispenser (hulog2x piso)
- Mirrors, Cabinets, Double Decks, Electric Fan, Table and Chairs, etc
- Complete list of inventory
- Near to carenderia and bakeshop
- Quiet neighborhood
INCOME ANALYSIS: Boarding House VS Apartment For Rent
If Boarding House (Bedspace / Room)
- Dili ka ma zero kay maski 1 bedspace ang vacant still you are earning
- Sayon ug dali ma puno dayon kay pang masa man ang target market
- If kahibalo ka mo set ug house rules, your tenants will follow else subject for eviction
- If na-ay damages upon checkout, charge it to the tenant
- You can earn more if you add more rooms / bedspace
- Multi-tenant (boarding house) is better than single family house in terms of cashflow
If Apartment For Rent
- If ma vacant, dugay ma pulihan kay dili ka afford ug 10k or 15k per month na rental
- Dili pang masa kay ang maka afford ang kwartahan lang
- I know a lot of apartment or house for rent nga dugay ma sudlan ug new tenants
Why Invest Now?
- Ideal lot for Boarding House Business in Ormoc City
- Less than 3 min ride via tricycle going to the city proper
- Good for Residential, House or Boarding House, Studio Unit For Rent
- Less than 1 min walk going to the national road / main road
INCREASE OF DEMAND FOR ROOM FOR RENT
This is my prediction since last year that the increase of demand for room for rent will spike. Mainly because some of these workers from other towns migrate here in Ormoc together with their family. And I was right! Because I got a lot of inquiries looking for room for rent here in Ormoc.
An imminent statistic shows also the transition from single individuals to family / parent. Yeah, once you have your own family and have kids, you tend to look for another house or room to start your family instead of staying in your parent's house.
Send me a private message. Thanks.
