Studio Apartment Building for Sale in Yeongnang-dong, Sokcho-si

Studio Apartment Building for Sale in Yeongnang-dong, Sokcho-si

This is a four-story studio apartment building located in Yeongnang-dong, Sokcho-si, Gangwon State. The land area is approximately 120 pyeong, and the building has a total floor area of approximately 180 pyeong. The entire building is for sale.

Building Composition and Residential Units

The first floor consists of piloti parking, while the second through fourth floors contain 8 standard separated studios, 3 large-room separated studios, and 4 mini two-room units. In addition, there is 1 owner’s unit, making a total of 16 households. The owner’s unit has 3 rooms, 2 bathrooms, and an area of approximately 32 pyeong.

Sale Price and Rental Status

The sale price is 1.39 billion won. The current total deposit is approximately 695 million won, and monthly rental income is approximately 3.7 million won. The acquisition amount is approximately 695 million won.

There have been no vacancies at any time during the past three years since purchase, and the building is currently fully occupied. Jeonse and monthly rentals are appropriately mixed. It is explained that converting jeonse units to monthly rentals using surplus funds can produce a 10% return per room.

Location with Views of the Sea and Yeongnangho Lake

There are good views in all directions. The sea can be seen to the east, while Yeongnangho Lake and Ulsanbawi Rock, among other sights, can be viewed to the west.

Transaction Method and Inquiries

Both direct transactions and transactions through a real estate agency are possible. Regardless of the transaction method, the handover will be carried out accurately. For inquiries, please contact the building owner.