Remembering Nguyen Tri Phuong in the 90s...
Back then, Nguyen Tri Phuong wasn't as bustling as it is today. I clearly remember, this stretch of road was mainly residential, with a few small shops, and very quiet in the evenings. People passed through here mainly to get to 3/2 Street or Nguyen Chi Thanh Street. Who would have thought that after more than 30 years, this road would become one of the busiest commercial streets in District 10?
The good thing about it is...
Now, when talking about Nguyen Tri Phuong, it means shopping centers, offices, and restaurants lined up next to each other. Especially, corner houses like this are truly “rare commodities”. The good thing about it is that it's not only valuable for its location but also for its stable cash flow.
Basic information about the house
This house has an area of 6.8 x 17m, with a recognized land area of 91.5m². It has a structure of 1 basement + 7 floors, built with reinforced concrete (BTCT) so it is very solid. More importantly, the house currently has a long-term lease contract, generating a monthly cash flow of 155 million VND. To be honest, with this rental rate, even just buying and holding it would be a good income.
Cash flow and potential analysis
With a selling price of 65 billion VND, compared to the cash flow of 155 million VND/month, the yield is about 2.88%/year. This level is not too high compared to some other types of investment, but it's important to remember that this is real estate, with good liquidity and potential for future appreciation. The Nguyen Tri Phuong area is developing strongly, and surrounding projects are also being invested and upgraded, so the value of real estate here will definitely increase.
Who should buy this house?
I think this house is suitable for professional investors who want a stable passive income. Or those who need to both live and rent, maximizing the benefits of real estate. Not far away, many people buy houses in this area for convenient commuting, having both a place to live and the ability to do business and rent.
A few small notes
When buying real estate, especially corner houses, it is important to carefully check the legality, planning, and construction status. It is advisable to hire a lawyer or real estate expert to advise, avoiding risks. In addition, it is also necessary to carefully review the current lease contract, the terms of renewal, price increases, and the responsibilities of the landlord.
Conclusion
In general, this is a pretty good investment opportunity, especially in the current real estate market context. However, before making a decision, carefully consider, gather enough information, and consult with experts.
