27 Bedroom Apartment for sale in Sambag I, Cebu, Cebu City, Cebu
Cebu, Philippines
Guide Price
$707,965
40,000,000 PHP
PROPERTY TYPE
Condo
BEDROOMS
27
BATHROOMS
27
Description
๐๐ก๐ฉ๐๐ฆ๐ง๐ ๐๐ก๐ง ๐ข๐ฃ๐ฃ๐ข๐ฅ๐ง๐จ๐ก๐๐ง๐ฌ ๐๐ก ๐๐๐๐จโ๐ฆ ๐จ๐ก๐๐ฉ๐๐ฅ๐ฆ๐๐ง๐ฌ ๐๐๐๐ง! ๏ฟฝ
Own a fully operational, income-generating dormitory in one of Cebu City's most in-demand rental areas!
๐ฃ๐ฅ๐ข๐ฃ๐๐ฅ๐ง๐ฌ ๐๐๐๐๐๐๐๐๐ง๐ฆ:
Location: Tormis St., Urgello, Cebu City
๏ฟฝโโ Just 5 minutes' walk to Southwestern University (SWU) and University of San Carlos (USC) South Campus โ perfect for students!
๐๐ฒ๐ ๐๐ฒ๐๐ฎ๐ถ๐น๐:
โข 4-Storey Dormitory with Roof Deck
โข Total Units: 27 studio units with balcony (approx. 12 sqm each)
โ 9 units each on the 2nd, 3rd, and 4th floors
โ Each unit has its own private Toilet & Bath ๏ฟฝ
โข Air Conditioning:
โ 2nd floor units: Equipped with window-type AC
โ 3rd & 4th floors: Provisioned for AC installation
โข Parking: 2 car slots
โข Lot Area: 180 sqm
โข
Floor Area: 611 sqm
๏ฟฝ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ: ๐ฃ๐ฐ๐ฌ๐
๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด ๐ฃ๐ผ๐๐ฒ๐ป๐๐ถ๐ฎ๐น:
โข Currently earning โฑ188,000/month
โข Can reach โฑ250,000/month if all units are fully air-conditioned
๏ฟฝ ๐๐ฑ๐ฒ๐ฎ๐น ๐๐ผ๐ฟ:
โข Real estate investors
โข Passive income seekers
โข Rental business operators near universities
This property offers stable cash flow, strong demand, and high yield potential โ all in a strategic university zone location.
๏ฟฝ Message us today for full details or to schedule a site viewing!
Price may change without prior notice.
B0290GLCP
๏ฟฝ For Assistance or Site Viewing:
๏ฟฝ Madonna Grace S. Ladia
๏ฟฝโ๏ฟฝ Accredited Real Estate Salesperson
Next Level Realty and Training Services Inc.
๏ฟฝPRC Res. 21623/ DSHUD 7129
Telephone number: View Phone
Location
Open in Google MapsLiving in Cebu
Island-hopping on weekends, karaoke as a national religion, and a Filipino hospitality so genuine that you will be adopted by your neighbor's entire extended family before your first month is over.
Visa
SRRV (Special Resident Retiree Visa) โ available from age 40+. Requires $15,000-50,000 deposit depending on age and pension status. Grants indefinite stay with multiple-entry privileges. SIRV (Special Investor Resident Visa) โ requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the PhilippinesโKey Fact
English is an official language and widely spoken โ making the Philippines the easiest Asian country for American expats to navigate daily life. Private healthcare is excellent and affordable, but infrastructure outside Manila can be underdeveloped.
Learn more: The Cheapest Cities to Live AbroadโPhilippines at a glance
How Philippines scores for American expats
Cost of buying in Philippines
Estimated fees and ongoing costs for this property
Closing Costs
5-8% of purchase price
- ยทTransfer tax: 0.5-0.75%
- ยทDocumentary stamp: 1.5%
- ยทCapital gains tax: 6% (seller, but often negotiated)
- ยทRegistration: ~0.25%
- ยทNotary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
โฑ5,000-15,000/yr
HOA / Condo Fees
โฑ3,000-10,000/mo for condos
Good to Know
Agent Fees
Seller pays (3-5%)
Foreign Buyer Note
Foreigners CANNOT own land. Can own condo units (max 40% foreign quota per building). Houses possible via long-term lease or Filipino spouse.
Legal help in Philippines
Hire your own attorney โ not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in Philippines?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer โ yours.
Contact Agent
Home and Investment Partners
Next steps for moving to Philippines
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules โ the complete pre-move checklist.
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