14 Bedroom Apartment for sale in Canduman, Cebu, Mandaue, Cebu
Cebu, Philippines
Guide Price
$1,557,522
88,000,000 PHP
PROPERTY TYPE
Condo
BEDROOMS
14
BATHROOMS
1
Description
FOR SALE: Fully Occupied Income-Generating Apartment Complex with Pool, Gym & Solar Panel
•Location: Canduman, Mandaue City, Cebu
•Price: ₱88,000,000
Looking for a premium, worry-free investment in Cebu’s fast-growing metro?
This fully occupied apartment complex is a rare opportunity to own a sustainable and income-generating property located just steps away from Ateneo de Cebu. Equipped with modern
amenities and designed with eco-efficiency in mind, this property guarantees not just passive income — but long-term value and potential.
PROPERTY DETAILS:
•Lot Area: 1,961 sqm
•Total Units: 14 Fully Occupied Apartment Units
•With House Gym – Perfect for tenants’ lifestyle convenience
•With Swimming Pool – Added amenity for relaxation and leisure
•With Solar Panel System – Significant savings on electricity costs
LOCATION ADVANTAGE:
•Walking distance to Ateneo de Cebu (Sacred Heart School)
•Minutes away from Gaisano Grand Mall, Pacific Mall, and other shopping centers
•Near hospitals and clinics
• Proximity to schools and universities
•15–20 mins drive to IT Park, Ayala Center, and major Cebu City areas
• Around 30 mins to Mactan-Cebu International Airport
INVESTMENT
HIGHLIGHTS:
• Fully Occupied – No downtime! Generate consistent income from day one
• Modern
Amenities – Attracts long-term tenants and professionals
• Sustainable Feature – Solar panel setup cuts electricity cost and boosts value
• Ideal for Passive Investors – Property is already earning and managed
• Prime Mandaue
Location – High tenant retention area near business & education hubs
• Large Lot Size
This is a rare, high-performing asset in one of Cebu’s strongest real estate corridors. Don’t miss out! 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) — 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) — requires $75,000 investment in Philippine securities. No age minimum. Both offer permanent residency.
Learn more: The Complete Guide to Moving to the Philippines→Key Fact
English is an official language and widely spoken — 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 Abroad→Philippines 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
- ·Transfer tax: 0.5-0.75%
- ·Documentary stamp: 1.5%
- ·Capital gains tax: 6% (seller, but often negotiated)
- ·Registration: ~0.25%
- ·Notary: ~0.5%
Annual Costs
Property Tax
1-2% of assessed value (varies by city)
Insurance
₱5,000-15,000/yr
HOA / Condo Fees
₱3,000-10,000/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 — 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 — yours.
Contact Agent
Socratis Tom Ramas
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 — the complete pre-move checklist.
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