House for sale in the Heart of Thao Dien, near Saigon River, 160m², Monthly Rental Income of 65 Million VND

HOUSE FOR SALE IN CENTRAL THAO DIEN – 20M FROM SAIGON RIVER – 160M² – RENTAL INCOME 65M VND/MONTH – QUICK SALE PRICE 29.9 BILLION VND
📍 Rare location: 20m to the riverbank, a few steps to the Saigon Waterbus station, 300m to Thao Dien Metro Station, and 100m to ISHCMC International School and Thao Dien Market.
📕 Ownership certificate (Pink Book) available; clear legal status; eligible for immediate bank financing.
💰 Currently leased at 65 million VND/month with 3 years remaining on the contract—generate immediate cash flow upon purchase.
🚀 Development potential: Owner covers the cost of obtaining a construction permit for 1 basement + 6 floors; planned scale includes 15 serviced apartments, 1 street-front shophouse, and a rooftop bar/terrace with river views.
💵 Estimated costs for construction, finishing, and interior fit-out: ~6 billion VND (708m² floor area x 8 million VND/m²). Projected post-completion revenue: 12 million VND/room x 15 rooms, shophouse 25 million VND, rooftop 45 million VND; total revenue ~250 million VND/month (3 billion VND/year).
💰 Sale price: 29.9 billion VND ~ 186.8 million VND/m²