33-Room Investment Property for Sale in Chiang Mai | THB 20M

33-Room Income-Producing Property for Sale in Chiang Mai 4-Storey Building • 33 Rental Rooms • Existing Rental Operation • Telecom Site Income • Nong Hoi, Chiang Mai • THB 20M Investment property for sale in Nong Hoi, Mueang Chiang Mai, comprising a four-storey building with 33 rental rooms and additional income potential from existing telecom equipment installed on the rooftop. Rather than starting with vacant land or a new development, this property offers investors an existing building with infrastructure already configured for rental operations. The property is located in an established community in Chiang Mai with multiple access routes. Its tenant base includes students and working professionals. In addition to room rental income, AIS and True currently lease rooftop space for telecom equipment, providing an additional income stream associated with the property. Sale Price THB 20,000,000 Property ID: TS1085 Property Overview Four-storey building 33 rental rooms Approx. room size: 3 x 4 metres Private bathroom in each room Balcony 5-foot bed and mattress Wardrobe Cable TV Wi-Fi Motorcycle parking underneath the building Car parking area Housekeeping room Storage space 33 Rental Rooms The building currently comprises: 21 standard rooms 4 air-conditioned rooms 7 standard rooms with water heaters 1 air-conditioned room with water heater Total: 33 rental rooms The different room configurations provide an opportunity for an investor to maintain multiple rental price points or consider future room upgrades and repositioning according to market demand. Additional Telecom Site Income A notable feature of this investment property is the existing AIS and True telecom equipment located on the rooftop under space rental arrangements. This provides a potential additional source of property income beyond the 33 rental rooms. Prospective buyers should review the existing telecom lease agreements, including rental amounts, remaining contract periods, renewal provisions and other contractual terms as part of their investment due diligence. Additional Residential Area The upper section of the property also includes an additional residential area comprising: Hall / living area Bedroom Bathroom Kitchen This area may be suitable for an owner, building manager or on-site staff, depending on the buyer's preferred operating structure. Building Infrastructure The property is equipped with: CCTV on each floor 6 water tanks Water pump system Wi-Fi Cable TV Covered motorcycle parking Car parking area Housekeeping room Storage area Chiang Mai Income-Producing Property This property may suit investors looking to acquire an existing rental asset rather than developing a project from the ground up. Potential value-enhancement strategies could include upgrading selected rooms, improving furniture and amenities, repositioning room categories and reviewing rental rates according to market conditions. Any projected rental growth, investment return or future property value should, however, be assessed using verified operating and financial information rather than assumed performance. Investor Due Diligence Serious buyers are encouraged to review the property's operating information before making an investment decision, including: Current rental rates by room type Current occupied and vacant rooms Occupancy rate Monthly and annual rental revenue AIS and True rooftop rental income Remaining telecom lease terms Operating expenses Electricity and water expenses Internet expenses Staffing and housekeeping costs Maintenance expenses Relevant taxes and property expenses Land and building ownership documents These figures can then be used to calculate the property's actual gross yield, net yield and potential return on investment. Request Investment Information / Arrange a Viewing For investors looking for a 33-room income-producing property for sale in Chiang Mai with existing rental operations and additional telecom site income, contact Golden Estate Group for further information or to arrange a private viewing. Sale Price: THB 20,000,000 Property ID: TS1085 Golden Estate Group Tel. +66 82-6265539 Tel. +66 63-2969293 Find the Right Property, Make the Right Move.