23.9 Billion VND for a Dual-Faced Service Apartment Building in Tân Bình, Fully Occupied with 14 Rooms, Real Cash Flow Over 1 Billion VND/Year

This service apartment building is located at 34A Tống Văn Hên, Ward Tân Sơn, Hồ Chí Minh, in a well-connected area of Tân Bình, just 50 meters from Trường Chinh, making it convenient for access to T3 Terminal, Tân Sơn Nhất Airport, the Metro line, Co.opmart, universities, and central districts of Saigon.
A key feature of this property is its dual-faced location with a spacious 8-meter wide road in front, ideal for long-term service apartment operations, easily accessible for tenants and convenient for management.
Currently, the building operates 14 rooms, fully occupied, generating immediate cash flow without the need for land purchase, construction, or interior setup. You can take over and start operations right away.
Current cash flow details:
- Actual revenue: 93.6 million VND/month, approximately 1.123 billion VND/year
- Rent for 14 rooms + business space: 88.8 million VND/month
- Water and service fees: 4.8 million VND/month
- Electricity billed separately, not included in the above revenue
- Gross revenue yield is about 4.7% per year based on the price of 23.9 billion VND
The cash flow can be verified directly through room revenue reports, lease agreements, and the actual tenant situation.
Property details:
- Address: 34A Tống Văn Hên, Ward Tân Sơn, Hồ Chí Minh
- Land area: 150.5 m²
- Front width: 5.77 m, depth: 24.92 m, rear width: 6.33 m
- Recognized floor area: 476.2 m²
- Structure: ground floor + mezzanine + 3 floors + rooftop
- Equipped with: elevator, fingerprint lock, cameras, fire escape, fire safety documentation
- Fully furnished, designed for optimal service apartment functionality
Clear legal status:
The property has a separate pink book, designated for urban residential use with long-term rights, completed construction, and updated on the registry. Buyers can verify the pink book, completion documents, and related paperwork during direct negotiations.
Potential for revenue increase:
Currently, the building operates 14 rooms, but there is a plan to add 6 more rooms, potentially increasing the total to about 20 rooms, optimizing cash flow to 6.68% per year.
This property is ideal for investors looking to own a well-established service apartment building with real tenants, genuine cash flow, clear legal status, and a strong connection in Tân Bình.
Sale price: 23.9 billion VND, negotiable for serious buyers.
For inquiries, please contact Thảo at 0948 296 *** to schedule a viewing and verify the revenue, tenant status, and legal documents directly.
For more information, visit:
https://felixhouse.vn/du-an/ban-can-ho-dich-vu-34a-tong-van-hen/