For sale Gorgeous Colonial-Style Apartment Building | 6 Units | Investment Opportunity

Gorgeous Colonial-Style Apartment Building | 6 Units | Investment Opportunity | 8.4% Annual Return

An exceptional investment opportunity to own a beautifully designed colonial-style apartment building comprising six fully furnished units across three floors, currently generating an attractive 8.4% annual return. Ideally located in the highly sought-after Huay Kaew–Nimman area, this property offers the perfect balance of convenience, lifestyle, and investment potential in one of Chiang Mai’s most desirable locations.

The property is situated in a popular and vibrant neighbourhood while still offering a more peaceful and less crowded atmosphere compared to the heart of Nimman. Residents enjoy easy access to a wide selection of shopping, restaurants, cafés, and entertainment, while hospitals, universities, and Chiang Mai International Airport are all within convenient reach. Chiang Mai Old Town is approximately a 10-minute drive away, making this an ideal location for both long-term residents and rental tenants.

The building features 6 bedrooms and 9 bathrooms arranged across 3 floors, with each apartment thoughtfully designed to create a warm, cozy, and inviting atmosphere. All units are fully furnished and equipped with Western-style kitchens, double-glazed windows and doors, double curtains with foldable mosquito-net curtains, CCTV security, and double door-lock systems as well as EV Charger.

The apartments are currently fully occupied, providing an immediate and stable rental income stream. There is also further potential to increase rental returns, with rental rates able to be reviewed and adjusted upon expiry of the existing leases.

Combining an attractive current yield, strong rental demand, a prime location, and the charm of colonial-inspired architecture, this property represents an excellent opportunity for investors seeking a well-established income-generating asset in Chiang Mai.