Unit ID: U1841150
6% Rental Yield
Tenant-Occupied until Oct 31, 2025
Suthep, Mueang Chiang Mai,Chiang Mai
$105,000
1 Bedroom
1
Bathroom
452 Sqft
Size
3
Floor
May 2014
Completed

About This Condo

This property is a 452 Sqft condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in May 2014. You can buy this condo for a base price of $105,000 ($231/Sqft).

TREE Boutique Condo at Nimman

Condominium size 42 sqm. in the heart of Nimman, Soi Sukkasem, can be made into a room for daily rental 1 bedroom, 1 bathroom, 1 kitchen , Doi Suthep view, ready to transfer. Completely renovated

Features

BalconyBalcony Fully RenovatedFully Renovated

Basic Information

Date Listed May 17, 2024
Updated 7 months ago
Property Type Condo
Floor 3
Bedroom 1
Size 452 Sqft
Price per Sqft $231
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.

Foreign Quota, Thai Quota
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Mountain View
Unit Type N/A
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
$61/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1841150

Investment Opportunity: Charges & Yield

Sale Price
$105,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
$61/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
16
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Tree Boutique At Nimman, and the current sales price.
6%

Project Details

Project Name: Tree Boutique At Nimman
Developer: N/A
Construction: Completed (May 2014)
Floors: 5
Buildings: N/A
Units: 44
Project Area: N/A
Nearest Landmark Han Teung Chiang Mai ( @Chiang Mai ) - 0.4 Km
Location: Suthep, Chiang Mai
Tree Boutique At Nimman Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Tree Boutique At Nimman

For Sale 1 For Rent 1
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Frequently Asked Questions

No pets are allowed at Tree Boutique At Nimman unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is $1 per square meter based on the size of indoor area of the property and is $61 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Tree Boutique At Nimman the required payment for the sinking fund is $15 per square meter based on the size of the indoor area of the property.
Han Teung Chiang Mai ( @Chiang Mai ) is the nearest Neighborhood from Tree Boutique At Nimman and it is 0.4 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Tree Boutique At Nimman you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

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Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Tree Boutique At Nimman

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Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Rimnam Mansion
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
N/A
Sales Prices
$43.42K
Monthly Rentals
N/A
Year Built
Jan 2021
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
$61.19K - $74.3K
▼ -17% underpriced
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Year Built
Dec 2013
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
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Project Name
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Location
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Number of units
99
Sales Prices
$87.12K - $247.67K
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Monthly Rentals
$816
Year Built
Dec 2014
Completion Status
Completed
Project Name
Play Condominium
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
$87.12K - $355.16K
▲ 20% overpriced
Monthly Rentals
$524 - $685
Year Built
Apr 2016
Completion Status
Completed
Project Name
103 Condominium 2
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
$46.33K - $81.3K
Monthly Rentals
$131
Year Built
Dec 1987
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
$101.95K - $422.5K
▼ -31.5% underpriced
Monthly Rentals
$816 - $874
Year Built
Jan 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
75
Sales Prices
$100.53K - $197.69K
▼ -22.7% underpriced
Monthly Rentals
$379 - $1.31K
Year Built
Jan 2014
Completion Status
Completed
Project Name
The Nimmana Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
$104.9K - $364.23K
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Monthly Rentals
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Year Built
Mar 2015
Completion Status
Completed
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