Mihaja Apartment, - Good place for investment?
i came across the Miharja Apartment, the one beside the Maluri LRT Station, and wondering whether it is a good place for property investment?The good part:
- Low price (around RM 100K++)
- Stategic place (near Maluri Jusco, PGRM, not far from KL Center..)
- Easy access to public transportation
- Crowded area
- Rental around RM 650 - 700
Bad one:
- Traffic jam area if taking own transportation
- enviroment might not be very pleasant
- quite an old building, lack of maintenance
- lift might breakdown any time
I'm thinking whether this place is suitable for property investment? Went to see 1 property, high floor, renovated, price RM 100K+. Do you all think it is worth for investment ha?
In my opinion it should be very easy to rent out the property, coz i looked around the area, not many houses for rental. Mostly are room to let only, and <5 properties for sales. I tried to call to most of the room to let notices, 4 out of 5 already rented out, yet their notice seems like just been posted a few days back... But judging by long term, will the lift breakdown and nobody want to repair it? will this ever happen?
Anyone of you can give some opinions ha? or any better suggestion nearby good for property investment? I'm trying to start a small investment here...
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