Residential Income Property Appraisal

Two-Story Boarding House and Apartment Property

This property is a two-story residential building utilized as a boarding house and apartment complex, situated on a 108 square meter lot in Lucban, Philippines. The facade features a contemporary mix of materials, including decorative stone-cladding in earthy rust and tan tones on the upper level, paired with structural concrete. Two large, white-framed sliding windows are prominent on the second floor, screened for ventilation. The ground level is secured by a black wrought-iron gated fence, behind which laundry is visibly drying, suggesting active occupancy. The construction utilizes modern masonry and architectural tiling typical of late 20th to early 21st-century urban Southeast Asian residential styles. Notable features include its dual-purpose zoning for both business (commercial laundry potential is mentioned in the advertisement) and residential housing. While the image shows a functional property with standard weathering, the structural integrity appears sound from the exterior. The craftsmanship is utilitarian with decorative aesthetic upgrades like the textured wall tiles. The listing specifies 'complete papers,' indicating a legally documented real estate asset with investment potential due to its proximity to local institutions like SLSU (Southern Luzon State University).