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A rare live-and-invest opportunity on the sought-after land behind Chiang Mai University, near Suthep Municipality Sports Field. This 94.6 sq wah plot (red-Garuda / Chanote title) comes with three buildings and existing rental income.
The property sits on a quiet, good-atmosphere plot with a Doi Suthep view, road frontage on two sides, and no flood history. Just 5 minutes from CMU and Suthep Municipality.
What's on the land (273 sqm total built area, 3 buildings):
Single-storey home (49 sqm) — 2 bedrooms, 2 en-suite bathrooms. Your own residence.
Two-storey dormitory (185 sqm) — 4 bedrooms, 4 en-suite bathrooms + 1 shared bathroom. Let at 6,000 THB/room, currently fully occupied — 24,000 THB/month.
Glass-fronted café unit (39 sqm) — single storey, currently leased as a coffee shop at 5,000 THB/month.
Dormitory have Long-term contract CMU Students Tenant.
Foreign nationals can own the building (house) in their own name, but not the land that it stands on.
Foreign nationals cannot own land in Thailand in their own name. The options for a foreigner to make use of the land are via a long-term lease or by investing in a Thai company that owns the land.