The moment most investment property buyers dread most is the gap

Description

— the period between transfer of title and first rental collection, when the property is yours but the income hasn't started yet. Tenant search. Property showings. Negotiations. Background checks. Lease signing. It can take months. It always takes longer than planned. This property eliminates that gap entirely. 250 sqm penthouse at The Alexandra Condominium, Meralco Avenue, Ortigas Center, Pasig City. Currently tenanted at ₱120,000/month. The lease transfers with the property — meaning ₱1,440,000 per year in passive rental income begins the day the title is in your name. The building first. The Alexandra is not a standard Ortigas condominium. It is one of Metro Manila's first gated luxury residential communities — eleven buildings across nearly five hectares, with a total of 360 units. That is a density figure that most modern developments in Ortigas cannot approach from below — they are far denser, not less so. The Alexandra's low-density, mature-landscaped character is a permanent feature of the development, protected by its own scale and age. Trees that took decades to grow do not appear in new developments. The Alexandra has them. This specific unit. Penthouse level. 250 sqm. Three bedrooms. Three recently renovated bathrooms. Two parking slots at ground level beside the lobby. Floor-to-ceiling windows. City views that penthouse positioning provides and no other floor replicates. Semi-furnished and recently renovated — the capital expenditure is already embedded in the price rather than ahead of it. The pricing anomaly. Comparable 250 sqm Alexandra units on lower floors are currently listed at ₱58M based on 2026 market data. This penthouse unit is listed at ₱55M — the best floor in the building at a price below what inferior floors are asking. The reason is tenancy: some buyers want vacant possession. Investors who understand that a verified tenancy at ₱120K/month is the most valuable feature a property can have recognize the pricing accordingly. Property Details Floor area: 250 sqm | Penthouse level 3 bedrooms | 3 bathrooms | 2 parking slots (ground level, beside lobby) Recently renovated | Semi-furnished | Floor-to-ceiling windows | City views Tenanted — ₱120,000/month rental income The Alexandra Condominium, Meralco Avenue, Ortigas Center, Pasig City One of Metro Manila's first gated luxury residential communities 360 units total across 11 buildings on 5 hectares — ultra low-density Opposite Ayala The 30th | Near Estancia Mall, St. Paul Pasig Ortigas CBD — SM Megamall, Podium, Shangri-La Plaza accessible ₱220,000/sqm (comparable 250 sqm Alexandra penthouse units ₱55M–₱58M — 2026 data) Serious inquiries only. DM "ALEXANDRA" on Facebook: Manila Property Insider. Include ₱50M+ proof of funds for title documents, tenancy agreement, and viewing schedule.