Briefly about the property:
If you are looking for an investment opportunity that offers a stable and fast return, this property is an ideal choice. It is a 104 m² apartment, fully renovated, with six fully furnished studio apartments with separate entrances. The apartments are currently let on a long term lease, providing the owner with a net income of 14 million HUF per year. As the articles of association of the condominium do not prohibit short-term rentals, the possibility of Airbnb is also given, with the possibility of doubling the yield.

Location of the property:
The apartment is located in Erzsébetváros, one of the most popular areas of Budapest's VII district. The infrastructure of the area is excellent, the proximity of the City Park provides not only a pleasant green environment, but also many recreational opportunities. The services necessary for everyday life - shopping, cafes, restaurants, pharmacies - are within a few minutes' walk. The proximity of the Keleti railway station guarantees excellent transport facilities, as from here any point of the city can be reached quickly and easily.

Features of the property:
The apartment is located on the third floor of a three-storey, 48-apartment, 48-apartment, civilian apartment building built in the 1900s. The building's façade is in good condition, the staircase is spacious and tidy, and the residents are cultured and of mixed ages. The property underwent a complete renovation four years ago, with the creation of six independent, galleried, all-comfort apartments. The apartments are modern in design, each with a separate meter. Heating and cooling is provided by H-tariff air-conditioning, while hot water is supplied by night-time electricity, which significantly reduces utility costs. The energy-saving windows are insulated and fitted with electric shutters. The maintenance costs of the property are very low: the total rent for the whole apartment is only 120,000 HUF per month, which is paid by the tenants on top of the rent.

Investment potential:
The property offers excellent investment potential. With current long-term leases, the payback period is around 12 years, but with short-term expenditure - which is allowed under the rules of the building - this period could be halved. The property's current lease contracts provide a stable income, but if the owner opts for short-term rentals, even higher returns can be achieved with Airbnb occupancy. There is also the advantage that the owner can help with the continued operation, so the new owner can enjoy a completely worry-free return on their investment.

Parking:
Affordable parking is available around the property. Although the apartment does not have its own parking space, parking is easy in the area and transport links are so good that it is convenient to get around without a car.

This is a rare opportunity in the market and provides a guaranteed return in one of the most dynamic areas of Budapest. If you are interested in investing, please contact us for details and to arrange a personal viewing!

The information in the advertisement is for informational purposes only. We reserve the right to make errors and price changes. We are not responsible for any typos or technical errors.
The energy certificate is in the process of being prepared, the advertisement will be updated as soon as it is available.

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