Budapest IX. kerület, Ferenc körút For sale brick apartment

IN THE HEART OF THE DOWNTOWN, YET PERFECTLY QUIET AND PEACEFUL!

For sale in one of the IX district’s exceptionally well-maintained, continuously cared-for, historic grand bourgeois condominiums – the locally protected 1904 Schermann apartment building – is a 61 m², first-floor, courtyard-facing brick apartment. Located on Ferenc Boulevard, this building commissioned by János Schermann, with its eclectic, neo-baroque façade, offers a true classic historic home.

WHY IS THIS APARTMENT SPECIAL?

Private location: The apartment is at the very end of the gallery corridor, ensuring no foot traffic in front of the entrance and no passersby under the windows, providing maximum privacy.

Quiet oasis: Although situated on the boulevard, thanks to its inner courtyard position, none of the street noise filters in.

Impressive spaces: With 4-meter-high ceilings and an excellent floor plan, the apartment offers plenty of potential (loft conversion, spacious and bright living areas).

Established radiator heating system: Currently, an older open-flame combi gas boiler is in operation. Since the radiator network is already installed, any future heating upgrade will not require changes to internal piping or heat emitters.

POTENTIAL OF THE PROPERTY (Investors, take note!):

The apartment qualifies for the favorable 3% interest-rate Home Start loan program! It is move-in ready but can be made exceptionally profitable with aesthetic and technical modernization. Two excellent renovation options are available:

Three-room, dual-comfort home: Thanks to the clever layout and the location of the wet rooms, the apartment can be transformed into a living room with American kitchen plus two separate bedrooms, and even a second bathroom can be easily added. (The estimated cost of the entire renovation is about 15 million HUF, which would elevate the property’s market value to a higher category.)

Two separate units (maximized yield): Thanks to the original two entrances, the space can be divided into two completely independent studios. This solution significantly increases investor returns from long- or short-term rentals.

LOCATION:

Within walking distance of Corvin Quarter, M3 metro, tram lines 4 and 6, and major universities (SOTE, Corvinus, NKE). Surrounded by numerous restaurants, cafes, and shopping options. Public transport runs flawlessly day and night. The condominium has a well-managed financial background and a cultured resident community.

Viewings are flexible. It’s worth discovering the potential in person – make your dream downtown home or premium investment a reality here!