House for Sale Budapest

$7,637,000 3,740 m2
Today's stats: 1👁 0👍
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Property Location
City
Country
Address
Budapest, Hungary, Haller
Near
Ferencvaros, District IX
Property Description

At least 7-8% annual return is achievable! (Depending on the type of operation and occupancy.) In Hungary, Budapest (capital city) in the 9th district, on the outskirt of the downtown, near to the Nagyvárad square and the Haller street, a 5-STOREY, 3.470 m2 NEW (2017) building with 88 residential units and 23 parking spaces (in indoor garage) and with an elevator is for sale. (The whole building.) It has been operating as a tenant house since it was built. (The property deed lists it as an apartment hostel.) The modern building has 1, 2 and 4 person accommodation units, all with en-suite bathrooms (with shower) and kitchenettes. (8 single, 74 double, 5 quadruple units, plus 1 office.) The accommodation units have typically 17, 27 and 40-60 m2 areas. Most of them have a balcony. Tenants living in the units without balconies can enjoy the outside air on the common terraces on the upper floors or in the inner courtyard. On the ground floor, apart from the apartments, there is an office, a boiler room and a garage. Above, on each floor, in addition to the residential units, laundry rooms has been also set up. The mechanical installations are located in the attic, together with a few other residential units. Thanks to the nearby Nagyvárad Square metro station and the 2 major universities (medical and public universities) within walking distance, it operates at almost 100% occupancy. It can be operated with other functions: E.g. if we rent out the units to companies who can use them either as offices or even to accommodate their staff, we can have around 7-8% return on investment. But it can also bring such kind of return as a nursing home, for example, at least. Please call me, even on weekends!

Property Info
Ad Type
House for Sale
Property Category
Residential
Property Type
Single Family Home
Total Area
3,740 m2
Lot Area
16 are
Year Built
2007
Storeys
5
Bedrooms
10
Bathrooms
10
Parking
Garage
Price
$7,637,000
Last Update
2 years ago
Seller Contacts
Realtor/Agent
Phone
E-mail
Views Stats
For 2 weeks:
All time total: 898
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