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Gross Yield:
5.2%
Time to pay off with rent:
1.1 years
Price Difference:
150000%
Expected Rent:
120000€/month
This stunning property is ideally located in the heart of Nîmes, situated at the top of the bustling Avenue Jean Jaurès and just a stone's throw away from the picturesque Jardins de la Fontaine. The building features a total of 8 well-maintained apartments, which include 4 studios, 3 one-bedroom apartments (including one with a charming mezzanine), and a three-bedroom apartment. In addition to the residential units, the property also encompasses a commercial space, offering versatile options for business opportunities. There is potential for enhancing the value of this property through the development of an additional one-bedroom apartment on the ground floor, as well as the opportunity to raise the building for further expansion. Currently, all units are rented, providing a steady stream of income for the owner. The building boasts a desirable south-facing orientation, ensuring ample natural light throughout the day. Additional features include a cellar for storage and air conditioning for comfort. The combination of prime location, existing rental income, and expansion possibilities makes this property a compelling investment in the vibrant real estate market of Nîmes.