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Le Crès
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Located in a quiet and sought-after area of Le Crès (34920), discover this 93 m² T4 apartment on the 1st and last floor of a former house now divided into 4 lots. This property offers 2 parking spaces and very low monthly condominium fees (30 euros/month). Shops, schools, and the tramway (line 2) are within walking distance. The potential rental income for this apartment is 927 euros per month, with the possibility of adding a 4th bedroom for shared accommodation. The current return on investment, after deducting renovation costs and notary fees, is 3.5%. With the addition of a 4th bedroom for a shared living situation, the potential rental yield increases to 8.3%. There is no rent control in Le Crès, providing flexibility for rental prices. Estimated renovation costs are 40,000 euros. This apartment does not have a private outdoor space, but it boasts excellent insulation. For more information or to schedule a viewing, contact us at 06 60 23 15 93. Overall, the price of 254,400 euros for this property in Le Crès seems reasonable considering the potential rental income and investment return. It's a solid opportunity for investors or individuals looking for a spacious property with rental potential in a convenient location.