For sale: Investment property – Potential return 9.48%

Description

ERA Blavier presents this investment property comprising 6 authorised units , formerly consisting of two houses and now converted into collective housing. After renovation, the potential rental income is estimated at €3,490/month , representing €41,880/year in gross rental income . Annual expenses are estimated at approximately €10,500 , including property tax, fire insurance, small housing tax, as well as water, gas and electricity costs. Based on an estimated renovation budget of €100,000 , with acquisition costs included in the calculation, the project offers an estimated net return of 9.48% . Its configuration is particularly suitable for a shared housing or coliving project . The property also benefits from an attractive location, approximately 15 minutes from Liège city centre and the University of Liège by public transport , and around 10 minutes by car . An opportunity for investors looking for a property to renovate with significant potential returns. PEB : F ; E spec : 452 ; E total : 93.526 Rental income, expenses and return projections are provided for indicative and non-contractual purposes only and depend, among other factors, on the renovation works carried out and the operating conditions of the property.