INVESTMENT PROPERTY: 4 Authorized residential units

Description

This solid multi-unit investment building in Molenbeek-Saint-Jean presents an ideal opportunity for an investor looking to add value. Located in a rapidly regenerating neighborhood (near the future Jean Wauters site), this property combines stable current income with a concrete path toward higher yields. 1. Immediate Yield & Growth Current rental income: €2,726.31 / month (€32,715.72 per year). Immediate potential: Current rents have not been indexed. Through indexation and the full rental of the ground-floor unit (garden/veranda) and basement levels, a rapid increase in cash flow is guaranteed. Management: Individual gas boilers and meters, no building manager (syndic), very low overhead costs. 2. Development Potential (Favorable Planning Advice) The property offers unique opportunities to significantly increase the rentable volume. Based on official advice obtained from the municipality, the following optimizations are possible: Penthouse Duplex: Following insulation and renovation work, the attic space can be integrated into the top-floor apartment. Garden Apartment: Opportunity to extend the ground-floor unit into the adjacent basement space. Necessary natural light (window/door to the garden) is already present; by installing an internal staircase, you can create a unique living space with a direct connection to the garden. 3. Technical Condition & Upgrades Utilities: New gas boilers installed throughout. Electricity completely renewed (except for the 1st floor, which is already certified compliant). Upgrades: New intercom system, secure front door, new cooking appliances, and a fully refreshed garden. EPC (Energy Performance): 2x G and 2x E+ (significant improvement possible through the planned attic insulation). 4. Location in Transformation Situated in the Birmingham district, the heart of the RPA Heyvaert urban plan. With the arrival of hundreds of new homes on the Jean Wauters site (starting 2025) and the general redevelopment of old industrial sites, long-term capital appreciation is assured. A property with a solid foundation and a proven trajectory toward higher returns.