Apartment block for sale

Investment property for sale - Rue de Moscou 44 Saint-Gilles

Discover this investment property ideally located in Saint-Gilles, comprising 4 rental units recognized by the town planning authorities, plus a garage. This property offers a current rental yield of €3,760 per month, or €45,120 per year, with potential for further growth thanks to a permit already obtained to convert the 3rd and 4th floors into a 2-bedroom duplex. The building benefited from a facade renovation in 2012 with a water-repellent treatment. It spans a total surface area of 280m², excluding cellars and garage.

On the first floor, you'll find a garage for one car, as well as a duplex comprising the ground and first floors. Each apartment has a bedroom, bathroom, kitchen and living room. The property is equipped with 5 new Vaillant wall-mounted condensing boilers installed in 2024, white PVC double-glazed windows, and individual meters for water, gas and electricity. Electrical control is compliant for all units.

Currently, rental income breaks down as follows: €725 for the ground-floor apartment, €685 for the 1st floor, €900 for the 2nd floor, and €725 for the 3rd and 4th floors, each with €25 monthly charges.

With a property tax of €1,172, this building offers a rare investment opportunity with increased yield potential if rents are updated. Its cadastral division is 21013 and the plot is approximately 60ca in size.

PËB E

For more information or to arrange a visit, contact us now and seize this investment opportunity.

Information and visits: [email protected]