Apartment block for sale

349000€

4 bedrooms 157 square meters

Immoweb code : 21969246
Immoweb code : 21969246

Overview

4 bedrooms
2 bathrooms
157 square meters livable space
60 square meters of land

Description

Investment property - Appartementbulding

Looking for an interesting real estate investment in downtown Aalst with immediate rental income? Then this income property, featuring two separate rented residential units, presents a particularly attractive opportunity.

The property consists of:

a 1-bedroom apartment, currently rented for €850 per month;

a 3-bedroom duplex apartment, currently rented for €1,375 per month.

Together, both units generate a monthly rental income of €2,225, amounting to €26,700 in annual rental income.

Based on the asking price of €349,000, this results in an attractive gross rental yield of approximately 7.65%.

Both residential units are currently rented out, allowing an investor to immediately benefit from existing rental income upon purchase, without first having to search for tenants.

The central location in Aalst is also a major asset. Shops, restaurants, schools, public transportation, and everyday amenities are nearby, which supports the rentability of both units.

Furthermore, the combination of two separate residential units provides an attractive diversification of risk: the rental income does not depend on a single tenant or a single type of residence.

Asking price for the entire property: €349,000
Total rental income: €2,225/month
Annual rental income: €26,700
Gross rental yield: approx. 7.65%

Layout:

1-bedroom apartment – rented at €850/month

3-bedroom duplex – rented at €1,375/month

In short: an attractive investment property with two units already leased, strong monthly cash flow, and an attractive return in the center of Aalst.

Interested? Contact us for more information, lease details, or to schedule a site visit.

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