Apartment block for sale

1575000€

10 bedrooms 523 square meters

Immoweb code : 21506596
Immoweb code : 21506596

Overview

10 bedrooms
5 bathrooms
523 square meters livable space
320 square meters of land
Link to the virtual visit

Description

Income-generating property with subdivision potential!

Interesting investment opportunity on spacious plot along ring road, close to Philipssite and city centre . Easily accessible and benefiting from sustained rental demand thanks to strategic location. Solid and characterful 1960s building, well maintained and continuously successfully rented. According to permit: 3 spacious two-bedroom apartments, 3 student rooms with shared kitchen, shower and WC, and 1 studio on ground floor garden side (own bathroom). Additional features include 3 private cellars, meter room, boiler room, staircase hall and bicycle storage. Spacious garden(S-E) with terrace (30 m²). Abundant natural light and pleasant green views by large windows. Recent renovs (2023–2026) fire safety upgrades, roof renovation and insulation, new gas boilers and painting works. Concrete floor structures contribute to quality and durability. Current rental income: €5,340/m (incl. charges). Combination of apartments, student rooms and studio provide stable and diversified rental income. Location ensures lasting appeal: within walking distance of restaurants, Sportoase, shops and univ campuses. Centre and station nearby. Bus stop 20 m and easy parking in the area. Interesting investment strategies: 1. Full income property with immediate rental income 2. Combination of owner-occupation and rental 3. Subdivision and resale per unit. Investment property combining location, permits and existing rental income is rare. Visit and info via advertisement or [email protected]

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