Apartment block for sale

Investment Property with 5 Apartments and 2 Garages in a Pr

Investment Property with 5 Apartments and 2 Garages in a Prime Location in Merchtem

Are you looking for an attractive investment opportunity with a solid rental return? Then this investment property in Merchtem is definitely worth your attention.

Built in 1976, this apartment building comprises a total of 5 apartments and 2 garages on a plot of 180 m². The property consists of 3 one-bedroom apartments and 2 two-bedroom apartments and is fully permitted. Thanks to its excellent location close to the centre of Merchtem, shops, schools, public transport and other amenities, the property achieves a mobiscore of 7.8/10, contributing to the long-term rental appeal of the apartments.

The building currently generates a rental income of EUR 3,332.50/MONTH, representing an annual rental income of EUR 39,990. All apartments are currently rented out, with the exception of the ground-floor apartment, which is presently being offered for rent at EUR 650/MONTH. This rental value has already been included in the stated rental income figures.

The property is equipped with a collective oil-fired heating system (boiler installed in 1993), features aluminium window frames with single glazing, and the electrical installations are not compliant with current regulations. Regarding flood risk, the property performs excellently with a plot score of A and a building score of A.

Favourable asbestos inventory: only one limited element (a small piece of slate on the second floor) is subject to a re