Nice Housing Estate

Located at 11 rue Michelet in Nice, close to the Libération district, Gare du Sud, the market, shops, and the tramway, discover this income-generating real estate complex offering both immediate rental income and potential for appreciation thanks to a buildable plot. The property consists of two distinct units sold simultaneously: 1. A condominium unit with a total area of 92.52 m² Currently divided into three rented apartments: - 3-room apartment of 49.45 m² - Studio of 26.64 m² - Studio of 14.62 m² 2. An independent buildable plot Currently housing: - A commercial space of about 200 m², operated under a 3/6/9 commercial lease (car wash business) - Four parking spaces Rental income: Total monthly rent excluding charges: €4,000 This property offers an interesting rental diversification (residential + commercial + parking) ensuring steady income. Development potential: The plot has building potential, and an architectural feasibility study has already been conducted, considering the creation of additional housing or an independent construction under various scenarios. The detailed architectural project can be provided upon request. Property highlights: - Sought-after location near downtown and the Libération district - Immediate profitability with rented units - Secure rental diversification - Plot offering potential for land value appreciation Additional information: Property subject to condominium status Condominium of 23 main lots No ongoing legal proceedings Condominium fees: €206/month Property tax: €3,588/year
Information on the risks to which this property is exposed is available on the Géorisques website: https://www.georisques.gouv.fr/