Passy Apartment

PASSY – FULLY RENTED INCOME PROPERTY – €595,000
Turnkey rental investment: 4 apartments, 1 commercial space, and 5 cellars, generating a gross monthly income of €4,647.
Located in the heart of the Chedde area in Passy, we offer for sale a mixed-use building constructed in 1970. It is fully rented with a gross yield of 9%.
Building composition (approximately 285 m²):
- 2 one-bedroom apartments on the ground floor, 46 m² and 43 m²
- 1 one-bedroom apartment of 34 m² on the 1st floor, with terrace
- 1 four-room apartment on the 1st floor, 92 m² Carrez + 71 m² non-Carrez, with 3 bedrooms, terrace, and garage
- 1 commercial space of about 70 m²
- 5 cellars in the basement (one per apartment)
- Outdoor parking spaces and 1 indoor parking spot
Advantages:
- Fully rented building with an annual rental income of €55,764
- Diverse tenants (3 one-bedroom, 1 four-room, 1 commercial), spreading rental risk
- Bright apartments in a quiet environment
- Schools, shops, healthcare services, and transport nearby
- Possibility to resell unit by unit later to optimize value
To be planned: creation of co-ownership, cosmetic repairs, terrace waterproofing, and energy renovation. Most apartments are rated F, one is rated E. An energy renovation program would significantly improve performance and secure long-term rental.
Price: €595,000 (fees paid by the seller)
Visits by appointment. Full file available on request. Fees paid by the seller. Energy performance diagnosis pending. Information on risks related to this property is available on the Géorisques website.
Information on the risks to which this property is exposed is available on the Géorisques website: https://www.georisques.gouv.fr/