Vente Immeuble 617 M²

iad France - Alexandre Baroukh offers: SPECIAL INVESTOR OPPORTUNITY: 9 APARTMENTS! In Varennes-sur-Seine, 2 km from the train station and close to the commercial area, located in a dead-end street, discover this 617m² income property full of potential!

This complex includes:
- 2 apartments on the ground floor (a 3-room 85m² + a 3-room 50m²) in good general condition
- On the 1st floor, a raw space of 159m² to be converted into 5 apartments
- On the top floor under the roof, an attic space of approximately 118m² habitable after conversion

On the courtyard side:
- A garage space of 91m²
- A single-story annex building of 114m² to be completely renovated, which can accommodate 2 apartments
- 12 parking spaces in total

According to the local urban plan (PLU, zone UCb), it is possible to create 7 additional apartments beyond the two existing ones. A planning certificate has been obtained for the entire property.

The 7 potential apartments could be:
- Ground floor: 3-room apartment of 55.80m², rentable furnished at €900/month
- Ground floor: 3-room apartment of 55.73m², rentable furnished at €900/month
- Ground floor: 3-room apartment of 50m², rentable furnished at €850/month
- Ground floor: 3-room apartment of 85m², rentable furnished at €1000/month
- Ground floor: 3 covered parking spaces rentable at €50/month each, total €150/month
- Ground floor: 9 open-air parking spaces rentable at €30/month each, total €270/month
- 1st floor: 1-room apartment of 21.88m², rentable furnished at €580/month
- 1st floor: 2-room apartment of 24.49m², rentable furnished at €680/month
- 1st floor: 1-room apartment of 23.14m², rentable furnished at €630/month
- 1st floor: 2-room apartment of 41.31m², rentable furnished at €740/month
- 1st floor: 2-room apartment of 29.33m², rentable furnished at €700/month

TOTAL ANNUAL RENTAL INCOME OF €88,800 FURNISHED! This represents a potential gross yield of 11.20% if €300,000 is invested in renovating 273m² of raw spaces plus exterior improvements.

This estimate does not include the convertible attic, as the project cannot include more than 7 additional units. The renovation mainly concerns converting 273m² of raw spaces into apartments. The attic can still be sectioned off and used as storage for the apartments, adding extra rental value.

The roof is in good condition, and the metal framework shows no particular weaknesses, so work can be limited to exterior improvements and interior conversions of the raw spaces.

The property offered for sale results from the division of a single ownership building, so the property tax is not yet known. A condominium will be established upon sale, including the exterior areas and building structure but no common hall.

Contact me quickly to arrange a visit with your contractors!

Agency fees are the seller’s responsibility.

A valid ID will be requested at the visit, in accordance with article [hidden information] of the Monetary and Financial Code. Information on risks affecting this property, including the legal obligation for brush clearing, is available on the Géorisques website: [hidden information].

This real estate listing was written under the editorial responsibility of Mr. Alexandre Baroukh, independent real estate agent (without holding funds), commercial agent of SAS [hidden information] France, registered with the MELUN Trade and Companies Register under number [hidden information], holding the real estate solicitation card on behalf of the company [hidden information] France SAS.
Information on the risks to which this property is exposed is available on the Géorisques website: https://www.georisques.gouv.fr/