For sale: Investment property – Potential return 9.48%

ERA Blavier presents this investment property comprising 6 authorised units, formerly consisting of two houses and now converted into collective housing.
After renovation, the potential rental income is estimated at €3,490/month, representing €41,880/year in gross rental income. Annual expenses are estimated at approximately €10,500, including property tax, fire insurance, small housing tax, as well as water, gas and electricity costs.
Based on an estimated renovation budget of €100,000, with acquisition costs included in the calculation, the project offers an estimated net return of 9.48%.
Its configuration is particularly suitable for a shared housing or coliving project.
The property also benefits from an attractive location, approximately 15 minutes from Liège city centre and the University of Liège by public transport, and around 10 minutes by car.
An opportunity for investors looking for a property to renovate with significant potential returns.
PEB : F ; E spec : 452 ; E total : 93.526
Rental income, expenses and return projections are provided for indicative and non-contractual purposes only and depend, among other factors, on the renovation works carried out and the operating conditions of the property.