House / Villa for sale 17 rooms, 14 bathrooms, land 650 sqm 14xparking

EXCEPTIONAL INVESTMENT OPPORTUNITY IN BALOTESTI, near DN VALUE CENTER – BOUTIQUE BLOCK WITH 16 UNITS, 650 SQM LAND AND 14 PARKING SPACES, INVESTMENT WITH ROI APPROXIMATELY 9.73% DEPENDING ON OCCUPANCY AND MONTHLY RENT | Boutique Block 16 Units | Approximate Immediate Incomev €55,440/year depending on occupancy and rent price | Potential Profit for sale per individual unit 270,000 €

Price: 570.000 €
Annual income: €55,440
ROI: 9.73%
Potential profit after apartments and sale per unit: 270.000 €

We offer for sale a new boutique block, built on reinforced concrete and brick frames, located in an area with accelerated development, right across from Corbeanca and DN Value Center, with immediate access to DN, but set back from the main street, offering peace and privacy.

Sale price: 570.000 Euro

Partitioning:
- 14 studios, each with:
private bathroom
Bedroom
dressing area
Kitchen
- 2 2-room apartments
-Land in property: 650 sqm
-14 parking spaces
Investment that produces income from day one
All 14 studios are rented at 330 Euro/month.
Monthly rental income: 4,620 Euro

Annual income: 55.440 Euro

Gross annual ROI from rents: approximately 9.73% compared to the purchase price of 570,000 Euro.

All the units in the block already have tenants and generate monthly passive income.

The property has all utilities plus functional well depth 24 meters drinking water, Romstal water softener, boiler 1000 liters, osmosis filter, hydrophore, tripane Salamander 4-season windows, Bella Casa entrance doors insulated with wool, attic insulation with 25 cm Isover and Knauf wool plus Isover Vario film mounted on Knauf profiles, reinforced photovoltaic structure mounted on the roof, Menigla metal roof tiles, metal doors to all 16 units in the block, 10 cm polystriene insulation on the outside of the building.

This property is an ideal investment for an investor who wants an asset that generates immediate income, with a very attractive annual return.

Profit opportunity through apartments
The building can be apartmentd, and later each unit can be capitalized individually.
Estimated sales value:
14 studios x 50,000 Euro = 700,000 Euro
2 apartments x 70,000 Euro = 140,000 Euro
Total estimated value after apartment: 840,000 Euro
Compared to the current purchase price of 570,000 Euro, the result is a potential profit of approximately 270,000 Euro.
In addition, right across the street there is a block where the studios were traded at approximately 50,000 Euro/unit, which supports the potential of the resale value.

Other possibilities of use
Due to the existing partitioning, the property is suitable not only for residential rental, but also for:
asylum for the elderly;
kindergarten;
educational center;
clinic or medical center;
service housing for companies;
hotel or aparthotel.
office spaces

Advantages
New brick construction on reinforced concrete frames.
The area is in full development.
Quick access to DN.
Silence, because the building is set back from the main street.
Opposite Corbeanca and DN Value Center.
Generous land of 650 sqm.
14 parking spaces.
Immediate income from rents.
High potential for value increase through apartment building and individual sale of units.
A rare property on the market, suitable both for investors interested in immediate cash-flow, as well as for developers looking to obtain a significant profit through apartments and individual capitalization of the units.

For more details, but also for viewings, please contact me.