Budapest, VIII. kerület, József körút

FOR SALE an 85 Sqm (914 sq ft) 3-Room Apartment on József körút at Blaha Lujza tér.

The Apartment is located on the 4th floor of a well-maintained condominium, with an Elevator.
It has a Street View to József körút and it consists of 3 rooms (a living room + 2 bedrooms), a Bathroom and 2 toilets.

It was renovated in 2023 (parquette floor, new kitchen, plastic doors and windows). The electrical network was replaced 20 years ago in high quality according to German standards, distributed in star pattern. The Heating System is Circular, it has a new heating unit that was installed in 2024.

The apartment has a Smart Lock on the Entrance door which can be opened by fingerprint, card, code or remotely by app. The interior doors are equipped with key safes so they can be rented out separately.

Two Bedrooms are equipped with a Gallery extending the rentable gross size of the apartment to circa 95 sqm. The flat can accommodate 9 people.

LOCATION: Excellent Prime location on József körút right near Blaha Lujza tér with tramline 4/6 and Budapest’s nightlife in hand’s reach.

The apartment currently runs AIRBNB.
INCOME: average net 2.500 euros/mo or 30.000 euros/year

Budapest currently has a 2-year Airbnb Moratorium from January 1st 2025 until December 31st 2026. Which means you cannot apply for a new licence in that period, but you can rent out the apartment long-term, and apply for short-term licence after.

ROI:
Yield with long-term renting: 5%
Yield with short-term renting after 2 year moratorium: 10% !!

All of the furniture is included in the price. The apartment is free of lawsuits and encumbrances, and can be taken into possession immediately.

Asking Price: HUF 119 million ~ EUR 296 k ~ USD 305k

Feel free to contact me regarding questions and visit
Phone/Whatsapp:
+ 36 30 687 6790

CHECK OUT MY OTHER LISTINGS:
https://ingatlan.posztolom.com/hirdetesek/nagy-krisztian/3687