Budapest, VII. kerület, Hernád utca

FOR SALE a 122 Sqm (1313 sq ft) 6 ROOM + 1 SEPARATE APARTMENT property in the 7th district, near The City Park.

The apartment is located on the 3rd floor of a well-maintained, elevator-equipped building. It has a street view, located on the corner of Peterdy-Hernád Street, has 6 ROOMS + 1 SEPARATE STUDIO APARTMENT, 3 Bathrooms and 3 WCs, a total of 122 Sqm.

The heating system was modernized in 2020, and the apartment was completely renovated in 2023, the electrical network was replaced, the property was divided into rooms and a separate studio apartment. In the larger apartment, heating and hot water are provided by the circular system, in the smaller one, heating is provided by the circular system of the large apartment, and hot water is provided by an electric boiler. There are thermo-head heaters in each room, so the temperature can be controlled individually.

The electrical network is 32 amperes, distributed in a star pattern according to standards. The windows and doors have been replaced with plastic, and galleries in the property increase the usable floor area for rent to approx. 140 m2.

LOCATION: Excellent location near the Keleti Railway Station, within arm's reach of The City Park (Városliget), which is why I recommend it for your own purposes, for a Two-Generation Family to live together, and the studio apartment can even be rented out separately, so in addition to providing a home for your family, it also generates money. For investors, the Keleti Railway Station, excellent transportation and nearby universities, provide it as an easy and well-rented asset.

The property previously operated as an AIRBNB, and is currently utilized for long-term rental.
INCOME: net 2,300 euros/month or 27,600 euros/year

ROI:
In the case of long-term renting, based on the Asking Price of 385,000 euros and an income of 27,600 euros:
excellent yield of 7.17% per year

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

Asking Price: HUF 155 million ~ EUR 385,000 ~ USD 397,000

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

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