Budapest, VIII. kerület, József körút

FOR SALE an 88 Sqm (947 Sq ft) 3-Room Apartment on József körút at Corvin-negyed

The Apartment is located on the 4th floor of a well-maintained condominium, with a renovated Elevator. It has a Unique location as it is on József körút with Corvin at hand’s reach yet it overlooks a quiet street protecting the apartment from the wind and noises.

The flat consists of 3 rooms, a living room + 2 bedrooms. It is perfect for a family or investors who want to rent it out with a good yield. The property currently runs AIRBNB.

INCOME: average net 1.500 euros/mo or 18.000 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: 5.24%
Yield with short-term renting after 2 year moratorium: 7.86% !!

The apartment is Air-Conditioned, has a circular heating system, furthermore its heating unit the seller is willing to modernize free of charge if requested by the buyer.

The ceiling height is 3.8 meters, the electrical network is 25 ampers and the common cost is extremely low, only HUF 14.960/ mo.

The building has savings and a nice residential community. The roof was renovated recently and the courtyard will be renovated this year 2025 as well.

The flat has a cozy vibe to it, fully furnished and mechanized. It has the original doors and double windows of which the outer ones are insulated.

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

Asking Price: HUF 95 million ~ EUR 229 k ~ USD 233k

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