Budapest, IX. kerület, Hőgyes Endre utca

FOR SALE a 74 Sqm (796 Sq ft) 2-Room Apartment at Corvin-negyed.

The Apartment is located on the high ground floor of a well-maintained condominium
It has a Street View to Hőgyes Endre utca only 100 meters from Corvin-negyed, and it consists of 2 Separate Big rooms, a Spacious dining room (which can be turned into a living room), a Kitchen, a Pantry, a Bathroom and a toilet.

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. The heating system is circular, the doors and windows are wooden, the ceiling height is 3.5 meters, the common cost is HUF 28,000 ~ 70 euros.

LOCATION: Excellent location right near Corvin-negyed with tramline 4/6, metroline 3, and Budapest’s nightlife in hand.

The apartment currently runs AIRBNB from May-Nov, and long-term from Nov-end of April
INCOME: average net 1,700 euros/mo or 20,400 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: (calculated with the 236,000 euro Asking Price)
Yield with short-term X long-term renting after 2 year moratorium: 8.64%

All of the furniture,machinery 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 95 million ~ EUR 236 k ~ USD 243 k

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