Budapest, IX. kerület, Ferenc körút

FOR SALE a 110 Sqm (1184 Sq ft) 3-Room Apartment on Ferenc körút at Corvin-negyed.

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

It was renovated in 2023 including the modernization of the heating system to Mika boiler, the hot water is provided by an electric boiler. The windows overlooking the street have all been replaced with modern plastic windows, the entrance door and the interior doors are kept as classic civic wooden doors maintaining the historical aspects of the apartment. The ceiling height is near 4 meters, furthermore the flat is equipped with 2 Air-Conditioners and a Sauna.

LOCATION: Excellent Prime location on Ferenc körút right at Corvin-negyed overlooking a quiet street, with tramline 4/6 and Budapest’s nightlife in hand. I highly recommend for your own purposes as your next home or as an investment.

The apartment currently runs AIRBNB. It can accommodate 8 people.
INCOME: average net 2,000 euros/mo or 24,000 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: (Calculated with the 345,000 euro Asking Price)
Yield with long-term renting: 4.35%
Yield with short-term renting after 2 year moratorium: 6.96%

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 139 million ~ EUR 345 k ~ USD 356k

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