Budapest, VIII. kerület, Baross utca

FOR SALE an 85 Sqm (914 Sq ft) 5-Room Apartment on Baross street in district 8, Budapest

The Apartment is located on the 2nd floor of a well-maintained condominium, without an Elevator. It has a Street View to Baross street and it consists of 5 rooms, 1 bathroom and 2 toilets, it even has a nice Balcony overlooking the street.

It has electric heating, wooden doors and windows. 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 apartment currently runs AIRBNB from May-Nov, and long-term from Nov-end of April
INCOME: average 3,000 euros/mo or 36,000 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 license in that period, but you can rent out the apartment long-term, and apply for short-term license after.

ROI: (calculated with the 261 k euro Asking price)
Yield with only long-term renting: 6.90%
Yield with short-term X long-term renting after 2 year moratorium: 13.74% !!

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 105 million ~ EUR 261 k ~ USD 269 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