Budapest, VIII. kerület, József körút

FOR SALE a 95 Sqm (1022 Sq ft) 3-Room Apartment on József körút at Corvin-negyed

The Apartment is located on the 2nd floor of a well-maintained condominium, Without Elevator.
It has a Street View and it consists of 3 rooms, 1 bathroom and 2 toilets.

It was renovated in 2022, it has wooden doors and windows. It has a nice parquet floor and wooden furniture. The Heating System is Electric in the apartment except in the Kitchen where the heating is provided by a gas convector.

The flat can accommodate 10-12 people.

LOCATION: Excellent Prime location on József körút right near Corvin-negyed with tramline 4/6 and Budapest’s nightlife in hand’s reach.

The apartment currently runs AIRBNB from May-Nov, and long-term from Nov-end of April
INCOME: average 2,500 euros/mo or 30,000 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 license after.

ROI:
Yield with only long-term renting: 5.22%
Yield with short-term renting after 2 year moratorium: 8.70 % !!

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 356 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