€318,000
In the center of Montmédy, in a practical and sought-after environment for its proximity to the Belgian and Luxembourg borders, this rental property offers a peaceful investment base with tenants in place and immediate operation.
From the acquisition, you benefit from an occupied real estate complex, with no vacancy, consisting of 4 generous apartments: two F4 of 120 m², an F3 of 104 m², and an F2 of 36 m².
An balanced distribution, with a majority of large units, particularly appreciated in the local rental market.
The organization is simple and effective: each apartment has its own meters (water, gas, electricity). Three units are equipped with individual gas heating, while the last runs on electric, allowing independent management for each tenant.
In daily life, some elements make the difference: the first-floor apartment benefits from a large private terrace, a true extension of the living space, and the building has a spacious cellar, always appreciated for storage.
The current rents, all charges included, amount to €589, €660, €595, and €389, representing an annual rental income of €26,796 charges included. The entire property is leased on bare leases, with stable occupancy.
On the management side, the building is part of a co-ownership with a volunteer syndic, with no ongoing procedures.
Management charges remain controlled, around €90 per month, with a property tax of €4,523.
The location is a real asset: city center, immediate parking nearby, and enhanced attractiveness due to the proximity of cross-border employment centers.
Note: the entire co-ownership is currently for sale, offering an interesting perspective for a comprehensive project.
A coherent property, easy to operate, combining location, volume, and existing income.
Highlights:
-Fully rented building, no vacancy
-Immediate income: €26,796 / year charges included
-Large surfaces with a majority of family housing
-Private terrace and large cellar
-City center close to Belgium and Luxembourg
A property to discover to secure an investment with income from the outset.
The property includes 9 lots, and it is located in a co-ownership of 9 lots (there are no ongoing common charges linked to the co-ownership and the homeowners' association is not subject to a procedure described in Article L. 721-1 of the Construction and Housing Code).
Risk information related to this property is available on the Géorisques website: www.georisques.gouv.fr
For more information and/or to schedule an appointment for a visit, please contact Yannick at 00352.661 260 875 or by email: contact@aaimmo.lu
AA IMMO, the Real Estate Agency with Engagement and Excellence for 33 years by your side, in Luxembourg.
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