Are you looking for a property that starts earning for you right away?

This offer is a ready investment model: 10 rented apartments, 2 to adapt, great growth potential, and an excellent location 10 minutes from higher education institutions.

BUILDING
A two-story building intended for residential use. The building was constructed in 1929, and the roof was renovated two years ago (wooden truss and roofing felt). The building was insulated with 20 cm styrofoam about 4 years ago. The ceiling is wooden. The windows are plastic. The building contains 12 residential units, which are divided into two, three, or four rooms. 10 out of 12 units are rented, and two remain to be adapted. Additionally, the building has a basement and an attic. Next to the building, there are storage rooms and a small yard. The building is connected to gas, where dual-function gas boilers can be installed. Currently, one apartment uses such a solution, while the rest use electric heating and hot water.

Apartments:
45m/46m- 5 units
55m- 2 units
20.5m- 2 units
84m- 1 unit
30m- 1 unit

Currently, 10 rented units generate approximately 12-13 thousand in monthly income. After adapting the remaining two apartments, it is possible to increase income by an additional 2500 PLN. Additional potential is the increase in rents due to the current market situation.
Potential return rate of 10-11% per year

LOCATION
The building is located on a plot of 403 m2 at Staropogonska in Sosnowiec, in the Pogoń district. The location allows for the use of the building for investment. Nearby is a bus stop and two higher education institutions. Good access to the center, the estate is well connected to the entire city. Nearby are numerous sports and recreational facilities, schools, kindergartens, medical clinics, and a church.

 
PROPERTY PRICE - 1,550,000 PLN

The price does not include commission costs and notarial fees.
 
WE HELP IN OBTAINING FINANCING FOR THE PURCHASE OF THE PROPERTY

Jakub Grochowski
Real Estate Advisor

Specifications:
Area: 550.0 m²
Bedrooms: 11
Built: 1929

Seller: Jakub Grochowski

Data source: https://www.otodom.pl/pl/oferta/wynajety-gotowiec-inwestycyjny-roi-9-2-ID4xhqh