Ribérac, Aquitaine 24600

Investment Property 5 Rented Apartments 27,600 Annual Rent. An investment opportunity with immediate rental income and existing management. This investment property, with approximately 256 m² of living space, comprises 5 currently rented apartments: 2 one-bedroom apartments and 3 two-bedroom apartments. Cellars are located in the basement. The 5 apartments are managed by a real estate agency, allowing the investor to benefit from pre-organized rental management. Rental Income: The current rents amount to 2,300 per month excluding charges, or 27,600 per year excluding charges. Main Expenses: Property Tax: 4,300 per year Building Insurance: 900 per year Non-Occupant Owner Insurance: 35 per month, or 420 per year. These three items total 5,620 per year. Amenities and Energy: The apartments are currently rated D on the Energy Performance Certificate (EPC). The heating system benefits from air-to-water and air-to-air heat pumps installed approximately two years ago. Invoices and maintenance records are available. However, energy efficiency renovations are planned, including improved insulation and replacement of some windows. Installing reversible air conditioning in each apartment could also provide additional comfort and increase the value of the units. Electricity meters are individual for each apartment. Water meters are present, but they have not yet been connected. My opinion as an agent: This building is ideal for an investor primarily seeking existing rental income and established management. The five apartments are rented, generating 27,600 in annual rent, and management is handled by an agency. Nevertheless, the building requires a budget for energy efficiency improvements and some window and door replacements. The property's appeal lies in its existing rental base, with the potential to progressively improve the comfort and energy efficiency of the apartments. This is an investment to consider with a long-term, asset-building approach. Christian Sollier, Independent Real Estate Agent, Sextant France. Fees payable by the seller. Commercial Agent To receive more information about this property and to be put in touch directly with our local agent, Christian Sollier, please fill in the form below.