Apartment block on outskirts of Montmorillon – super investment. Reference : 21101

Situated a short walk from all amenities and the major school in Montmorillon. The property consists of 4 apartments of 50m² each, comprising a living room, a separate kitchen, one bedroom and a shower room with WC. There is a fifth apartment for renovation on the top floor, which would make a large 2-bedroom apartment when refurbished. There is a shared garden area, where tenants each have a shed to keep their garden furniture and bicycles etc, and a large cellar for the landlord’s storage under the property.

The apartments are all light and airy with high ceilings and parquet floors. There is PVC double-glazing throughout, new electrics in the four one-bed apartments and two of those also have newly fitted and equipped kitchens. Currently all 4 of the one-bed apartments are rented. The two with fitted kitchens fetch 350 € per month each, and the other two are rented for 300 € and 310 €, plus each tenant pays a 10€ monthly service charge to cover the electric in the communal area, cleaning the stairs and cutting the grass.

Once renovated the large 2-bed apartment would fetch at least 450€ a month, so there is a potential monthly income of 1 760 €.

Ref : 21101

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