Investment property for sale - Borgerhout RBU71109

This investment property for sale in Borgerhout presents an exceptional opportunity for both seasoned investors and those seeking a versatile residential solution in a rapidly developing area. Situated at Florastraat 96, this building offers a total living space of approximately 135 square meters, divided into three separate units, each featuring its own kitchen and bathroom facilities. The property's current configuration, with three bedrooms and three bathrooms spread across different units, makes it ideal for rental purposes or converting into a spacious single-family home. The property benefits from double-glazed windows throughout, enhancing energy efficiency and providing sound insulation. Additionally, a dry cellar adds convenient storage space, complementing the overall functionality of the building. Financially, this property is attractive due to its substantial rental income, with total monthly revenues of €2,320, including utilities, which equates to roughly €350 per month per unit. This results in a solid rental yield, with a gross return of approximately 9.4%, making it a compelling choice for investors aiming for steady cash flow. The property is heated via gas, aligning with typical Belgian standards, and does not include a lift, which is consistent with the building's structure and size. Sale price is set at €249,000, exclusive of VAT, with no current tenancy in place, allowing new owners to decide on their rental strategy or renovation plans from day one. The location adds further appeal; Borgerhout is known for its vibrant and evolving community atmosphere. The property’s proximity to key amenities such as Park Spoor Noord and the Stuivenberg Hospital enhances its attractiveness for tenants or future residents. The neighborhood's ongoing development promises long-term growth prospects, and the building's two facades provide ample natural light. For investors seeking a property with multiple leasing opportunities or owners wishing to customize a sizeable residence in this dynamic district, this listing offers a compelling option. Interested parties are encouraged to schedule a viewing promptly to explore the potential first-hand and discover what this versatile building has to offer. For more information or a free valuation, visit www.hansimmo.be or contact your trusted real estate professional today.

* This text was generated using an artificial intelligence.

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