Discover a unique investment opportunity in the heart of Ieper with this versatile property located at De Montstraat 35. Priced at €299,000, this building comprises three fully rented apartments, offering an attractive yield and a solid foundation for any real estate portfolio. The property is situated in a residential area characterized by its peaceful environment and proximity to the town center, making it an ideal choice for both investors and those seeking a strategic location in this historic Flemish city. The ground floor apartment spans approximately 64 square meters and features a cozy living area, a functional kitchen, a private courtyard, one bedroom, and a bathroom equipped with a walk-in shower, sink, and toilet. Currently rented at €445.79 per month, it benefits from an energy performance certificate (EPC) of 356 kWh/m²/year, classified as label D. Moving up to the first floor, the apartment covers around 75 square meters and includes a spacious living room, a recently renovated kitchen, two bedrooms, and a modern bathroom. This unit is leased for €550 per month and has an EPC rating of 295 kWh/m²/year, or label C, indicating good energy efficiency. The second-floor apartment of approximately 71 square meters combines a living room with an open kitchen, two bedrooms, a bathroom with a shower, toilet, and sink, along with an attic space. Rented at €497.38 per month, it also holds an EPC of 308 kWh/m²/year (label D). The top two apartments have already undergone renovation work, ensuring modern standards and compliance. Each unit benefits from a conform electrical inspection certificate and the building is asbestos-safe, eliminating certain health concerns for tenants. There are no current renovation obligations, making this property a hassle-free investment. The total net rental income from all three units amounts to €1,493.17 per month, representing a compelling return on investment. The building’s exterior features two facades, a terrace, and a plot of 90 square meters with a depth of 17 meters, offering potential for further development or customization if desired. The property is connected to gas central heating for efficient warmth. Located within the designated residential zone of Ieper, the property adheres to local planning regulations with no pre-emption rights or building certificates required. The absence of flood risks or special environmental restrictions adds peace of mind for future owners. With its robust rental income, excellent location in a vibrant Flemish city, and the potential for further growth or development, this investment property offers an exceptional opportunity to expand your real estate portfolio in Belgium. Whether you are an experienced investor or looking to enter the market with a secure asset, contact us today to arrange a viewing or request further details about this promising opportunity in Ieper.
* This text was generated using an artificial intelligence.
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