This property is an apartment building located at Nieuwstraat 25 in the heart of Izegem, a city known for its rich history and vibrant community. The building comprises three separate rental units, each with its own living spaces and amenities, making it an attractive option for investors seeking a rental income or for those looking to renovate a multifamily property. All three apartments are currently rented, generating a combined monthly rental income of €1,730. The building boasts a total living area of approximately 237 square meters and includes one garage space. The ground floor features a 76 square meter apartment with three bedrooms, a living and dining area, an open kitchen, a bathroom, and a small terrace that leads to the Melkmarkt. The first-floor apartment covers 72 square meters, offering two bedrooms, a living and dining room, an open kitchen, and a bathroom. The duplex apartment on the second and third floors spans 89 square meters and includes two bedrooms, a living area, an open kitchen, and a bathroom. All units are equipped with gas heating, double-glazed PVC windows, and have energy labels ranging from B to C, with the ground floor unit rated at C. Situated in a primarily residential area within Izegem’s city center, the property benefits from proximity to local amenities and infrastructure. The building is set on a street with easy access to local shops, schools, and public transportation. Although it requires some renovation work, it offers a solid foundation for future development or refurbishment efforts. The property also features a garden-facing terrace and a garage, adding practical outdoor and parking options for residents or tenants. Want to know more?
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