Discover a unique investment opportunity in the vibrant city of Schaarbeek with this multi-unit property listed at €435,000. Located at Rue du Progrès 299, this extensive estate comprises a total of five separate apartments, each with its own distinct features and rental potential. The entire building includes nine cellars and a garage currently available for use, though the legality of the garage remains uncertain as it is not officially registered with the urban planning authorities, thus requiring regularization. This property offers a compelling mix of fully rented apartments and some currently occupied by the owner, providing a flexible framework for investors seeking immediate income or future development prospects. Each apartment within the building has been designed to cater to various tenant needs, featuring multiple bedrooms, bathrooms, kitchens, and living areas spread across four levels. For instance, one apartment on the ground floor includes a spacious living room, a bedroom, a kitchen, and a bathroom, complemented by two cellar spaces. Another unit situated on the first floor offers two bedrooms, a living room, and additional cellar storage—some of which are already rented out. The upper floors comprise additional apartments with similar configurations, all benefiting from their own cellar spaces and some with garages. Notably, the apartments vary in energy performance certificates (PEB), ranging from E+ to G, which presents opportunities for future upgrades and energy efficiency improvements. The property's location in Schaarbeek is highly strategic within an area of regional interest, promising significant development potential. Its proximity to essential amenities, transportation links, and local services enhances its appeal for tenants or future buyers. The estate's current state of occupancy provides immediate cash flow while offering scope for repositioning or renovation to increase value. Bidding is scheduled from May 26th to June 3rd, with the sale concluding in early June. This property represents an attractive investment for those looking to acquire a substantial portfolio asset with diverse rental options or development possibilities. Interested parties are encouraged to contact the sale organizers for further details and to arrange inspections during the scheduled viewing periods. Want to know more?
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