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House in L'Haÿ-les-Roses , Val-de-Marne , Paris Isle of France

€2,450,000 €2,200,000 £1,854,050**
Ref: A04984
french property for sale
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Reduction from €2,450,000 to €2,200,000
94240, Income building with 15 individual studios and house with up to 8 bedrooms ideal for shared living

Aaron WAGNER, your local Leggett agent, says :

Siret number: 878553171
Price €2 200 000
agency fees to be paid by the seller

Reduction from €2,450,000 to €2,200,000
Ref A04984
Town L'HAÿ-LES-ROSES
link to google map MAP
Dept Val-de-Marne
Surface 512 M2* Plot Size 772 M2
Bathroom 16 Bedrooms 23
Location
  • 0-2KM to amenities
  • 50km or less to airport
  • Close to golf course
  • Village property
Type
Features
  • Garage
  • Guest house / gite
  • Business potential
Condition
  • Good condition
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Ideal investment Located in l'Haÿ-les-Roses

Return of between 6.6 and 7.75%
Potential income between 155,000 182,000 euros per year.
7 universities within 6 km
Project to modernise and rejuvenate the town centre
12 minutes from the new line 14 of the Grand Paris Express metro
17 minutes from Châtelet
Bus stop beside property
Close to parks and leisure activities

More information on request

With a clear view on the park Les Jardins de la Bièvre and the Parc La Fontaine (the park of Sceaux also close), this residence built on a plot of 772m2 with its independent house in millstone of about 272m2 on 3 levels + 2 garages 36m2 and a separate building of 292m2 with 15 studios on 3 floors - 4 studios with mezzanines. (LM) has a large garden of 204m2 fully fenced without any vis-à-vis, flowered and with many fruit trees and a barbecue area with a small garden shed. Read more ...

A pair of rentals. A house of 272m2 equipped with two kitchens and easily divisible into 2 flats or create a 8 bedroom colocation. The building, built in 2008; with 15 studios, 4 with mezzanines; built over 3 floors for a combined space of 292m2. The garden is fully fenced and wooded, with many fruit trees, a barbeque area and a small garden house. Total land area of 772m2

The building is composed of :

- 11 Studio apartments - 2x 13m2, 2x 14m2, 2x 15m2, 4x 16m2, 1x 19m2
- 4 Studios with mezzanine - 2x 23m2, 2x 28m2

This house is composed of :

- 2 Garages
- 3 Floors plus attic
- 2 Kitchens

- The house needs to be refreshed, but it is very well maintained by its owner.
- Double glazed windows.
- The heating and hot water are produced with an electric boiler in the building and with gas in the house.
- The sale is for both the building and house in their entirety, so there are no co-ownership charges.
- The owners are selling in order to realise new projects.
- The facade is in good general condition.

The current rental income is 105,000€ per year, fully occupied the potential is 115,000€. There has been no increase in rent for 8 years. An increase could raise the cash flow to €120,000.

The potential rental of the house is 44,600€ per year and can easily reach 56,000€.
With the creation of an 8-bedroom flat share, you could increase the annual income to €62,400.

In total, the gross cash flow potential of this investment is between 149,600€ and 182,400€ per year.

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