For sale in Saint-André 97440, in a convenient and sought-after residential area in the East of Réunion, discover this 262 m² investment building composed of 4 three-bedroom apartments.
This real estate ensemble represents an excellent opportunity for an investor wishing to develop their rental property portfolio in Réunion, with multiple units in the same building and attractive returns.
The building consists of four three-bedroom apartments:
one 61 m² apartment,
two 68 m² apartments,
one 65 m² apartment.
To date, three apartments are already rented, generating monthly rental income of €2,280, or €27,360 per year excluding charges. The fourth three-bedroom unit, located on the ground floor, is currently vacant, allowing the buyer to quickly re-rent it, optimize it, or keep it available according to their investment strategy.
Once all four apartments are rented, the potential rental income can reach approximately €3,030 per month, or €36,360 per year. Based on the asking price of €399,000, this represents a potential gross yield of approximately 9.1%.
The units feature functional spaces, interiors in good condition, equipped kitchens, and a layout suited to local rental demand. The building also benefits from 4 exterior parking spaces, an important asset for rentals in the Saint-André area.
Built in 1993, the ensemble has good investment potential. Some refreshing is needed on the common areas as well as the corrugated metal roof, offering interesting room for improvement to further enhance the property's value over time.
Ideally located in Saint-André, close to amenities, schools, shops, and main access roads, this building perfectly meets family and residential rental demand in the East of Réunion.
Sale price: €399,000
Property not subject to DPE.
A rare opportunity to invest in a complete building in Saint-André, with three units already rented, a fourth apartment available immediately, 4 parking spaces, and a potential gross yield exceeding 9%.