Mazamet, Midi-Pyrénées 81200

A solid stone-built income-generating building of 300 m2 in the city center. Divided into 5 apartments and a garage. The whole property is being sold with tenants in place. THE APARTMENTS Apartments are fully independent, mostly renovated and rented Ground floor: 2-room flat (T2) 49 m2 nearing completion: could be rented for 480 charges included Ground floor: Studio 36 m2 rented at 345 / month charges included First FLOOR: Studio 29 m2 rented at 380 / month charges included First FLOOR: 4-room flat (T4) 96 m2 with balcony rented at 690 / month charges included Second FLOOR: 4-room flat (T4) 90 m2 rented at 660 / month charges included Garage: 40 m2 rented at 80 / month charges included RENTAL RETURNS The building is sold with 4 apartments + a garage currently rented: 5 rental incomes to date totaling 2,155 / month before rent-up of a fully renovated apartment. When fully rented, the total monthly rent including charges is 2,635 / month. The rental yield is exceptional: gross yield of 12% Equipment: double-glazed joinery throughout the apartments, solar roller shutters on the Ground floor, latest-generation dry electric radiators. From studio to T4, the offer is diversified for different tenant profiles. GARAGE The ~40 m2 garage is rented and accessible independently from the other dwellings. ENVIRONMENT The property is located at the corner of two streets in the city center. Non-private parking spaces are abundant on the street. The building is close to all amenities (restaurant, newsagent, pharmacy). A basement is also present under the building, used for storage and technical area (water meters). Risk information about this property is available on the Géorisques site: Passionate about real estate investment and renovation, I have decided to support individuals in their real estate purchase or sale project. (Advice, Support, TRANSACTION)