Château-Salins, Lorraine 57170

Property located in the town center of Château-Salins, on a shopping street, close to shops and public transport. Built before 1900. Total area: 650 m2 spread over 3 floors, of which 433 m2 of living space divided into 6 units. Layout: Ground floor: a studio/F1 of 34 m2 (to refresh) and a F2 of 87 m2 (to renovate) 1st floor: a F2 of 61 m2 (renovated, ready to rent) and a F3 of 129 m2 (to renovate) 2nd floor: two F2 of 61 m2 (one renovated and ready to rent, the other to renovate) Three of the six units are quickly exploitable: the studio only requires a refresh, the two F2 units (1st and 2nd floors) are already renovated and ready for immediate habitation. Target rents once renovations are completed: Studio/F1 34m2 - 350 / F2 on ground floor 87m2 - 520 / F2 on 1st floor 61m2 - 470 / F3 on 1st floor 129m2 - 720 / F2 on 2nd floor 61m2 - 470 / F2 on 2nd floor 61m2 - 470. Total expected rental income: 3,000 per month, i.e. 36,000 per year. Immediate rental income with the three exploitable units: 1,290 per month, i.e. 15,480 per year. Major renovation budget estimated at around 150,000, amount to be checked by buyers able to complete part of the works themselves. Transparency note: some cracks on the rear facade, to be expert-assessed. Shared garden among the units. Unquantified additional value potential: possibility to create an apartment above the garage with a private garden, as well as 80 m2 of convertible attics and an adjoining two-level barn (140 m2), projects to be studied for an investor seeking higher profitability beyond the already identified potential. The property also includes a vaulted cellar. Property tax: 1,648/year. Electric heating.