Saint-Étienne, Rhône 42000

Located in the heart of the city, in immediate proximity to shops, services, transport, and amenities, this mixed-use investment property presents an interesting opportunity for an investor seeking a comprehensive, diverse portfolio with real potential for value enhancement. The building offers approximately 461.98 m² of main areas excluding balconies and includes: a commercial unit of about 99.42 m² on the ground floor; four F3 type apartments; three studios; an additional space of approximately 6.62 m² on the fourth floor; three balconies totaling about 3.74 m²; a cellar of about 67.92 m²; various ancillary areas, including a private stairwell and parts with a ceiling height lower than 1.80 m. Altogether, including all areas, balconies, and annexes, the total represents approximately 556.74 m². The diversity of units allows for the distribution of rental risk among family housing, small units, and commercial activity. Rental Potential and Profitability The estimated rents provided represent a potential rental income of approximately: 3,451 per month excluding charges; 41,412 per year excluding charges. For a sale price of 455,000 including agency fees, the projected profitability stands at: estimated gross yield: 9.10%; property tax: 7,054 per year; annual income after deducting property tax: 34,358; yield after property tax: approximately 7.55%. These calculations are made excluding financing costs, acquisition fees, insurance, non-recoverable charges, maintenance, vacancy periods, taxes, and potential repairs. The stated rents are provided for informational purposes and should be confirmed based on the actual state of the units, their level of equipment, energy performance, applicable regulations, and rental market conditions at the time of leasing. Renovation, modernization, or energy improvement works could enhance the property's attractiveness, facilitate re-renting, and gradually reposition rents. The buyer may thus consider a value enhancement strategy as occupants leave. With an acquisition cost reduced to approximately 985 per square meter of main area, this property offers interesting potential for an investor wishing to combine immediate returns with medium-term value creation. The areas are provided for informational purposes only, based on documents supplied by the owner, subject to verification of property titles, the descriptive state of division, and measurement certificates. They do not constitute a certificate of living space or private surface area within the meaning of the Carrez law. Contact me to obtain the complete file, analyze the rental potential of the property, and arrange a visit. This property is presented to you by Olivier Serre, your independent advisor at Dr House Immo.