For sale right now, in Warsaw, Praga Południe district
6 bedrooms apartment currently rented
Price: 559 000 PLN
Income: 5 550 PLN
Monthly cost: 1 000 PLN (admin fee, electricity, property tax, perpetual usufruct)
Monthly Income after cost: 4 550 PLN
ROI on 12 months basis:
4 550 * 12 month / 559 000 PLN * 100% = 9,77% Net
ROI on 11 months basis:
4 550 * 11 month / 559 000 PLN * 100% = 8,95% Net
Investment can be amortised up to 10% per annum and not pay rental tax. In amortisation you can add the cost of notary act as well as the agency fee
The property has an area of 63 m2, is located on the 14th floor with 3 new elevators.
It consists of 6 separate lockable rooms, a kitchen in the annex in the hall and 2 fully equipped bathrooms.
All rooms are fully furnished: couch, large wardrobe, bookcase, desk, chair, lamp. The kitchen is fully equipped: large fridge, induction cooker, microwave oven, toaster, toaster, electric kettle, plates.
The apartment also has all the necessary economic equipment needed for tenants: vacuum cleaner, ironing board, iron and mop.
The apartment is in perfect condition, it has undergone a general renovation in 2017.
Building: From 1980.
Recent repairs: insulation, replacement of central heating and pipes.
The flat is located in Praga Południe on ul. Majdańska next to the Wiatraczna Roundabout. In the area there are shops: Carrefour, Żabka, Tesco, Lidl, Rossmann and pharmacies and numerous retail and service outlets, Gyms (Total Fitness, Energy, Zdrofit, Core, McFit, Jatomi), Veturilo Station and Znicz Park.
-5 min on foot to the Wiatraczna roundabout
-15 min to Metro Politechnika
-15 min to Center (Rotunda)
-15 min to SWPS
Warsaw city is planing to build the Metro Line III – One metro station will be build at Wiatraczna roundabout which means the property should take value within 5-8 years timeline.
As a real estate agency, we charge a commission fee.
Contact us to organise a viewing of the property and discuss all the details regarding this investment.
Are you looking to invest in real estate in Poland?
Just contact me right now:
+48 664 937 338
I will be happy to help you!