Residential Building with Development Potential – Bagnolet (93170)

Property Description

For sale: 1950s building of approximately 500 m², comprising 14 apartments and a commercial space, built on a plot of 564 m². Revised annual rents for 2025: €121,000 excluding charges Current profitability: 3.8% (based on a price of €3.160 million excluding charges) Recent work (2022): complete renovation, insulation of the facades, new VMC in all apartments (€200,000 invested) General condition: apartments and common areas maintained Energy class D (possibility of upgrading to C with replacement of electric heaters) Investor advantages: Sought-after location: 15 minutes from the metro, close to Paris Secure rental management with revised rents (IRL Insee) Significant potential for growth: Transformation of the cellars: +41 m² usable +€12,000/year in rent Construction of a new building on the plot: +360 m² habitable (6 apartments of 60 m²) - PC to be requested Estimated overall profitability after work: +/- 6% An architect's feasibility file (June) 2025) is available, confirming these possible extensions subject to the PLU and additional studies. Information on the risks to which this property is exposed is available on the Géorisques website: »