9 APARTMENTS! In Varennes-sur-Seine, 2km from the train station and close to the commercial zone, in a quiet dead-end street, discover this 617m² income-generating building full of potential! This property comprises 2 apartments (one 3-bedroom of 85m² + one 3-bedroom of 50m²) in good general condition on the ground floor, a raw open-plan space on the first floor to be converted into 5 apartments of 159m², and on the top floor under the eaves a convertible attic space of approximately 118m² of usable area (following renovation). On the courtyard side, a 91m² garage space, an adjoining single-story building of 114m² requiring complete renovation that could accommodate 2 apartments, and finally 12 parking spaces in total. Possibility to create 7 additional apartments in addition to the two existing ones according to the local urban plan (UCb zone), with urban planning certificate obtained for the entire property. The 7 potential apartments could be as follows: - Ground floor: 3-bedroom apartment of 55.80m² rentable furnished €900/month - Ground floor: 3-bedroom apartment of 55.73m² rentable furnished €900/month - Ground floor: 3-bedroom apartment of 50m² rentable furnished €850/month - Ground floor: 3-bedroom apartment of 85m² rentable furnished €1,000/month - Ground floor: 3 covered parking spaces rentable €50/month each, totaling €150/month - Ground floor: 9 open-air parking spaces rentable €30/month each, totaling €270/month - First floor: 1-bedroom apartment of 21.88m² rentable furnished €580/month - First floor: 2-bedroom apartment of 24.49m² rentable furnished €680/month - First floor: 1-bedroom apartment of 23.14m² rentable furnished €630/month - First floor: 2-bedroom apartment of 41.31m² rentable furnished €740/month - First floor: 2-bedroom apartment of 29.33m² rentable furnished €700/month IN TOTAL AN ANNUAL RENTAL INCOME OF €88,800 IN FURNISHED RENTALS! This represents a potential gross yield of 11.20% if €300,000 is invested in converting 273m² of raw space plus exterior work. This projection does not include the convertible attic, as the project cannot accommodate more than 7 additional units. Therefore, the work focuses primarily on converting 273m² of raw space into apartments. As for the attic, it can always be partitioned and used for storage for the apartments, with costs added to the rental rate. The roof is in good condition, the metal framework shows no particular weakness, so work can be limited to exterior improvements and conversion of the raw spaces. The entire property being sold as a result of dividing a single-ownership building, the property tax is not currently known. A co-ownership structure will be established at the time of sale, which will include the exterior areas and building structure but no common hallway. Contact me soon to arrange a visit with your contractors!