Description
Investment property with (3 x 72 m²) + (1 x 62 m²) = 278 m²
Ideal location in Luxembourg City: apartment building with high potential
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***** ideal location close to the INTERNATIONAL SCHOOL (ISL)
***** perfect CONNECTION to motorway and public transport
***** free DESIGN POSSIBILITIES for renovation work
***** high RETURN POTENTIAL up to €8.800
***** QUALITY OF LIFE in the heart of Luxembourg
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- 4 RESIDENTIAL UNITS
- 1 INTERIOR YARD
- 1 GARAGE
- 4 CELLARS
- Premium location MERL
- modern PROJECT DESIGN possible
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This attractive apartment building in Luxembourg-Merl offers an outstanding opportunity for investors looking for a property with high development potential. Located in a quiet and green environment, the property benefits from its immediate proximity to the International School of Luxembourg, which is just a 2-minute walk away. This excellent location not only guarantees a high demand from potential tenants but also provides excellent transportation links and quick access to shops, restaurants, and cultural facilities.
The building includes four housing units, each with an area of about 72 m². While the apartments are currently habitable, they no longer meet the latest standards and require a series of renovations to meet today's demands for modern living comfort. These refurbishment measures offer future owners the opportunity to modernize the property according to their own ideas, significantly increasing the value of the property.
The potential monthly return of up to 8,800 euros makes this property a particularly attractive investment. The need for high-quality living space near international schools is consistently high, which favors long-term rentals and the achievement of attractive rental income.
Overall, this apartment building represents an excellent investment that, with the right renovation and strategic marketing, can fully realize its potential and generate significant long-term value growth. A perfect project for investors who are willing to invest in comprehensive renovation to turn this building into a profitable and desirable residential property.
