Condominium buy in Nice Provence-Alpes-Cote d'Azur

Ideal for seasonal investors: €70,000/year income – Invest in multiple apartments while complying with Airbnb regulations. Rare on the Nice market: Located in a quiet and typical alley of Old Nice, near Place Garibaldi, on the 4th floor (no elevator) of a renovated and well-maintained building, which authorized short-term rental in the 2024 Annual General Meeting. This unique lot of 83 m² is divided into two apartments, each with its own electricity and water meters. The lot consists of: A 45 m² T2 apartment (East-facing) A 38 m² T2 apartment (West-facing) Features: - Air conditioning, fully electric systems - Total capacity: 8 people (4 per apartment) - Option to sell fully furnished, ready for short-term rental This unique opportunity allows you to operate two separate listings with a single address. Additionally, the short-term rental authorization voted in the 2024 Annual General Meeting gives this property a competitive advantage in the increasingly regulated Airbnb market. OR An easy division option (pre-approved) allows you to split and potentially resell one of the lots separately. Low charges: €110/month Property tax: €1,000/year Proven rental income: €70,000 net/year Net return before tax: 12% Price: €530,000 including agency fees, paid by the seller DPE: Pending Georisques: https://georisques.gouv.fr