Investment Opportunity in Budapest’s 19. District – Kispest-Óváros
Don’t miss this unique investment opportunity in Budapest’s sought-after XIX. district, located on Ady Endre Street! This property offers a versatile layout, ideal for investors or families looking to renovate and modernize. With four separate apartments, a garden, and a car parking space, this multi-functional home presents significant potential for rental income or multi-generational living.
Property Features:
• Total Living Space: 250 m² divided into 4 independent units:
o 50 m² commercial space
o 40 m² ground-floor apartment
o 90 m² first-floor apartment
o 62 m² basement (connected to ground-floor apartment utilities)
o 8 m² staircase
• Utility Connections:
o Electricity: 3 separate meters installed
o Water: Separate water meters for each unit
o Gas: Piped gas connection
• Lot Size: 350 m² garden
• Car Parking Space: Included in the sale
• Average Exterior Condition – Solid brick construction with average curb appeal
• Heating: Gas boiler system
• View: Street-facing
Whether you’re looking to develop the property for resale, rent, or personal use, this property offers flexibility with the option to purchase the units individually or as a whole with legal separation possible through a notary. Each unit can be renovated to suit your needs, and with some updates, this could be an ideal rental property in an up-and-coming neighborhood.
Priced below market value – take advantage of this great deal before it’s gone!
About the Region – Kispest-Óváros (Old Town), XIX. District, Budapest
Kispest-Óváros, located in Budapest’s XIX. district, is an attractive and emerging neighborhood with a rich history and a calm residential atmosphere, making it highly desirable for families, young professionals, and investors alike.
Key Highlights of Kispest-Óváros:
• Well-Connected: Easy access to public transportation, including buses, trams, and metro lines, allowing for quick travel to downtown Budapest and other districts.
• Schools and Amenities: Close to several well-regarded schools, kindergartens, parks, and medical facilities, ideal for family living.
• Shopping & Dining: A range of shopping options are nearby, from local grocery stores to larger retail chains. The neighborhood also boasts various cafes, restaurants, and pubs, offering a blend of local and international cuisine.
• Green Spaces: Despite being part of a bustling city, Kispest-Óváros offers peaceful green spaces, such as Kispesti Park and nearby recreational areas, making it an attractive location for those seeking a balance between city life and nature.
• Historical Charm: The neighborhood still retains its old-town charm, with several historic buildings and a close-knit community feel.
• Investment Potential: With its proximity to downtown and growing infrastructure, Kispest-Óváros is increasingly seen as a prime location for real estate investment. The demand for rental properties is growing, and new developments are adding to the appeal.
Contact Us Today!
This is a unique opportunity to own a multi-apartment property in a prime Budapest location at a below-market price. Call now for more details or to arrange a viewing!