In one of the most sought-after parts of Budapest's 7th district, in Erzsébetváros, on Szinva Street, we offer for sale a 60 m², 2-room apartment on the mezzanine floor of a 3-storey condominium built in good condition in the 1930s.
The property is currently in a state of renovation, which offers an excellent opportunity for a value-adding transformation. The 360 cm ceiling height and the favorable floor plan allow it to be converted into a 3-room apartment with less effort, but thanks to the previous layout – where the kitchen could be accessed separately from the courtyard – even two separate apartments with separate entrances can be created, which means outstanding investment potential.
A great value-adding factor is the proximity of the City Park, which can be reached within a few minutes' walk. This location is particularly attractive for tenants (students, young people, foreigners), so rentability is ensured in the long term.
The apartment has a street view and is quiet at the same time, so it can be ideal for either short-term or long-term rentals. The heating is solved with a gas convector, the hot water with an electric boiler. The common cost is favorable, only HUF 20,000 per month.
The infrastructure of the area is excellent: restaurants, cafes, shops and public transport options can be reached in a few minutes, so any point of the city centre can be reached quickly.
The property is free of lawsuits and encumbrances, and can be taken into possession within a short time.
We highly recommend it to investors who are looking for a well-adaptable property with multiple utilization opportunities in one of the most dynamically rentable districts of Budapest.
