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21 Bd Sakakini 764 SF Office/Retail Condo Unit Offered at $334,347 in 13004 Marseille
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Executive Summary
The IPM Agency is offering for sale, in the 4th district of Marseille, within a commercial and dynamic area, a high-yield investment opportunity, fully renovated. - A ground-floor commercial space of 35.04 m², including 25.04 m² of retail space and 10 m² of storage area, currently rented to a hair salon. The property has been fully renovated and is under a temporary lease, with the possibility of transitioning to a commercial lease. - A fully renovated apartment of 36 m² under a residential lease. Monthly rent (including charges): €2,300 NET (€1,000 for the apartment / €1,300 for the commercial space). Monthly charges: €240 NET. Monthly property tax: €200 (Half of this amount is covered by the hair salon, in addition to its monthly rent of €1,300, charges included). Net yield: 8.2%.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Agency Fee | $20,897 |
| Cap Rate | 8.20% |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Agency Fee | $20,897 |
- A ground-floor commercial space of 35.04 m², including 25.04 m² of retail space and 10 m² of storage area, currently rented to a hair salon. The space has been fully renovated and is under a temporary lease, with the possibility of transitioning to a commercial lease.
- A fully renovated apartment of 36 m² under a residential lease.
Monthly rent (including charges): €2,300 NET (€1,000 for the apartment / €1,300 for the commercial space).
Monthly charges: €240 NET.
Monthly property tax: €200 (Half of this amount is covered by the hair salon, in addition to its monthly rent of €1,300 including charges).
Net yield: 8.2%.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 764 SF | Office/Retail | $334,347 ($437.63/SF) | $27,416.47 |
-
| Unit Size |
| 764 SF |
| Condo Use |
| Office/Retail |
| Price |
| $334,347 ($437.63/SF) |
| NOI |
| $27,416.47 |
-
| Unit Size | 764 SF |
| Condo Use | Office/Retail |
| Price | $334,347 ($437.63/SF) |
| NOI | $27,416.47 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Agency Fee | $20,897 |
| Description | |
| The IPM Cabinet is offering for sale, in the 4th district of Marseille, within a commercial and dynamic area, a high-yield investment opportunity, fully renovated.<br> <br> - A ground-floor commercial space of 35.04 m², including 25.04 m² of retail space and 10 m² of storage area, currently rented to a hair salon. The space has been fully renovated and is under a temporary lease, with the possibility of transitioning to a commercial lease.<br> <br> - A fully renovated apartment of 36 m² under a residential lease.<br> <br> Monthly rent (including charges): €2,300 NET (€1,000 for the apartment / €1,300 for the commercial space).<br> <br> Monthly charges: €240 NET.<br> <br> Monthly property tax: €200 (Half of this amount is covered by the hair salon, in addition to its monthly rent of €1,300 including charges).<br> <br> Net yield: 8.2%.</li></ul> |
Property Facts
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21 Bd Sakakini
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