Residential Building for Renovation as an Investment, Budva

Montenegro , Budva

800.000€

Information

House
821 m2

Description

A residential building with separate apartments is for sale in Budva. It is aimed at investors and private buyers who are willing to invest in renovation and in creating new living space.

Main building

occupies 821 m², with a 260 m² yard next to it
has three floors
the units are one-, two- and three-bedroom apartments with terraces
sold in its current condition, which requires renovation and restoration; the apartments need thorough repair and modernisation
parking for several cars in front of the building
full ownership (1/1)

Second building and plot
Another residential building, which still needs to be legalised, is attached to the main one. It also contains four apartments and a basement, with a total floor area of 357 m². Behind both buildings lies an urbanised plot of 296 m².

Price and location
The total price of the investment is €800,000. The location is convenient, with a market, a hotel, a café and residential buildings nearby. Income can be generated by renting out the renovated apartments or by selling them as individual units, and the potential is considerable.