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No Page Views: 4353 Added: 10/11/2005 Updated: 09/17/2007
Advert ID : 23146
About this more than 12 - Detached
This is a unique development offer. This old house need some investment to rennovate its natural beauty.
Adding one more floor will make space of 400 sq.m. (all permissions granted). Situated in heart of the city, although in the green area. It could be rennovated into 6 double bedroom (or open studio) luxury appartments for young professionals. Or alternatively converted into office/living space and later on rented out. Prices for rent for such appartment could go from 1000 USD per month and higher. Or 100 USD per night. Office space is 40-60 USD per sq.m. per month. So office space of 60 sq.m. would bring 3000 USD per month.
House benefits from parking space and high ceilings. Location is the best in the city. You can see it on the map http://www.eva.mksat.net/map/ - right in the centre of the city - Lenina avenue and Moskovskaya street.
It could be sold now for 270,000 USD. Add another 150,000 for rennovations and adding 3rd floor and you could have property investement that could bring you every month at least 10,000 USD gross income.
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