This property doesn't exist anymore
Residential building
Building of 24 apartments for sale
Residential yield building only, located at 2400 Le Locle (NE)
The building has two separate entrances, accessible from the north and / or the south,
and thus offers easy and easy access.
This is a residential rental building consisting of 5 floors on the ground floor, located in the north-west district of La Mère commune, near the City Hospital.
Access to CFF station 5 min.
Bus stop in front of the building.
Located on the edge of forests.
Very good clearance on the city, maximum sunshine.
No nuisance given the privileged position of the building, green space 5 min. on foot.
Direct access to public transport nearby. The Doubs de Morteau shopping area is 10 minutes away. only by car.
8 private individual garages are available exclusively to tenants.
DISTRIBUTION DESCRIPTION
The 5-storey building on the ground floor is made up of 24 apartments in total, of 3, 3.5, 4 and 4.5 rooms, which is an ideal distribution. In addition, the building offers a few 1.5 room units, as well as 8 individual garages.
5 bedrooms are currently not rented and are therefore not included in the rental income retained and the sale value. In return for work, they could, for example, be offered to CIFOM students.
The condition of the apartments is considered to be good. Some apartments have been completely redone as tenants leave, the others corresponding to expected standards and to the needs of the local rental market in the city of Le Locle. To date, two recently completely refurbished apartments are offered on the rental market. Several requests are being processed.
Only one apartment still needs renovation (no 1201), the current state not allowing to rent as well.
It should be noted the very low movement of tenants, therefore low vacancy. In view of the low and attractive prices of the rents practiced, a strategy sought by the current owner preferring to opt for a long-term vision and marked by stability, it is undoubtedly a heritage property with potential and offering a very interesting return .
Annual net rental income: Frs 176'064.-
Net yield: 5.7%