Tudor Arghezi 28

Tudor Arghezi 28

Purchase Price €170,000
Area (m²) 117.08 m²
Price / m² €1,452
1st Year ROI 6.51%
Net Annual Income €11,123
5-Year + Sale Avg ROI 10.58%
Value Creator

Property Description

The unit was divided into two separate units, fully renovated, and now operates as dual income streams, optimizing space utilization while maximizing overall rental yield.

Key Features

01

Location Advantage

3 mins walk from metro.

02

Nearby Amenities

University, Old Town, parks, quiet street near city center.

03

Apartment Quality

Classic type of units, well designed.

04

Parking & Storage

Street parking.

Concept Choice

Value Creator

Opportunities where value is created through renovation, repositioning, or development, potentially generating higher returns through active involvement and strategic improvements.

Property Identification

Property Type
3-rooms
Layout
—
Street
Bucharest, Tudor Arghezi 28
City
Bucharest
Sector
2
Year of Construction
1941
Floors in Building
6
Floor
2
Seismic Risk Grade
None
Transportation Distance
—
Elevators
2

Size & Technical

Usable Apartment
117.08 m²
Constructed Apartment
—
Total Usable Area
117.08 m²
Condition
Furnished
Central Heating
Private
Gas
Yes
Electricity
New
Storage Areas
Yes
Parking
None

Financial Case

Purchase Price
€170,000
Asking Price
—
Price per sqm
€1,452
Parking Price
—
VAT
21%
Total Purchase Costs
€171,452
Projected Annual Appreciation
5%

Cash

Acquisition Costs

Total Purchase Costs€170,000
Total Closing Costs€10,211.5
Total Cash Investment€180,211.5

Sale / Exit

Projected Sale Price (5 Years)€230,000
Selling Expenses-€10,649

Income

Total 1st Year Rent€12,900
Total 1st Year Expenses-€1,777
Total 1st Year Net Income€11,123

Returns

1st Year ROI6.51%
5-Year + Sale Avg ROI10.58%

Leverage

Acquisition Costs

Total Closing Costs€14,751.78
Total Investment (Owner Equity)€82,751.78

Sale / Exit

Projected Sale Price (5 Years)€235,795
Loan Payoff-€76,794
Selling Expenses-€10,917

Income

Total 1st Year Rent€12,900
Total 1st Year Expenses-€11,178.9
Total 1st Year Net Income€1,721.1

Returns

1st Year ROI2.08%
5-Year + Sale Avg ROI17.29%

Additional Notes

The unit was divided into two separate units, fully renovated, and now operates as dual income streams — optimizing space utilization while maximizing overall rental yield.

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