1 bedroom apartment for sale in Paris (75), France

Property Description Summary: This one-bedroom apartment is located on the 20th floor of the Adagio Hotel in the 15th arrondissement of Paris. It offers views of the Eiffel Tower and the city, and comes with a range of amenities including a 24-hour reception, fitness center, and indoor swimming pool. The apartment features an entrance, living room, equipped kitchen, dining area, seating area with adjustable furniture and an LCD TV, and a bedroom with a bathroom. Revenue Generation: The property is currently leased back to Adagio until 2025, after which the owner can renew the lease or use the apartment as a second home or short-term rental. The current rent is 18,000 Euros per year, which will increase annually according to the inflation index. Additionally, the apartment can be rented out on a short-term basis (nightly) through direct booking or using a rental management company like Avecoeur. Based on the average nightly charge of 300 Euros and an occupancy rate of 80%, the gross rental income could be 87,600 Euros per year. After paying all running costs, linen and towels provision, cleaning, and agency commission, the expected net rental income is 36,695 Euros, resulting in a NET yield of 7.6%. Location: The apartment is situated close to the River Seine in the 15th arrondissement, a 15-minute walk from Champs de Mars Park/Eiffel Tower and a 10-minute walk to Dupleix Metro Station & Shopping Area. The surrounding area offers cafes, restaurants, and shops, and the 15th arrondissement is known as "Vaugirard." It borders the 14th arrondissement and offers places of interest such as the Musee Bourdelle, Musee de la Poste, Parc Andre Citroen, and the convention center "Paris expo Porte de Versailles." The high-rise district of Porte de Seine and the Gare Montparnasse train station are also located nearby. From a real estate investment perspective, this property offers a fixed income of 18,000 Euros per year until 2025, with the potential for higher earnings through short-term rentals. The estimated net rental income of 36,695 Euros per year, along with the central location and amenities, make this property an attractive investment opportunity. From a lifestyle perspective, the property provides a comfortable living space with modern amenities and stunning views of the Eiffel Tower. Its proximity to attractions, transportation, and shopping makes it an ideal base for exploring Paris or for those who want to live in the city center. Additionally, the option to use the apartment as a short-term rental could provide additional income and the flexibility to use the property as desired.