3 Room(s) Apartment for Sale in Paris 4E Arrondissement

Property Description

Features: Refurbished in 2023. Fully renovated flat, ready to move into following a fresh coat of paint, with a recent, modern kitchen and a north-east facing aspect. Sunny, with plenty of windows offering unobstructed views and plenty of charm. 2.5 m ceiling height. Bespoke, fully fitted kitchen. 4th and 5th floors of a 5-storey building, three flats on each floor. Secure building (Vigic + digital code and reinforced door), high-speed fibre optic broadband, bicycle storage. Individual electric heating. Recent refurbishment work carried out on the courtyard and communal areas; no co-ownership works voted on or planned. Service charges €135/month including maintenance of communal areas + water. Council tax €560/year; ideal as a first home, pied-à-terre or investment; suitable for professionals with no noise disturbance.

Located in the heart of the Saint-Gervais business district, this five-storey building (including ground floor) was constructed in 1830. It comprises two blocks without lifts and contains 57 flats. It stands on a 614 m² plot, 387 m from Rambuteau metro station (Line 11) and 477 m from Saint-Paul station (Line 1). The François Couperin secondary school is 416 m away. A Velib’ station is just a stone’s throw away.

4th Arrondissement – Known as the Marais (Soho) and attracting artists, designers, trendy shopkeepers and students, it is a lively and bustling neighborhood, with lots of trendy bars and restaurants as well as Rue des Rosiers, a centerpiece of Jewish lifestyle. The arrondissement contains the Renaissance style City Hall and Place des Vosges, the historical Notre Dame de Paris Cathedral, the contemporary Pompidou Centre and Ile St. Louis and the Ile de la Cite being the oldest parts of Paris. It is desirable with its little streets, cafes and shops with old buildings and multi-cultural exposure.

Investor information:
- Potential rental income (furnished): €40/m²/month --> €1,554 (source: DRIHL or SeLoger) --> projected yield of 2.7%

Floor areas for the lots included in the price:
- Total living area --> 40 m² living space; 37.68 m² (Carrez)
- Weighted area --> 38.84 m² = €17,765/m²
Room details: Living room 17.31 m²; Bedroom 8.92 m²; Bathroom 3.01 m²; Study 8.44 m².
- Utility room with a small window on the 4th floor, 2.41 m², with access to water and electricity.