2 Room(s) Apartment for Sale in Paris 18E Arrondissement

Property Description

Features: Refurbished in 2023, recent and modern kitchen, south-east facing, dual-aspect and bright, 2.62 m ceiling height. Sliding doors between the living room and the bedroom. 4th floor of 5. Two flats on the floor. Secure building (digital code entry and reinforced door). High-speed fibre-optic broadband. Individual electric heating. Works approved and planned for the refurbishment of the courtyard and façade. Service charge €150/month including maintenance of communal areas + water. Council tax €424/year. Ideal as a first home, second home or investment.

18th arrondissement - Located on the Right Bank of the Seine River, is one of the most popular areas of Paris, hosting the district of Montmartre, which contains a hill dominated by the Sacre Coeur basilica, as well as the famous Moulin Rouge. Thanks to its sweeping viewpoints, art-drenched history and charming, village-like streets, the district attracts many visitors and colourful street artists. Some of the world’s greatest artists lived here, notably Picasso, Matisse, Max Jacob, Utrillo and Renoir. The area also includes the lively neighbourhoods such as Barbes and its bustling markets. Countless articles have been written about what's hip, new and happening about this fading Red Light district slowly replaced by a BoBo crowd (bourgeois bohemian). The area main sights and attractions includes the Montmartre Neighbourhood, Montmartre Cemetery, Place des Tertres, Le Moulin de la Galette (real windmill and the subject of a painting of the same name by Renoir), Dali Museum…

Located in the heart of the Clignancourt business district, this five-storey building (including the ground floor) was built in 1870. It comprises a single block without a lift and contains 11 flats. It stands on a 157 m² plot, 262 m from Château Rouge metro station (Line 4) and 453 m from Anvers station (Line 2). The Rolland Dorgeles secondary school is 250 m away. A Velib’ station is just a stone’s throw away.

Floor areas for the units included in the price:
- Total living area --> 29.08 m² living space; 28.76 m² Carrez
- Weighted area --> 28.92 m² = €11,065/m²
Room details: Hallway 1.11 m²; Living room 9.8 m²; Kitchen 6.4 m²; Bedroom 8.95 m²; Bathroom 2.5 m²
- Cellar No. 11 --> 6.2 m²
- Total share of common areas --> 90/1000

Investor information:
- Potential rental income (furnished): €34.90/m²/month --> €1,009 (ref: DRIHL or SeLoger) --> projected yield of 3.78%