Budapest, dist. 7, Rákóczi út
Description:
A unique, duplex luxury apartment with Airbnb approval is for sale on Rákóczi Street in the 7th district. The property is divided into two separate apartments, with a total net area of 114 m² (156 m² gross including the galleries). The apartments feature a modern and practical design, providing comfortable living spaces.
The larger apartment has an area of 83 m², plus a 22 m² gallery level. It includes a living room, three bedrooms (two of which are located in the gallery), and two bathrooms. The smaller apartment is 31 m², with an additional 20 m² gallery level, featuring a living room, two bedrooms, and one bathroom. The property boasts a ceiling height of 4.2 meters, with the gallery levels having a height of over 190 cm.
Both apartments are equipped with a heat pump and underfloor heating, complemented by air conditioning. The technical systems are managed separately, and the apartments cannot be combined; they operate independently.
Currently, the apartments are used for short-term rental (Airbnb), offering an excellent investment opportunity. The property accommodates a total of 12 guests. The apartment is sold fully furnished and equipped, making it immediately available for use or rental.
The common cost is approximately 30,000 HUF per month, while the utility cost, including the current double-rate electricity charge, is about 100,000 HUF per month.
The Rákóczi Street area is one of Budapest’s dynamically developing and central locations, making it an ideal choice for investment. The property is located in the heart of the 7th district, with numerous amenities, restaurants, cafes, and cultural attractions nearby, contributing to the vibrant and lively atmosphere of the area.
The public transport options are exceptional in this area. The property is close to one of the busiest stops on the 4 and 6 tram lines, providing fast and convenient connections to other parts of Budapest. Additionally, several bus routes and the M2 metro line are easily accessible, ensuring further convenience in transportation.
The neighborhood surrounding Rákóczi Street has significant tourist appeal, with nearby attractions including the Dohány Street Synagogue and the party district. These factors enhance the property’s attractiveness to tourists and short-term renters, ensuring stable income and successful rental.
The property is priced at 325 million HUF, resulting in approximately an 11% return on investment with the current usage conditions.