Old Town Nice – Two T2 Apartments – Short-Term Rental Authorized, 12% Net Return

Ideal for seasonal investors: €70,000/year income – Invest in multiple apartments while complying with Airbnb regulations.

Rare on the Nice market: Located in a quiet and typical alley of Old Nice, near Place Garibaldi, on the 4th floor (no elevator) of a renovated and well-maintained building, which authorized short-term rental in the 2024 Annual General Meeting. This unique lot of 83 m² is divided into two apartments, each with its own electricity and water meters.

The lot consists of:

A 45 m² T2 apartment (East-facing)
A 38 m² T2 apartment (West-facing)
Features:

– Air conditioning, fully electric systems
– Total capacity: 8 people (4 per apartment)
– Option to sell fully furnished, ready for short-term rental

This unique opportunity allows you to operate two separate listings with a single address.

Additionally, the short-term rental authorization voted in the 2024 Annual General Meeting gives this property a competitive advantage in the increasingly regulated Airbnb market.

OR

An easy division option (pre-approved) allows you to split and potentially resell one of the lots separately.

Low charges: €110/month
Property tax: €1,000/year
Proven rental income: €70,000 net/year
Net return before tax: 12%

Price: €530,000 including agency fees, paid by the seller
DPE: Pending
Georisques: https://georisques.gouv.fr