An investment property with an annual income of 4,172.40 before taxes

PRICE: EUR €66,000

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Estate Agent: Sextant France
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An investment property in a tourist residence with an annual income of 4,172.40 before taxes and a 6.32 % return in Vitrolles. The Appart'City Marseilles Vitrolles Airport is ideally located just 2km from Marseilles Provence airport, 25 minutes from Marseilles, and close to the shops and businesses of Vitrolles. The residence boasts numerous features, including a private parking space, free wifi and lifts.

Property features:
Flat or apartment
House
An investment property with an annual income of 4,172.40 before taxes
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Property Details:

This is a studio apartment with a total area of 20.70m², comprising: an entrance hall, a living room with kitchenette and wardrobe, and a bathroom with toilet. The apartment is sold furnished. With this property, you can invest without the issues that come with renting. Rental income guaranteed regardless of the residence occupancy rate. Invest and guaranteed yourself a tax-free income source, thanks to the LMNP (non-professional furnished renter) tax status. The LMNP (Non-professional Furnished Renter) is a tax law which allows an individual to establish property assets which guarantee constant revenue, under extremely favourable legal and tax conditions. Thanks to the LMNP, you can rent a house or apartment situated within a service' residence (such as a residence for tourists, business people, students or the elderly) with the guarantee that your future income stream from it will not be taxable. As well as allowing you to establish property assets, the LMNP allows you to establish a personal retirement fund, or a family emergency fund, since in the event of death or disfigurement, the mortgage insurance provider will reimburse your current loans, allowing your loved ones to benefit directly from the revenues coming from this property. Fully compliant with the legal statute on condominiums. Annual condominium charges (average annual sum share of the seller's provisional budget): 320 Click the blue MAKE ENQUIRY button and enter your details to receive more information about this property and to be put in touch directly with our local agent, Patrick Lalandre.

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