24 Apartments at 217k each, but must be sold together. Sounds like r/Ireland needs to buy a block of flats together.
24 Apartments at 217k each, but must be sold together. Sounds like r/Ireland needs to buy a block of flats together.
14 comments
I wouldn’t want to live anywhere near you people.
I’m sure the feeling is mutual.
>Combined Current Rental Income of €516,300 per annum and offered with Tenants in Situ.
We’re already milking the tenants so much they pay for the whole building every 11 years.
>The apartments have a current gross yield of 9% but with considerable potential for increase.
You could probably milk them even harder because of the housing crisis.
Sure if we all throw in a tenner we’d have it!
or burn a block of flats, call it a lesson from the eh voters
Think of the smell, you haven’t thought of the smell.
Coop ?
I’d really wonder why they are being sold now. Is owner anticipating a crash and getting out while they can or is there a problem with them.
This is one of the most flagrant posts I’ve ever seen on daft in regard to taking advantage of the housing crisis and treating housing as an investment opportunity as opposed to a basic need.
In Bally-Fucking-mun?
My mortgage application has being denied because property was 250x my salary
Could be a great buy to let opportunity 🤣
It was likely bought during the capital gains window. I think that it is hitting the point where investors can sell them on without paying tax on the surplus. That and unless you are a vulture fund there is no point in trying to be a landlord in Ireland.
My wife and I viewed an apartment in one of these blocks a few years ago and they were a bit grim. Not sure was it this exact one but they’re all the same. The photos didn’t match the apartment we saw at all and the estate agent admitted that they threw up the same photos for every apartment, regardless of what state they were in. So these photos are probably the “best” of what’s there.
They had massive issues with leaking windows, which were supposedly getting resolved “in the next few months” but we didn’t move on so I couldn’t say if that got done or not. The whole place seemed pretty damp. I wouldn’t be surprised if they need a fair bit of work done.
Not a bad a idea.