An investment property in a student residence with an annual income of €2,889.90 before taxes and a 4.34 % return in Calvisson

An investment property in a student residence with an annual income of €2,889.90 before taxes and a 4.34 % return in Calvisson The Club Odalys Le Mas des Vignes residence is ideally located, in the heart of the Garriguem close to Nimes and Montpellier, and just 30 minutes from the beach at Camargues. The residence boasts numerous features, including two swimming pools (one heated, the other covered), a sports pitch and outdoor parking. This is a two bedroom apartment with a total area of 40sqm, comprising: living room with open kitchen, two bedrooms and a wash room with toilet. There is also a private 19.80 sqm garden. 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 guarantee 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. Number of lots.: 1. Annual condominium charges (average annual sum share of the seller’s provisional budget): €244.90 /p.a. Sextant France – Anna-Caroline Thibout – More information on www.lecoindulmnp.fr ref. 6882 To receive more information about this property and to be put in touch directly with our local agent, Paul Delamotte 07 85 51 21 73, please fill in the form below.