Discover an outstanding opportunity to own a piece of Parisian real estate with proven rental income. This 430 sq ft (40 m²) property, located in the heart of Paris’ 2nd arrondissement is both an ideal investment for those looking to capitalize on Paris’s robust tourism industry and the perfect home base to explore Paris.
Key Features:
- Recently renovated and turnkey with all furniture included
- Spacious entrance, living room, semi-open eat-in kitchen, comfortable bedroom and a stylish bathroom
- Ground floor with bedroom facing the courtyard
- The door is equipped with a connected entry code system, no key needed
Location Highlights:
- Ideally located in the 2nd arrondissement, between the Montorgueil district and Grands Boulevards
- Walking distance to world-class shopping, dining, and entertainment options
- Easy access to multiple metro lines, connecting you to all of Paris
This property has been thoughtfully designed with a renovated eat-in kitchen that is partially open to a living area with exposed brick and hardwood floors. The bedroom is spacious and inviting with ample built-in storage, and the bathroom is modern with a glass-enclosed shower.
This turn-key property presents an unparalleled opportunity for the savvy investor looking for a proven short term rental property in the heart of Paris. The apartment’s current configuration as a stylish short-term rental accommodation has proven successful over the past two years, offering immediate income potential. It offers an impressive estimated annual revenue of €54,000 (net of rental management fees). Based on the total purchase price of €678,000 (all-inclusive of notaire fees, taxes, commissions, and furnishing), the return on investment is a remarkable 7.11% annual triple-net yield.
The strategic location in the 2nd arrondissement puts you and your rental guests at the center of Parisian life, with easy access to major attractions, shopping districts, and transportation hubs. This prime positioning ensures high occupancy rates and attractive rental returns.
The Notre Dame de Recouvrance apartment is a profitable and strategically located property in one of Paris’s most distinguished areas, that combines the allure of a historic location with the security of established rental income and the potential for future appreciation.
Are short term rentals allowed in Paris?
The right to rent a Paris property short term is very strictly controlled by city urban planning authorities and has been severely curtailed over the last ten years. The general rule is that short-term rentals of up to a total of 120 days are allowed on any person’s primary residence. Otherwise, the property must have received a special designation from the city of Paris to be allowed to rent out furnished short term. These designations are no longer being given out; so if a property has not had the short term rental permit, until now, it will not be getting one in the future. What’s more, enforcement in Paris is a serious affair: conviction on unlawful short-term rentals carries a fine of up to €50,000. Conflicts with neighbors and the possibility that one could denounce what they think is your illegal rental activity is simply too much uncertainty to make sense for most Paris buyers. Instead, furnished rentals of one-month or more – bail mobilité leases – that were originally destined for students or visiting executives or professors are legal, are an alternative way for a foreign investor to reap income from the property to offset expenses, but the income earned is no match for Airbnb-style rental income.
To learn about the current landscape of Paris short-term rentals and other opportunities for earning income on your Paris property, read more on our blog.
Are Short-Term Rentals Legal in Paris?
The Easy Answer: Yes, If You Find the Right Apartment.