Duplex Apartment in Kotor Old Town

Unlock the Potential of Kotor Old Town

Nestled in the heart of Montenegro, Kotor Old Town stands as a testament to centuries of history and culture. With its cobblestone streets, stunning medieval architecture, and breathtaking views of the Adriatic Sea, this locale offers not just a home but a lifestyle. The duplex apartment for sale in this picturesque setting is an opportunity that combines charm, comfort, and a unique investment prospect.

A Perfect Blend of Modern Comfort and Historic Charm

The duplex apartment is a sanctuary of elegance, offering 88 m² of well-appointed living space that caters to both relaxation and entertainment. The first level greets you with a spacious living area, ideal for unwinding after exploring the vibrant streets of Kotor. A fully equipped kitchen meets all culinary needs, allowing you to create traditional Montenegrin dishes to share with family and friends. The modern bathroom adds to the convenience, ensuring that both guests and residents can enjoy their time in comfort.

Venture up to the upper level, where two cozy bedrooms provide a peaceful retreat. Here, the additional kitchen area adds versatility—perfect for families or for hosting visitors. Every detail of this apartment reflects the enchanting spirit of Kotor, making it a truly unique living space.

A Vibrant Community and Unmatched Attractions

Kotor Old Town is not only known for its beauty but also for its thriving community. The surrounding area boasts an array of points of interest that enhance the quality of life for residents and visitors alike. From quaint cafes and rustic taverns to historical landmarks such as the impressive St. Tryphon Cathedral, each corner of the Old Town invites exploration.

Investors will appreciate the proximity to local markets, art galleries, and cultural events that celebrate the rich heritage of Montenegro. Outdoor enthusiasts can take full advantage of nearby hiking trails and beautiful beaches, making Kotor a hub for both relaxation and adventure.

Robust Investment Lifestyle

Investing in real estate within Kotor Old Town is not merely a purchase; it’s acquiring a slice of an evolving market that promises growth. The ever-increasing tourist interest has bolstered the rental market, creating a demand for well-situated properties. This duplex apartment, priced below the market average at 3 409€ per square meter, stands out as a rare find. A wise investor will recognize the dual benefits of a delightful living space and a robust rental opportunity.

Understanding Your Return on Investment

The financial analysis of this duplex apartment demonstrates a solid investment with substantial rental yield potential. With careful management, the property can generate impressive income, which is especially appealing for savvy investors. The estimated rental income during the bustling summer months could reach 1 200€/month, equating to 14 400€ annually. Even during the off-peak season, potential rental earnings can add another 7 200€, bringing the total potential annual income to 21 600€.

ROI Calculation:

When taking the total estimated annual income and comparing it to the purchase price of 330 000€, the returns become clear.

Calculation: (21 600€ / 330 000€) * 100 = 7.2% ROI.

This ROI not only highlights the financial advantages of this investment, but it also underscores the lifestyle benefits that come with living in this historic gem.

Conclusion: A Wise Investment Choice

In conclusion, this duplex apartment in Kotor Old Town is more than just a property; it is a gateway to a vibrant lifestyle and a promising investment. With its enchanting location, rich cultural tapestry, and phenomenal rental potential, this unique offering is an exceptional opportunity for investors seeking to capitalize on the beauty and charm of Montenegro. Embrace the future by investing today!