Kauno m. sav., Senamiestis, Šv. Gertrūdos g.

About this property

A unique opportunity to purchase a fully renovated apartment in the very heart of Kaunas, which is already generating approximately €40,000 in annual income from short-term rentals.

Šv. Gertrūdos Street is one of the most attractive places to live or invest in Kaunas. Just step outside the door and you’ll find yourself on Laisvės Alley, in the Old Town, at Rotušės Square, near Kaunas Castle, as well as restaurants, cafes, shops, fitness centers, and all the services you need for daily life. It’s a place where a car often becomes simply unnecessary.

The apartment underwent a major renovation in 2019, so the new owners won’t have to worry about additional investments. Currently, the property is successfully used for short-term rentals and generates approximately €40,000 in annual income, making it an excellent choice for those seeking a ready-to-go investment.

The current layout allows for as many as 5 separate bedrooms, a spacious living area, and 2 bathrooms, making the apartment ideally suited for both short-term and long-term room rentals. If desired, the layout can be adapted to individual needs to create a spacious family home, as the interior walls are not load-bearing.

The apartment features a functioning sauna, a balcony, and ceilings as high as 3.42 m, which provide an even greater sense of space and a unique character. The property is being sold with all the furniture, appliances, and fixtures shown in the photos, so the new owners can immediately continue renting it out or move in without any additional hassle.

Comfort is ensured by individual gas heating. The heating system is designed so that the radiators are fed through the floor, and the floors themselves are additionally insulated with an air gap. As a result, heating costs remain exceptionally low—during the coldest winter month, gas costs less than €70, and total costs for the entire heating season amount to just around €150–200.

A storage shed in the courtyard adds extra value; it can be renovated and used according to your needs. A new property file has also been prepared, and there is usually convenient parking available near the building.

ADVANTAGES
• Strategically convenient location in the very center of Kaunas;
• Currently generates approximately €40,000 in annual income from short-term rentals;
• Major renovation completed in 2019;
• As many as 5 fully furnished bedrooms;
• Possibility to customize the floor plan to suit individual needs;
• 2 bathrooms;
• A functioning sauna;
• Individual gas heating;
• Extremely low heating costs;
• High ceilings—up to 3.42 m;
• Balcony;
• Sold fully furnished with all appliances;
• PVC windows;
• Storage shed in the yard;
• Well-maintained stairwell.

GENERAL INFORMATION
• Area – 96.59 sq. m;
• Number of rooms – 5;
• Floor – 2/3;
• Year built – 1923;
• Building type – brick;
• Heating – individual gas heating;
• Ceiling height – 3.42 m;
• Balcony;
• 2 bathrooms;
• Sauna.

LOCATION AND INFRASTRUCTURE
• A few minutes’ walk to Laisvės Alley;
• Near Rotušės Square and Kaunas Old Town;
• Kaunas Castle is easily accessible;
• Plenty of restaurants, cafes, and shops nearby;
• Sports clubs, medical facilities, and educational institutions nearby;
• Excellent transportation links to all districts of Kaunas;
• All major city attractions are within walking distance.