Rented 3-room condominium in Krems – investment with long-term tenant

Well-laid-out 3-room condominium on the 3rd floor of a residential complex in a quiet location in Krems an der Donau. Around 69 m² comprises 3 rooms, a kitchen, an entrance hall, a bathroom and a WC; the apartment also includes its own cellar compartment. Heating is provided by an individual gas heating system.

The building underwent thermal renovation with full thermal insulation in 2014, and the windows were replaced at the same time; the result is reflected in the good energy rating (HWB 49.2 kWh/m²a, Class B). The complex includes generous green spaces, residents’ cellars and a laundry room.

The apartment has been rented to the same tenant for years—a solid investment with stable rental income. The tenant currently pays € 990,- per month, including operating costs (excluding electricity and gas). The property management’s ongoing monthly charge to the owner is € 379,- and includes operating costs (around € 179,-), the repair reserve, management fees and the proportional financing of the renovation. The buyer assumes the existing tenancy.

Purchase price: € 229.000,-
Living area approx. 69 m² · 3 rooms · 3rd floor · Year built 1971, completely renovated in 2014

Please note that there is a family or business relationship between the agent and the third party being represented.

The agent is acting as a dual agent.