Multi-Family House in the Center of St. Michael

Attractive multi-family house in the heart of St. Michael im Lungau.

This modernized multi-family house is located in the best location directly in the center of St. Michael. The building was comprehensively renovated in 2023 and offers a total of four residential units. Three of the apartments have a living area of approximately 35 m² each, while the main apartment at approximately 165 m² is significantly larger.

Subject to agreement with the municipality, the main apartment could in the future possibly also be used for tourist purposes (no guarantee).

All apartments are currently rented, resulting in a stable rental income. The monthly revenues amount to three times € 660,- gross for the smaller apartments as well as € 1.100,- gross for the main apartment, for a total of € 3.080,- per month. Depending on the financing model, the loan installment can be largely covered by these income.

The location of the house is particularly attractive: In the immediate vicinity there are numerous ski resorts as well as shopping options, which are easily reachable on foot. A garage for a car can be rented in the immediate surroundings, currently for about € 70,- per month.

3 apartments of about 35 m² each (currently all rented)

1 main apartment of about 165 m² – potentially also usable for tourist purposes in the future (subject to agreement with the municipality, no guarantee)

Rental income (current occupancy):

• 3 x 35 m² apartments: € 660,- each
• 1 x 165 m² main apartment: € 1.100,-
• Total rental income: € 3.080,- per month

This property is suitable both as a value-stable investment and for owner-occupier use with additional rental income. A viewing is worthwhile!

Infrastructure / Distances

Health

• Doctor <500m
• Pharmacy <500m

Children & Schools

• School <500m
• Kindergarten <500m

Supplies

• Supermarket <500m
• Bakery <500m
• Shopping center <5.500m

Other

• ATM <500m
• Bank <500m
• Post <500m
• Police <500m

Transport

• Bus <500m
• Highway access <2.500m
• Train station <5.500m
• Airport <6.000m

Straight-line distance information / Source: OpenStreetMap