Income property with 6 apartments in Wels – around 5% net yield

For sale is a residential complex with a total of 6 residential units in Wels consisting of one building. (kein Sanierungstau!!)

The property offers investors the opportunity to invest in affordable housing in an economically strong region of Upper Austria. Due to already completed re-lettings and ongoing rent adjustments, a projected annual net rent of around EUR 63.807,50 results.

There are no minutes of owners' meetings available because the property has so far had only one owner and therefore no owners' meetings have been held.

Highlights:

• • 6 residential units and 6 parking spaces

• Location Wels, year of construction 1991

• • Completed renovation measures
• • Already completed re-lettings
• • Projected annual net rent approx. EUR 62.544,00
• • Around 5 % net yield
• • Attractive apartment sizes
• • High demand for affordable housing

The current rental situation is constantly changing due to the return of individual units and their re-letting at current market rents. Initial rent adjustments and re-lettings have already been successfully implemented.

Further documents and detailed information are available on request.

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