Income generating multi family house with development potential

Interest-bearing house with 5 residential units and development potential in Mattersburg

Object description

A multi-family house with five residential units in Mattersburg is offered for sale. The property was originally built around 1930 and is located on a plot measuring approx. 327m². The living area is approx. 118.09m², the usable area approx. 144.93m².

The property offers an interesting opportunity especially for investors, as three apartments are already rented out and generate ongoing rental income. At the same time, two residential units are currently still vacant, providing additional income and development potential. The building is overall in an age-appropriate condition. Over the years, individual maintenance and modernization measures have been carried out, although the exact dates are not known. The existing condition is generally usable and rented, but future owners should calculate medium-term modernization and refreshment measures in order to make the best possible use of the existing potential. The vacant apartment (Top 3) requires interior renovation to sustainably improve its lettability. Future adaptations to refresh the general building appearance and to further increase value are also advisable.

Particularly noteworthy is the attractive purchase price in relation to classic multi-family investments. The property is therefore excellently suited for investors seeking entry into the real estate investment market and wishing to acquire a manageable investment with development opportunities.

The combination of ongoing rental income, vacancy reserves and a comparatively moderate investment volume makes this property particularly interesting for beginners and private investors. In addition, basement areas are available as storage options. Access is possible from two street sides.

Location

Mattersburg is a town with around 7,200 inhabitants and is located in central Burgenland. The well-developed location combines urban infrastructure with a high quality of life and enables quick accessibility to Eisenstadt, Wiener Neustadt and Vienna. Comfortable public transport connections are provided by the ÖBB station as well as numerous bus connections, supplemented by proximity to the S31 expressway. Mattersburg offers a diverse infrastructure with shopping centers, schools, kindergartens and medical care. Numerous leisure opportunities such as the outdoor pool, sports facilities, cycling and walking paths as well as regular events make the place particularly attractive.

Driving times

• Neusiedl am See: approx. 48 minutes
• Eisenstadt: approx. 16Minuten
• City limits Vienna: approx. 45 minutes
• Wiener Neustadt: approx. 22 minutes
• Vienna Airport: approx. 50 minutes

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We ask for your understanding that due to our obligation to provide proof to the owner, we can only process inquiries with complete address details. The interested party is informed of the extended guidelines of consumer protection within the meaning of the FAGG. Furthermore, we point out that we are acting as dual agents.Angaben gemäß gesetzlichem Erfordernis: Heizwärmebedarf:191.4 kWh/(m²a)Klasse Heizwärmebedarf:FFaktor Gesamtenergieeffizienz:2.66Klasse Faktor Gesamtenergieeffizienz:E