Affordable tenement house with 5 apartments in Mattersburg

Income property with 5 residential units and development potential in Mattersburg

Property description

An income property with five residential units in Mattersburg is offered for sale. The property was originally built around 1930 and is situated on a plot measuring approximately 327m². The living area is approximately 118.09m², and the usable area approximately 144.93m².

The property offers an interesting opportunity, particularly 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, creating additional income and development potential.

Overall, the building is in a condition appropriate to its age. Individual maintenance and modernization measures have been carried out over the years, although the exact dates are not known. The existing property is generally usable and rented out; at the same time, future owners should budget for modernization and refurbishment measures in the medium term in order to make the best possible use of the existing potential.

The vacant apartment (Unit 3) requires interior renovation in order to sustainably improve its rental potential. Future adaptations to refresh the general appearance of the building and to further increase its value would also be sensible.

Particularly noteworthy is the attractive purchase price in relation to classic income property investments. This makes the property ideally suited to investors looking to enter the real estate investment market and 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.

Additional basement areas are available for storage. Access is possible from two sides of the street.

Location

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

Travel times

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

Have we sparked your interest? Then request more details about this interesting property now.

We ask for your understanding that, due to the obligation to provide evidence to the owner, we can only process enquiries that include the complete address. The interested party is informed of the extended consumer protection regulations under the FAGG. We also point out that we are acting as a dual broker.