Investment apartment with ongoing rental income and development potential

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 approx. 327m². The living area is approx. 118.09m², and the usable area is approx. 144.93m².

The property represents an interesting opportunity, particularly for investors, as three apartments are already rented 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, while future owners should nevertheless 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 (Top 3) requires interior renovation in order to sustainably improve its rentability. Future adaptations to refresh the general appearance of the building and further increase its value are also advisable.

Particularly noteworthy is the attractive purchase price in relation to classic income-property investments. This makes the property ideally suited to 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.

Basement areas are additionally available for storage purposes. 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-connected location combines urban infrastructure with a high quality of life and enables quick access to Eisenstadt, Wiener Neustadt and Vienna. Convenient public transport connections are provided by the ÖBB railway station and numerous bus connections, supplemented by the proximity to the S31 expressway. Mattersburg offers diverse infrastructure including shopping centers, 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 proof to the owner, we can only process inquiries containing the complete address. The interested party is informed of the extended consumer protection guidelines pursuant to the FAGG. We also point out that we act as a dual broker.

Information as required by law:

• Heating demand:191.4 kWh/(m²a)
• Heating demand class:F
• Total energy efficiency factor:2.66
• Total energy efficiency factor class:E