Am Steindl: Tenement house with converted attic and garden apartment

Income property with 3 apartments and a beautiful view

A small income property with a converted attic and a nice, small garden is offered for sale. The building, originally constructed as a two-family house, was expanded to a total of 3 apartments with an attic conversion in 2011 and therefore comprises the following units:

• Top 1 (raised ground floor): 58 m² / living room, bedroom, kitchen, bathroom/WC / fixed-term tenancy agreement until Nov. 2032 / net base rent € 406,33
• Top 2 (garden apartment on the upper floor): 85 m² / living room, kitchen, 2 bedrooms, bathroom/WC + private garden / fixed-term tenancy agreement until Feb. 2030 / net base rent € 632,86
• Top 3 (attic apartment with balcony): 85 m², open-plan kitchen/living room, 2 bedrooms, bathroom/WC + balcony / fixed-term tenancy agreement until Oct. 2028 / net base rent € 683,11

Total usable floor area: 228 m³
Total rental income: € 1.722,30 per month (net base rent) = € 20.667,60,- per year.

All apartments are equipped with individual gas heating systems; on the ground floor there is a small cellar room, and there is a garden shed in the garden. The windows on the upper and attic floors offer a wonderful view over the city of Krems, across the Danube, as far as Göttweig.

Due to its proximity to the centre within walking distance, the property is also suitable for own use (after the fixed terms have expired).

The asking purchase price is € 650.000,-, which corresponds to a yield of 3,18% and a price per m² of € 2.850,-.

Further online services at www.kuttenberger-immo.at:

• Create a search agent
• Request sales advice
• Loan calculator & financing advice
• Value property online
• Sign up for the email newsletter

KUTTENBERGER IMMO has been awarded* four years in a row with the quality seals IMMO CHAMPION 2023, TOP IMMO EXPERTE 2024, TOP IMMO EXPERTE 2025 and TOP IMMO EXPERTE 2026! (*by Kurier and IMWF - Institute for Management and Economic Research)

We point out that there is a family or economic relationship between the broker and the third party to be brokered.

The broker is acting as a dual agent.