Investment property with potential – Property at the foot of the Rax

An interesting investment opportunity in the heart of the beautiful Rax region – with existing rental income, established short-term rentals and additional development opportunities.

This versatile multi-unit residential building is for sale in an idyllic location in Prein an der Rax, right at the foot of the impressive Rax massif and not far from the culturally renowned town of Reichenau an der Rax.

The property offers an interesting combination of existing tenancies, short-term rentals that are already organized, and additional available residential units. This gives future owners a wide range of options for continuing to operate the property in line with their own ideas and investment goals.

Existing rentals – different usage options

The multi-unit residential building has a total of eight residential units, which are currently used in different ways.

Three apartments are rented long-term, providing a basis for ongoing rental income.

Another three apartments are successfully offered as short-term rentals. An established system is already in place, making the ongoing care of holiday guests considerably easier.

The existing on-site arrangement is particularly interesting: a tenant who lives in the building currently looks after the guests. This includes, among other things, welcoming guests, handing over keys, cleaning the apartments and carrying out other tasks related to the short-term rentals.

The booking platforms are currently managed by the owners. If the future owner does not wish to take on this task personally, we would be happy to help find a suitable solution for the ongoing management and organization.

An organizational foundation is therefore already in place, allowing the short-term rentals to continue.

Two additional apartments with their own garden area

In addition to the existing residential units, the extension of the house contains two further apartments, each with its own small garden area.

One of these apartments will be rented long-term from November 1, thus providing regular rental income in the future.

The second residential unit is currently available and offers the future owner additional usage options.

Whether through conventional long-term rentals or integration into the existing short-term rental operation, the property offers interesting opportunities to combine different rental concepts.

If needed, we would also be happy to help the future owner find suitable long-term tenants.

Location – living and holidaying at the foot of the Rax

Prein an der Rax is located in a particularly scenic region of Lower Austria and is especially popular with nature lovers, hikers and people seeking relaxation.

The immediate proximity to the Rax and the many opportunities for outdoor recreation make the area attractive both to holiday guests and to people who would like to live permanently in peaceful, natural surroundings.

The neighboring town of Reichenau an der Rax is known for its cultural significance and long tradition as a holiday destination.

Important everyday amenities are also located there, including supermarkets, bakeries, a bank, a tobacconist, as well as medical services and pharmacies.

The combination of nature, recreational appeal and existing infrastructure makes this location particularly attractive.

Building condition and previous renovations

The building was originally used as an inn with guest rooms and was converted into a multi-unit residential building over time.

According to the owners, the property is currently in solid and good overall condition.

Improvements and renovation work have been carried out on an ongoing basis in recent years.

In particular, the apartments used for short-term rentals have been regularly maintained and renovated.

More extensive renovation work was also carried out around ten years ago. This included, among other things, renovating bathrooms, replacing some windows, renovating apartments and replacing utility lines.

Another advantage of the property is its private parking area, which provides ample parking for residents and holiday guests.

The house also has its own garden, which further enhances the appeal of the property.

One property – many possibilities

What makes this investment property particularly interesting is the flexibility it offers for future use.

The existing long-term tenancies, organized short-term rentals and two currently vacant apartments allow for different strategies.

Whether you wish to continue the existing rental structure, expand the share of short-term rentals or focus on conventional apartment rentals in the long term, this multi-unit residential building offers various ways to shape the property according to your preferences.

The existing infrastructure for holiday rentals and ongoing tenancies provide an interesting starting point.

There is a private parking area directly opposite the house, with enough space for a total of eight cars.

Further information and viewings

If you are interested in learning more, we would be happy to provide you with further documents.

These include, in particular, information on the existing tenancies, current rental income and detailed insights into the past occupancy of the short-term rentals.

We would, of course, also be happy to answer any questions about the property and arrange a personal viewing appointment.

See for yourself the many possibilities offered by this investment property in the beautiful Rax region.