Income building with 6 residential units and expansion potential in Kirchschlag – 1.060 m² building land – € 295.000,–

Income property with 6 residential units and expansion potential

Investment property with an optional building plot in Kirchschlag in der Buckligen Welt

Property data

• Feature: Description
• Property type: Income property / investment property
• Year built: approx. 1900, exact year of construction unknown
• Plot at the house: 1,060 m²
• Additional plot: 1,266 m², optionally purchasable
• Building area: approx. 248 m²
• Total living space: approx. 329 m²
• Residential units: 6 existing units
• Expansion reserve: Additional unfinished attic space
• Heating: Oil central heating, partially wood heating
• Basement: approx. 70% basement
• Parking spaces: 5 after completion of the outdoor facilities
• Purchase price: € 295,000.–

Property description

An income property with six residential units in Kirchschlag in der Buckligen Welt is offered for sale.

The building, originally constructed around 1900, has a total living space of approximately 329 m² and is situated on a 1,060 m² plot.

The house has been partially renovated and modernized over the years. Some apartments are rented, while others are available for renovation, owner-occupation or reletting.

The attic offers particular potential. In addition to the existing attic apartment requiring complete renovation, there is another currently undeveloped unfinished attic space which, subject to building authority approvals, could be suitable for creating an additional residential unit.

This means that the property offers a long-term perspective of up to seven residential units.

Apartments in detail

TOP 1 – 53.81 m²

• Renovated in 2006
• Rented for a fixed term until 31.12.2028
• Net rent: € 445 per month
• Operating costs: € 106 per month
• Heating advance payment: € 65 per month
• Total monthly charge: € 616 per month

TOP 2 – 51.73 m²

• Occupied by the same tenant for around 30 years
• Unlimited rental agreement
• No significant renovations since the beginning of the long-term tenancy
• Oil central heating, additionally wood-burning stove
• Net rent: € 449 per month
• Operating costs: € 102 per month
• Heating advance payment: € 11 per month
• Total monthly charge: € 562 per month

TOP 3 – 36 m²

• Currently not rented
• Apartment completely stripped out
• Shell construction condition
• Complete renovation already begun but not completed

TOP 4 – 57 m²

• Last more extensive renovations in 2008
• Kitchen renewed in 2024
• Rented for a fixed term until 31.12.2026
• Net rent: € 453 per month
• Operating costs: € 113 per month
• Heating advance payment: € 110 per month
• Total monthly charge: € 676 per month

TOP 5 – 85 m²

• Renovated in 2002
• Wood-fired floor heating
• According to the information provided, the tenancy ended on 31.07.2026
• Currently not rented
• Most recently achieved net rent: € 610 per month
• Most recently charged operating costs: € 167 per month
• No heating advance payment

This apartment offers the possibility of reletting after reviewing its current condition and the legal framework.

TOP 6 – approx. 45 m²

• Located in the attic
• Currently not rented
• No completed kitchen and no bathroom
• Complete renovation required
• Attic area to be fundamentally redeveloped

Additional unfinished attic space

Next to TOP 6, there is another currently undeveloped attic area.

Subject to the technical and building authority requirements, there is the possibility of creating an additional apartment here. The possible usable floor area has yet to be determined.

Rental income and income potential

• Apartment: Current net rent per month
• TOP 1: € 445
• TOP 2: € 449
• TOP 3: Vacant
• TOP 4: € 453
• TOP 5: Vacant
• TOP 6: Vacant
• Total current: € 1,347

Current annual net rental income: € 16,164.–

If TOP 5 were additionally rented at the previous net rent of € 610 per month, the calculated annual net rental income would increase to € 23,484.

Additional income opportunities arise from completing and renting TOP 3 and TOP 6, as well as from a possible expansion of the further unfinished attic space.

All income potential depends on renovation costs, the legal framework and achievable market rents.

Plot and expansion options

The purchase price of € 295,000.– includes the income property and the associated 1,060 m² plot.

A second adjoining plot with approx 1,300 m² of building land can optionally be purchased under a separate agreement.

According to the land register, the total area of both plots is 2,326 m².

Technical equipment and renovation requirements

The building is predominantly heated by an oil central heating system. According to the information available, connection to a local district heating network is generally possible.

Approximately 70% of the building has a basement.

The following work is still required or must be reviewed:

• Completion of the complete renovation of TOP 3
• Complete renovation and expansion of TOP 6
• Technical and building law review of the additional attic expansion
• Adjustment of the non-compliant combustible façade insulation on one narrow side of the building
• Further maintenance measures in accordance with the age of the building

Investment opportunity

The property offers various options for future development:

• Continuation of the existing rentals
• Renovation and reletting of vacant apartments
• Expansion of the attic
• Possible creation of a seventh residential unit
• Optional purchase of the additional building plot

Purchase price

€ 295,000.– for the income property including the 1,060 m² plot.

The second building plot measuring 1,266 m² is available optionally and is not included in the purchase price.

Viewings and further information by arrangement.

All information is based on information provided by the owner. The exact year of construction is unknown. Some area figures are rounded or estimated. Expansion and development options must be reviewed by the authorities. The stated net rents do not include operating costs or heating advance payments. Errors, changes and prior sale reserved.

The agent is acting as a dual agent.