Attractive Income House with approx. 6% Yield and Development Potential in the Center of Ried

Apartment building with approx. 6 % return in a central location in Ried

Attractive existing investment with ongoing rental income and expansion potential

In an attractive location close to the centre of Ried im Innkreis, this well-maintained apartment building offers an interesting opportunity for investors seeking ongoing income, existing residential substance and long-term wealth accumulation.

The property at Bahnhofstraße 64 comprises five residential units with a total of approx. 435 m² of living space as well as an approx. 80 m² garage with three parking spaces. Together, this results in a rentable area of approx. 515 m². In addition, four further parking spaces for cars are available in front of the garage.

Particularly interesting for investors: Current rental income amounts to € 54.851 per year, resulting in a return of approx. 6 % at a purchase price of € 921.000.

In addition, an extension or expansion above the garage with 2 small apartments would still be possible. Plans are already available!

The highlights at a glance

• 5 residential units
• Approx. 515 m² rentable area
• Rental income of € 54.851 per year
• Approx. 6 % return
• Purchase price € 921.000
• Existing building continuously renovated
• Roof and two attic apartments newly built in 2016
• Central district heating system
• Two apartments with spacious balcony
• Ground-floor apartment with private garden
• Approx. 80 m² garage with 3 parking spaces
• 7 parking spaces for cars in total
• Attractive central location in Ried im Innkreis
• Remaining useful life assessment for tax purposes with 4.17 % AfA, according to the owner, available

The specific tax usability of the remaining useful life assessment must be examined individually with the respective tax adviser.

Solid substance with an attractive apartment structure

The building has been continuously renovated over the years. A significant upgrade took place in 2016 with the renovation of the roof and the construction of two apartments in the attic.

The individual units have a good standard of fittings. Living rooms and bedrooms are predominantly fitted with parquet or laminate, and the bathrooms are tiled. The entire building is centrally heated by district heating.

With different apartment sizes ranging from approx. 43 m² to approx. 121 m², the building appeals to various tenant groups and thus offers an attractive basis for long-term letting.

Living centrally in Ried im Innkreis

The location combines good access to the city centre with an established residential environment. The town centre, the Weberzeile and numerous facilities for everyday needs can be reached within a few minutes on foot or by bicycle.

The city park is also practically on the doorstep. The railway station, local amenities, restaurants, doctors, pharmacy, fitness studio and further infrastructure can be reached quickly. The combination of centrality, infrastructure and local recreation creates good conditions for a sustainably attractive residential location and therefore also for letting.

Conclusion

An interesting apartment building for investors who wish to combine ongoing income with a long-term-oriented property investment.

Five residential units, approx. 515 m² of rentable area, ongoing investment in the building substance and a return of approx. 6 % make this property an exciting investment opportunity in the heart of the Innviertel region.

Infrastructure / Distances

• Health
  • Doctor <400m
  • Pharmacy <550m
  • Clinic <500m
  • Hospital <875m
• Children & schools
  • School <200m
  • Kindergarten <625m
  • Secondary school <475m
• Local amenities
  • Supermarket <400m
  • Bakery <475m
  • Shopping centre <450m
• Other
  • Bank <550m
  • ATM <625m
  • Police <175m
  • Post office <750m
• Transport
  • Bus <150m
  • Railway station <325m
  • Motorway access <5.500m

Distances as the crow flies / source: OpenStreetMap

Further detailed information can be found in the exposé provided.

If you are interested, we will be happy to arrange a non-binding consultation appointment with you.

Contact person
Lukas Gabriel BSc.
+43 664 1049 381
[email protected]

We look forward to hearing from you.