Refurbished Gründerzeit Anlegerwohnung near park

Perfectly suited as an investment property AND for the sale of condominium ownership.

This apartment building is located on Erlachgasse. Thanks to the comprehensive renovation and attic conversion carried out in 2004-2006, the common areas as well as the building's 18 apartments and 2 parking spaces are predominantly in a well-maintained, modern condition.

Highlights:

• Gründerzeit-era building on a corner lot
• Heating and hot water supply in the Category A units via district heating
• Elevator available
• Category A units renovated in 2006, except for 2 Category D units (90,44 m²)
• Price per square meter approx. € 2.250,-
• Potential gross initial yield of 5% (equivalent to € 8.600,- per month at full occupancy)
• Residential usable area approx. 912 m² + approx. 50 m² of outdoor space
• of which approx. 342 m² are on the converted 4th floor and in the attic
• 10 vacant units, 6 indefinite rental contracts, 2 fixed-term contracts (2027)

Location highlights:

• Green spaces & recreation: Waldmüllerpark right nearby
• Public transport: Tram lines 1, 6, 11 and 18 and bus line 14A within walking distance - quick access to the city center
• Local atmosphere: Lively neighborhood, perfect local amenities and a diverse range of offerings

The minimum purchase price for this apartment building in an excellent location is Euro 2.060.000,-. The transaction will be completed as an asset deal.