Gründerzeit building / corner tenement in excellent location in 1050 Vienna

For sale is a well maintained Zinshaus from the Gründerzeit in the 5th Viennese municipal district.

The building was constructed around the year 1900 and presents itself in a good overall condition.

• It comprises a total of 34 residential units.
• Of these, 8 units are rented without time limit and 26 units are rented for a limited term.
• All apartments have at least category C; substandard apartments are not present.

The apartments are not parifiziert; it is simple co-ownership.

The property is not listed as a historic monument and is located outside a protected zone.

An attic conversion as well as the installation of an elevator are possible.

The current net rental income amounts to € 8.942,- per month.

The actual rent amounts to € 107.304,- net per year.

This results in a net yield of 2,63 %.

This Zinshaus represents an interesting investment opportunity in one of the most sought-after locations of the 5th Viennese municipal district.

The combination of solid building fabric, attractive location and stable return makes the property particularly interesting for long-term oriented investors.