Apartment building in Linz - renovated investment property with garden and expansion potential

This well-kept apartment building from the turn of the century is in a sought-after location near Bulgariplatz in Linz. The property impresses with its well-kept old building charm, spacious garden areas and attractive rental income and development potential.

Five of the six units and the basement were extensively renovated in 2015. Two apartments are currently let for an indefinite period. The spacious garden of approx. 270 m² and two balconies offer additional living comfort.

Of particular interest to investors: according to the development plan, there is potential to add up to 5 (+2) storeys. The target rent is around €45,000 per year, which results in a solid gross yield of around 4.5%.

Key data

• Property: 

• approx. 422 m² plot area

• approx. 270 m² garden area

• Living space: approx. 378 m²

• Number of units: 6 apartments
  - 2 of which are rented for an indefinite period
  - 5 units and basement refurbished (2015)
  Division:

  • Ground floor: Top 1: 33 m² | Top 2: 50 m²

  • First floor: Top 3: 100 m² with balcony

  • First floor: Top 4: 55 m² | Top 5: 45 m² with balcony

  • DG: Top 6: 95 m²

• Heating requirement (HWB ): n.a. (energy certificate has been commissioned and will be presented before the purchase contract)

• Facilities: garden, garage, bicycle parking, broadband internet

• Price: 999,900 EUR