Note: Nearby are the Schönbrunn Palace complex and park.

Description

Income property in Austria (Vienna) with an apartment for the owner and tenants Land plot area: 763 m² Property area: 2,675 m² The building currently includes 26 apartments (47-150 m²), storage and commercial spaces (basement), and a garage. 56% of the property area (1,497 m²) is covered by indefinite lease agreements (15 tenants). 29.3% (782 m²) is covered by 8 lease agreements valid until 2021 and 2024. 14.7% (395 m²) is vacant (four apartments), ideal for the new owner and their family. The building was constructed in the early 20th century (Jugendstil style) and is in good condition, requiring no major renovation. Price: €9.35 million Annual rental income (net): €200,000, with full occupancy potential of €240,000. Yield: 2.1% Nearby are the Schönbrunn Palace complex and park. The area features lots of greenery and single-family homes. The terraces of this property offer a beautiful view of the Meidling district and Schönbrunn Palace. The metro station is about a 10-15 minute walk away. Within walking distance: shops, schools, banks, and post office. Convenient transportation access. Neutral photo available.