In a desirable location in the 3rd district of Vienna, just a stone's throw away from the charming Rabenhof Theater, this classic apartment building presents a true opportunity for forward-thinking investors.
The building impresses with its solid construction and offers a total of 16 units with around 1,022 m² of usable space, providing an attractive foundation for sustainable value enhancement. A portion of the apartments – 6 units totaling 376.27 m² – is currently rented on a temporary basis, thereby offering exciting development potential in the medium term.
The top floor is still waiting as a raw roof space for creative ideas – additional living space with urban flair could be created here.
Currently, the net rental income amounts to around € 70,852 annually, which means the property is already generating stable returns.
A lift is currently not available, which however allows future investors freedom in designing possible expansion or modernization concepts.
This apartment building combines old-town charm, an excellent location, and development opportunities – a rare combination that is worthwhile for both property owners and project developers.