**Neu** Attraktives Wohnungspaket Mit 4 Einheiten Und Entwicklungspotenzial — 1200 Wien, Pasettistra

Interesting investment package consisting of four temporarily rented apartments with a total usable area of approx. 167 m² at Pasettistraße 24 in the 20th district of Vienna.

An attractive apartment package is for sale, consisting of four residential units in a Viennese residential building. The apartments are located on the mezzanine and the first floor with elevator and offer an interesting combination of ongoing rental income, long-term appreciation potential, and flexible future usage options.

Three of the four apartments, Top 4, Top 5, and Top 6, are on the same level in the mezzanine. Due to their immediate spatial proximity, there is basically an interesting possibility to combine these units if needed, creating a larger, contiguous living space. Such a conversion would be possible after technical and building law review and subject to the necessary approvals.

The fourth apartment, Top 12, is located on the first floor with elevator and complements the package with another compact unit.

The apartments are in good, well-maintained used condition. They were renovated and appropriately equipped about 15 years ago. They feature parquet floors in the living areas, tiles in the wet rooms, plastic windows, and fitted kitchens. The existing layouts allow practical use of the living spaces and provide good conditions for sustainable rental potential.

The apartment package includes different apartment sizes from approx. 33 m² to approx. 68 m², targeting especially the popular tenant groups in the Vienna rental market: singles, couples, and smaller households.

All four apartments are currently rented on a temporary basis, allowing immediate rental income from acquisition. The leases expire staggered between December 2027 and April 2029 according to available information. This offers future owners various perspectives regarding continued rental, possible repositioning, or later utilization of individual units, each considering applicable tenancy laws.

Particularly noteworthy is the combination of four independent units, existing rental income, and the potential to combine the three mezzanine apartments.

This package is especially suitable for investors seeking a rented residential property with long-term development opportunities in Vienna.

Overview of units and rental income:

The apartment package includes four independent units with a total usable area of approx. 167 m². All apartments are currently temporarily rented.

- Top 4: 33 m², Mezzanine, Gross rent/month: €450.00, Operating costs gross/month: €146.00
- Top 5: 33 m², Mezzanine, Gross rent/month: €580.00, Operating costs gross/month: €148.00
- Top 6: 68 m², Mezzanine, Gross rent/month: €820.00, Operating costs gross/month: €305.00
- Top 12: 33 m², 1st floor with elevator, Gross rent/month: €500.00, Operating costs gross/month: €175.00

Total: 167 m², Gross rent/month: €2,350.00, Operating costs gross/month: €774.00

After deducting the stated gross operating costs, the current calculated monthly rental income is €1,576.00, corresponding to €18,912.00 annually. This equals an average of about €9.44 per m² per month.

The stated amounts are calculated values based on the available rental overview. A final income calculation should be made based on the respective rental contracts and operating cost statements.

Purchase price overview:

The individual apartments are valued based on the following purchase price expectations:

- Top 4: 33 m², €3,850.00/m², Purchase price: €127,050.00
- Top 5: 33 m², €4,250.00/m², Purchase price: €140,250.00
- Top 6: 68 m², €4,250.00/m², Purchase price: €289,000.00
- Top 12: 33 m², €4,250.00/m², Purchase price: €140,250.00

Total: 167 m², Purchase price: €696,550.00

Total purchase price for the apartment package: €696,550.00

The average purchase price is about €4,171 per m².

Based on the calculated annual rental income after deducting the stated gross operating costs, the initial yield is approximately 2.72% p.a. relative to the total purchase price, before further unconsidered expenses, taxes, and acquisition costs.

Lease contract expirations:

The existing leases have the following agreed expiration dates:

- Top 4: August 2028
- Top 5: December 2027
- Top 6: April 30, 2029
- Top 12: August 2028

Due to the staggered lease expirations, future owners have phased perspectives for further management. Actual availability depends on existing contracts and applicable legal provisions.

Features at a glance:

- Four independent residential units totaling approx. 167 m²
- Three apartments in the mezzanine, one on the first floor with elevator
- Good, well-maintained used condition
- Renovations about 15 years ago
- Parquet floors in living rooms
- Tiled sanitary areas
- Apartments equipped with kitchens
- Plastic windows
- All units temporarily rented
- Existing ongoing rental income
- Potential to combine Top 4, 5, and 6
- Different apartment sizes with flexible future utilization options

Special investment potential:

Besides ongoing rental income, this apartment package impresses especially with its long-term flexibility.

The manageable apartment sizes allow targeted appeal to different tenant groups. At the same time, the immediate location of the three mezzanine apartments next to each other offers an interesting prospect for possible future layout optimization or combination.

The staggered lease expirations provide gradually new opportunities for future management and positioning of the individual apartments.

An interesting investment for buyers who value existing rental income, a compact apartment structure, and additional development perspectives.

Please note that there is a familial or economic close relationship between the broker and the third party to be brokered.
The broker acts as a dual agent.

The apartment package is located in the popular Pasettistraße in the 20th district of Vienna (Brigittenau), an area that combines urban living with peaceful recreation. Within minutes, you can reach the Danube and the Augarten, both offering inviting green spaces and leisure opportunities.

Public transport connection:
The public transport connection is excellent:

- Tram lines: Just a few steps away are stops for lines 2 and 31, which quickly take you to the city center.
- Subway: The U6 station ”Dresdnerstraße” and the U4 station ”Friedensbrücke” are also easily accessible, providing fast connections to all parts of Vienna.
- S-Bahn and regional trains: The nearby ”Handelskai” station offers numerous S-Bahn and train connections for commuters.

Shopping and infrastructure:
The location offers excellent infrastructure: supermarkets, bakeries, drugstores, and pharmacies are within walking distance. Numerous cafés and restaurants provide culinary variety nearby. The Millennium City, a large shopping and entertainment center, is also just minutes away and invites you to extended shopping trips.

With this location, you enjoy all the advantages of urban life with short distances, excellent connections, and diverse leisure opportunities – ideal for singles and commuters!