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Zurich, District 6: Apartment building with development potential
- Village Zürich
- Object type House
- Living space 796 m²
Location
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[zustand] => renovierungsbeduerftig
[baujahr] => 1930
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[objekttitel] => Zurich, District 6: Apartment building with development potential
[objektbeschreibung] => With this prospect, a private or institutional investor has the opportunity to acquire a fully tenanted and continuously maintained investment property in the sought-after District 6. This fully let apartment building, dating back to 1930, is located in a quiet 30 km/h zone in Zurich’s coveted District 6. Each of the twelve 2-room apartments, with a living space of 63 to 68 square meters, is generously proportioned, and offers a good layout with comfortable living. The central and highly desirable location guarantees excellent connectivity to urban life and all necessary daily amenities.
The property consists of a total of twelve residential units, mostly with the same standard of furbishment, a heated hobby room, and an attractive sun terrace for communal use on the 4th floor. The moderate rent levels effectively ensure that vacancies can almost entirely be ruled out. The current gross yield is 1.91%, but after renovation and adjustment to market rents, there is potential for a gross yield of around 3.80 %.
The new owner can renovate and continue to manage it as an investment property or, after complete renovation and conversion, offer high-quality condominiums for sale. This solid real estate investment is guaranteed to provide an investor with new asset appreciation perspectives.
With its existing potential, this apartment building presents an ideal investment opportunity made all the more attractive by stable income coupled with the possibility of value appreciation over the long-term.
The property:
- Investment property in a desirable location in Zurich, District 6
- 12 units, 1 craft room
- Lot extends to approx. 613 square metres
- Approx. 796 square metres of rentable area
- Quiet residential location in a 30 kph-zone
- Gross return of 1,91%
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[created_at] => 2024-05-31 09:51:34
[vertriebsstatus] => ind_Schl_3507
[vertriebsstatus_text] => Reserviert
[geschaeftsstelle] => Küsnacht
[benutzer] => Sharon Stadlin
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