10 rooms multi family house

Rare for sale!
Availability: immediately!
Investment opportunity in the canton of Vaud

Located in the heart of Sainte-Croix, in the immediate vicinity of shops, schools, nursery, and public transport, this residential yield building offers an attractive combination between existing rental income and optimization potential.

Built in 1928 on a plot of 557 m², the building comprises 4 dwellings, 1 garage box as well as several outdoor parking spaces.

Composition:

• Ground floor: studio/loft of approx. 50 m², rented
• 1st floor: 3.5-room apartment of approx. 60 m² with 8 m² balcony, rented
• 2nd floor: 3.5-room apartment of approx. 60 m², currently vacant
• Attic: 3.5-room apartment of approx. 45 m² with private loft, rented
• Garage box: currently vacant
• Common garden of approx. 448 m²
• Cellars, common laundry room and technical room

Financial data:
Indicative price: CHF 820’000.–
Current rental income excluding charges: CHF 45’120.– / year
Current rental yield: approx. 5.50%
The vacant studio constitutes an immediate optimization potential. With an estimated rent of approximately CHF 800.– excluding charges per month, the rental income could reach approximately: CHF 54’720.– / year excluding charges, representing a theoretical rental yield of approximately: 6.67%
Condition of the building
Since 2010, several important works have been carried out, notably:

• replacement of the gas boiler;
• replacement of windows with PVC double glazing;
• creation of an additional dwelling;
• regular maintenance of floors and paintings.

The kitchens still offer potential for modernization during the next tenant turnovers.
Strengths

• central location in Sainte-Croix;
• 3 dwellings and the garage box already rented;
• potential for immediate additional income with the studio;
• attractive yield;
• large dimension garden;
• several parking spaces;
• main technical works already completed;
• asset adapted to an investor looking for a small residential yield building in the canton of Vaud.

An asset offering existing income, appreciation potential and rental diversification, ideal for a residential investment.
Total sale price: CHF 820’000