Attractive investment property with 4 garden apartments, garages, parking spaces and attic conversion

€915,000

~220 m² Living area
~995 m² Plot surface

Description

This versatile investment property offers a particularly attractive combination of existing income potential, flexible use, and additional development reserves. The site currently comprises four residential units: three garden apartments on the ground floor and one additional existing apartment with a spacious terrace. The offering is complemented by two garages, two outdoor parking spaces, and an attic conversion of approx. 110 m² net floor area with two large terraces. The three ground-floor garden apartments each have a very similar layout and provide a practical floor plan with two rooms, kitchen, anteroom, bathroom, separate WC, vestibule, and a terrace of approx. 12 m² plus a private garden of around 66 m². The fourth existing apartment likewise features an appealing layout and includes two rooms, kitchen, bathroom, anteroom, vestibule, and a terrace of approx. 12.5 m². Together, the units form a solid existing property structure that is well suited for letting. A key added value of this property lies in its flexible development options: the lower apartments can be connected with the planned upper unit. This creates several possible uses—from classic, separate residential units as an investment property to generous combined living solutions. This variable design offers interesting prospects for investors as well as future owner-occupiers. Another highlight is the attic conversion. It allows for an additional, spacious residential unit with approx. 110 m² net floor area and generous terraces totaling over 100 m². In addition to the existing apartments, two garages of approx. 21 m² each and two additional outdoor parking spaces are available. Overall, this is a highly compelling investment property with development potential, which, through the combination of existing residential units, private outdoor areas, parking options, attic conversion, and flexible connection possibilities, opens up numerous perspectives.

Features

BasementGarageGarden

Engel & Völkers Graz West

+43 316 813032 600

Your advisor: Florian Klumaier

Property ID: W-049B2S

Location: Waltendorf, Graz

The property on Argenotstraße is located in a particularly attractive residential area in eastern Graz and combines many of the qualities that are especially valued today by both owner-occupiers and investors. The surroundings are characterized by pleasant tranquillity, a well-maintained residential environment, and a high proportion of green space. This creates a living atmosphere that blends relaxation and everyday life in a very agreeable way. It is precisely this combination of living close to nature and proximity to the city that makes the location especially appealing. A key advantage of this location is its good public transport connections. This makes important everyday destinations, as well as Graz city center, easy and convenient to reach. For residents, this means a high level of practicality and flexibility in daily life, while investors benefit from a location that will remain attractive to a broad target group in the long term. Good infrastructure and reliable accessibility are, after all, among the decisive factors for sustainable lettability and stable demand. Another highlight is the proximity to Ruckerlberg, one of Graz’s most popular and sought-after residential areas. This neighborhood has always stood for high residential quality, a green and quiet setting, and an upscale living feel. The property therefore benefits from an environment that impresses both in value and in quality of life. The immediate surroundings also offer excellent conditions for pleasant living. Walks and leisure options in green areas, an established residential district, and good access to various everyday amenities make this location particularly livable. The area thus appeals to different target groups—from singles and couples to small families or people who want to live close to the city yet in a quiet setting. Last but not least, this address is also compelling from an investor’s perspective. Residential areas in eastern Graz with access to green spaces, good connections, and proximity to sought-after neighborhoods such as Ruckerlberg have been very popular for years. This very mix of residential quality, infrastructure, and long-term appeal makes the location an excellent basis for a sustainable investment with value retention and development potential.

Attractive investment property with 4 garden apartments, garages, parking spaces and attic conversion

Description

Engel & Völkers Graz West

Location: Waltendorf, Graz

Floor plans (2)

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