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Residential building
Multi-family house with development potential at top location in Zurich-Wipkingen for sale
The freestanding multi-family house built in 1948 is fully leased and houses six identical bright 4 ½-room apartments on three floors, all of which have a balcony or small garden area. The total rentable area is 660 m2.
All units have two bathrooms in the form of a bathroom with tub and a separate toilet; The bathrooms are daylighted and equipped with 70s tiles, which are celebrated today as retro and are already back in fashion. The floors are covered with parquet. Depending on the clientele and requirements, the property has smaller or larger renovation needs: Sooner or later, the façade, balconies, kitchens and bathrooms as well as the building services should be renovated or renewed.
The property holds interesting renewal potential and is in the medium term in need of renovation. An investor, a pension fund, insurance or similar is faced with an extremely attractive buying opportunity. The new owner can refurbish it and continue it as an investment property or restore it and continue a modern replacement building with solid rental properties equipped with comparable rental apartments. As a further attractive option, high-quality condominiums for sale with a realizable living area of approx. 930 m2 can be planned here.
Year of construction: 1948
Heating type: oil heater