Multifamily house with 7 apartments, studio and development potential

In an attractive location we are selling a well maintained apartment building with a total of 7 apartments and a studio.The property convinces both as a yield property with a solid income base and through its great development potential.

The existing building is located on a generous plot of 1,569 m² and presents itself in very good condition thanks to regular renovations . With full occupancy the property generates a gross yield of 3.78 %. The spacious garden and the quiet, sunny location with views of the Obwalden mountains make for an attractive living environment. Practical are also the numerous parking facilities with several garage boxes, a carport, covered outdoor parking spaces and a visitor parking lot.

The additional development potential is particularly exciting as a new-build study envisages two apartment buildings with four apartments each.A maximum gross floor area (GFA) of 1,241 m² would be possible with a construction volume of 3,723 m³ - over 50 % more than the existing building.

This makes this offer suitable both for investors who rely on a solid income basis as well as for developers with vision, who want to fully exploit the potential of the property to the full extent.