In a well-connected location in the Neuquartier in Kriens, we present this charming multi-family house with a solid return and additional expansion potential.

The property was built in 1923 and comprises a total of three 3.5-room apartments on three floors, as well as a basement. The plot has an area of 233 m² and offers an interesting basis for investors who value sustainable development and increased returns.

The existing apartments are currently rented out room by room, allowing for flexible and return-optimized use.

The current actual rental income is CHF 75,360 per year (including 5 outdoor parking spaces). Two units are currently not fully utilized in order to show corresponding areas during viewings. With full rental and additional use of storage spaces, an attractive target rental income of CHF 98,160 per year is possible.

Highlights of the property

• 3 x 3.5-room apartments


• Plot area: 233 m²


• 3 full floors + basement (cellar)


• 5 outdoor parking spaces included


• Current rental income: CHF 75,360 per year


• Target rental income: CHF 98,160 per year


• Room-by-room rental with attractive return model


• Two vacant units for flexible use/viewings


• Additional rental opportunities through storage rooms


• Expandable attic with potential for expansion of an apartment into a spacious maisonette (e.g., expansion by approx. 2.5 rooms)

Condition & Investments

The property is generally in a condition requiring renovation and offers corresponding value increase potential for investors with a vision.

Essential investments:

• New facade (2021)


• New windows throughout the house, except for the staircase (2021)


• New flooring in all apartments (2024)


• New bathrooms in all apartments (2024)


• New kitchens in all apartments (2024)


• New heat pump (2025)

The building offers a solid substance and provides diverse opportunities for upgrading, expansion, and sustainable return optimization.

Location - Central and sought-after residential location in Kriens

The property impresses with its excellent micro-location:

• only 90 m to the Schappe Center (shopping, services)


• bus stop in the immediate vicinity (approx. 90 m)


• schools (primary & secondary) within approx. 400 m


• Lucerne University of Applied Sciences (HSLU) within approx. 1.7 km


• motorway access within approx. 1.8 km

Kriens is one of the sought-after and dynamically growing municipalities in the Lucerne area and benefits from high demand for living space.

Conclusion

This multi-family house impresses with:

• a solid return object with existing cash flow


• additional return opportunities through room rental


• expansion potential through attic extension (maisonette)


• significant increase potential through renovation and full rental


• central, well-connected location

An exciting opportunity for investors who recognize development potential and want to use it specifically.

Contact

For further information or to arrange a viewing, recImmo ag is at your disposal.

recImmo ag - Your contact for all things real estate