Semi-detached house for sale - 9000 St. Gallen, Falkensteinstrasse 5

The multi-family house at Falkensteinstrasse 5 is located near the main traffic axis of St. Gallen in a quiet and central residential area in the popular district of St. Fiden in St. Gallen.

Due to the nearby highway access and the very good connection to the public transport network, the property is optimally developed.

The Cantonal Hospital St. Gallen, the Silberturm shopping center, kindergartens, and schools are in immediate proximity. Various shopping options (Migros, etc.) and service businesses are located nearby and can be reached on foot in a very short time.

The well-maintained multi-family house has a mix of apartments that reflects the local needs at this location.

5 x 1.5-room apartment
5 x 2-room apartment
5 x attic room
2 x outdoor parking space
1 x storage room

The property is fully rented out except for one attic room.

The rents are market-compliant and have potential for adjustment upwards in the context of tenant changes. With a renovation of the property (renewal of kitchens/bathrooms, balcony construction in the courtyard, etc.), additional income can be realized in relation to the current net rental volume.

The following renovation work has been carried out in recent years:

2012: Kitchen renovation
2015: Renovation of the stairwell (including stairwell windows, flooring work, mailbox system, locking system, and apartment entrance doors)
2018: Facade renovation (including front door, blinds and shutters, sun shades, and roofing work)
2018: Channel renovation laundry room

The property has a communal laundry room in the basement as well as a lockable cellar compartment per apartment. The apartments have an appealing room layout and some have a balcony. The property is heated by gas heating, with heat distribution via radiators.

Sales conditions

The land registry fees and property transfer taxes are divided equally between the purchasing parties according to cantonal custom.