| Type | Block of flats |
|---|---|
| Living area approx. | 1049 m² |
| Bedrooms | 20 |
| Rooms | 40 |
|---|---|
| Bathrooms | 20 |
| Plot area | 4517 m² |
|---|
| Purchase price | 1.080.000 € |
|---|---|
| Price per m² | 1,029.55 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072467
This attractive residential complex, built in 1935 and 1973, offers investors an interesting investment opportunity with sustainable development potential. A total of 20 residential units are distributed across five well-maintained apartment buildings with a total living area of approx. 1,049 m². The properties are in good overall condition and impress with their solid construction and well-maintained appearance.
There are currently two vacant residential units with a total area of around 105 m², corresponding to a vacancy rate of approximately 10%. This gives investors the opportunity to increase rental income through targeted re-letting and exploit the existing income potential. The current annual net cold rent is approx. €80,837, providing a solid income base while also offering further potential for optimizing ongoing returns.
The apartments are predominantly in good and well-maintained condition, providing a solid foundation for successful and sustainable letting. Tenants have access to the garden areas associated with the respective buildings, which further enhance the residential value and support the long-term attractiveness of the apartments. In addition, there is a rented garage.
The residential complex is particularly suitable for investors seeking a well-maintained existing property with attractive ongoing rental income and existing potential for rent increases and development. The combination of modern construction, a well-maintained appearance, attractive outdoor areas, and the existing comparatively moderate vacancy provides good conditions for further developing the property portfolio economically in the long term and sustainably optimizing its earning power.
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