| Type | Block of flats |
|---|---|
| Living area approx. | 279 m² |
| Rooms | 15 |
|---|
| Plot area | 356 m² |
|---|
| Purchase price | 235.000 € |
|---|---|
| Price per m² | 841.09 €/m² |
| Commission | 3,57% |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsAttention investors: This spacious four-unit apartment building in the extremely quiet Salzhemmendorf/Wallensen is looking for a new owner. The residential property, which extends over approx. 279.40 m² of living space and 16 rooms, is in need of renovation. The property is situated on a total 356 m² freehold plot.
The units are divided as follows:
• Apartment 1, ground floor, 80 m², 4.5 rooms, kitchen, bathroom, rented – €400.00 (cold rent)
• Apartment 2, upper floor left, 80 m², 4.5 rooms, kitchen, bathroom, rented – €385.00 (cold rent)
• Apartment 3, upper floor right, 52 m², 2 rooms, kitchen, bathroom, not rented
• Apartment 4, attic, 67.40 m², 4 rooms, kitchen, bathroom, not rented
The property currently generates monthly cold rent of approx. €795.00, or approx. €9,540.00 annually. With full occupancy or adjustment of the current rents in line with the rent index (approx. €6.15/m²), you can expect a minimum monthly rent of €1,718.31. This results in annual rental income of €20,619.72 and therefore a (gross) factor of 11.39 or a (gross) yield of 8.77%.
Use these figures to your advantage!
All residential units, as well as the house itself, are partly well maintained and partly in need of renovation. According to current knowledge, the electrical and water lines are in good condition. One room in the upper-floor right apartment has mold.
The oil-fired central heating dates from 2019 and is in correspondingly very good condition.
The attic and roof are also in good condition. In the associated full basement, your tenants have the opportunity to store or stow their household belongings. Several open parking spaces are located directly in front of the house and can be accessed via the public roads in the immediate vicinity. In addition, a garage is available on the property.
See for yourself during a personal on-site viewing—we look forward to meeting you!
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