| Type | Block of flats |
|---|---|
| Living area approx. | 214 m² |
| Rooms | 9 |
|---|---|
| Bathrooms | 3 |
| Plot area | 687 m² |
|---|
| Purchase price | 399.000 € |
|---|---|
| Price per m² | 1,864.49 €/m² |
| Commission | 3,57% |
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More financing calculators and assumptionsFor sale is a well-maintained, fully let three-family home built in 1962, situated in a quiet part of Nörten-Hardenberg. The property has a total living area of approx. 213 m², distributed across three residential units, and sits on a generous 687 m² plot. The space is complemented by a garage, a practical shed and a full basement. The combination of long-term rental potential, modernization work already carried out and additional income from a photovoltaic system makes this property particularly attractive to investors.
The multi-family home is fully let and currently generates monthly net cold rent of €1,961, equivalent to annual net cold rent of €23,532. In addition, the roof is equipped with a photovoltaic system installed at the end of 2008, which generates additional feed-in tariff income of approx. €186 gross per month or €2,232 gross per year. According to the information available, the existing remuneration agreement runs until the end of 2028. This brings current total income to around €25,764 per year or €2,147 per month.
The three residential units offer functional, easily rentable layouts. The ground floor features a spacious three-room apartment with a terrace and a living area of approx. 80 m². The first-floor apartment also has three rooms and offers a pleasant living environment across approx. 72 m². The garage is also assigned to this unit.
The attic contains an approx. 62 m² apartment with 2.5 rooms, which was completely rebuilt following a fire. Accordingly, the apartment is in a modernized condition.
The roof was comprehensively renovated and retiled before 2008. Extensive renewal work was also carried out on the roof as part of the reconstruction of the attic apartment. In 2019, all windows on the ground floor were replaced and the bathroom was completely modernized. The bathroom in the first-floor apartment was also renovated in the same year.
The property is heated by a gas central heating system dating from 2002. It is assigned energy efficiency class E. The full basement provides additional storage and usable space, practically complementing the living areas.
A Another advantage is the spacious plot with its shared outdoor areas. The garden is available to the tenants and offers a pleasant place to spend time, particularly during the warmer months. The existing garage and additional shed round out the property’s functionality.
Overall, this three-family home presents an attractive investment opportunity with an existing, fully let income structure. The combination of three easily rentable residential units, ongoing additional income from the photovoltaic system, modernization measures already completed, and potential for future rent adjustments provides a solid basis for a long-term real estate investment. Particularly noteworthy are the steady rental income, versatile ancillary spaces, and spacious plot, which underscore the property’s lasting value and utility.
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