| Type | Block of flats |
|---|---|
| Living area approx. | 1915 m² |
| Bedrooms | 43 |
| Rooms | 86 |
|---|---|
| Bathrooms | 43 |
| Plot area | 3380 m² |
|---|
| Purchase price | 1.950.000 € |
|---|---|
| Price per m² | 1,018.28 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072459
This well-maintained multi-family building, constructed in 1973, represents an attractive investment for investors seeking sustainable rental income and long-term stable letting. With a total residential area of approx. 1,915 m², the building comprises a total of 43 residential units. Three apartments are currently vacant, corresponding to a vacancy rate of around 6%. The property currently generates annual net cold rent of approx. €139,308, already providing a solid income base as well as additional potential through the re-letting of the vacant units.
The property is visually well maintained overall and leaves a good general impression. The residential units are in an appealing condition and offer contemporary living comfort, supporting sustainable lettability. The communal areas and cellar rooms are also tidy and well maintained, contributing to the property's positive overall appearance. All residential units have a balcony, enhancing living comfort and increasing the apartments' appeal to both existing and future tenants. The offering is supplemented by a total of 27 parking spaces, which are currently unlet. This presents the future owner with attractive value-creation potential, as letting the parking spaces could generate additional rental income.
Overall, this is a well-maintained multi-family building with a solid income base, continuous maintenance and attractive additional income opportunities. The combination of a large residential area, 43 residential units, a manageable vacancy rate of around 6%, numerous balconies and 27 parking spaces that have not yet been let makes the property an interesting investment opportunity for investors who, in addition to ongoing rental income, place particular value on further rent-increase and value-creation potential.
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