| Type | Block of flats |
|---|---|
| Living area approx. | 455 m² |
| Year built | 1965 |
| Available from | sofort |
|---|---|
| Rooms | 20 |
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 1065 m² |
|---|---|
| Parking spaces | 6 |
| Condition | Well kept |
| Floors in the building | 3 |
| Purchase price | 1.470.000 € |
|---|---|
| Price per m² | 3,230.77 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale is an attractive residential and commercial building in a sought-after location in Gießen-Kleinlinden. The property comprises a total of eight residential units and one commercial unit, offering investors an interesting combination of ongoing rental income, a small-scale and easily lettable residential structure, and additional development potential.
The total lettable area is approx. 456 m², comprising around 388 m² of residential space and approx. 68 m² of commercial space. The generous plot covers approx. 1,070 m².
Based on the current or achievable rental income in the short term, the net cold rent amounts to approx. €7,460 per month or around €89,520 per year. This corresponds to an attractive gross rental yield of approx. 6%.
A particular advantage of the property is its balanced and market-oriented apartment structure. Apartment sizes range from approx. 20 m² to approx. 107 m², with a significant proportion consisting of smaller and medium-sized units. These sizes are in consistently high demand in the university city of Gießen and appeal to a broad target group – including students, singles, young professionals and commuters. Accordingly, the property offers very good conditions for long-term stable lettability.
On the ground floor of the front building, there is also a commercial unit measuring approx. 68 m², currently used as a pizzeria. Its highly visible location on Frankfurter Straße offers attractive conditions for this use and complements the residential use with an additional source of income.
The building ensemble consists of a front building from 1900, a middle building from 1978 and a rear building from 1966. Overall, the buildings are in a well-maintained and solid condition. A large proportion of the apartments has already been renovated in recent years.
Investments have also been made in the technical equipment: The gas heating system in the front building was replaced in 2023, while the heating system in the rear building dates from 2015. This means that essential measures relating to the building technology have already been implemented.
Additional rental income is generated by parking spaces, a garage and a rented hall. There is also a spacious garden area behind the building ensemble, available for communal use by the tenants and further enhancing the quality of living.
In addition to the ongoing rental income, the plot offers interesting long-term Development potential. Due to the comparatively low building height of the middle and rear buildings, a potential future upward extension appears worth examining, for example. Any such implementation is, of course, subject to obtaining the necessary building-law approvals.
Overall, this presents an opportunity to acquire a high-yield existing property with approx. 6% gross rental yield, a broad tenant and income structure, and additional development potential.
An interesting investment for investors seeking to sustainably expand their portfolio in the economically strong university city of Gießen.
**Highlights**
• Annual net cold rent approx. €89,520 – equivalent to approx. 6% gross rental yield
• High proportion of small and medium-sized residential units that are very easy to let
• Attractive commercial unit in a highly visible location on Frankfurter Straße
• Gas heating systems already renewed in 2015 and 2023, respectively
• Majority of apartments renovated in recent years
• Additional income from parking spaces, garage and rented hall
• Spacious garden area for communal use
• Sustained high rental demand due to Gießen’s university location
• Broad target tenant group: students, singles, career starters and commuters
• Additional long-term development and value appreciation potential
A viewing appointment at short notice is possible if interested.
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The property is located in the southern part of Gießen, in the popular Kleinlinden district, directly on Frankfurter Straße. The location combines good access to Gießen city center with short routes to the most important regional and supraregional transport routes.
Gießen Central Station, motorway access points, as well as numerous shopping facilities and amenities for everyday needs can be reached within a short time. The immediate surroundings also offer doctors, service providers, restaurants, and other amenities.
A significant location advantage is the proximity to the facilities of Justus Liebig University Gießen. In particular, small and medium-sized residential units benefit from sustainably high demand from students, singles, commuters, and young professionals.
The combination of good infrastructure, quick access to the city center, and broad tenant demand makes Kleinlinden an attractive residential and investment location. At the same time, the location on Frankfurter Straße provides the existing commercial unit with good visibility and accessibility.
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