Apartment building with 765 m² in the city center / commission-free sale

Information

Selling Price & Extra Costs

About this dream house

Property Description

The property consists of two separate buildings, a front building and a rear building, which together present a well-maintained overall appearance.

The main building was rebuilt in 1962. In the front section, it comprises a total of eight residential units. These are divided into three 1.5-room apartments, four 3.5-room apartments, and one 2.5-room apartment in the attic. Seven of the eight apartments have their own balcony, providing additional living comfort. The building is fully basemented, so each residential unit has a separate storage room available.

The rear building was constructed in 1945 and is partially used for commercial purposes. The commercial areas as well as the apartment above are rented together to one tenant, creating a clear and straightforward usage situation. This building is also fully basemented and accordingly offers additional usable and storage space.

In the courtyard there are two garages and an additional parking space. In addition, there is sufficient storage space for bicycles as well as areas for waste containers, which further underlines the practical benefits of the property.

In recent years, extensive investments totaling around €180,000 have been made in the property. Five apartments in the front building as well as the apartment in the rear building were completely renovated and modernized. In addition, all shutters and entrance elements in the front building were renewed and the front facade was freshly painted, significantly enhancing the exterior appearance.
About 15 years ago, the water pipes (stainless steel) in the front building were renewed.

The annual net rent currently amounts to €74,507.88 and still has potential for increase.
For a rental area of 765 m², this corresponds to 8.11 per square meter.
The caretaker lives in one of the apartments.

Location