Historic multi-family house in the town center of Uttenreuth – renovation tax depreciation possible

Information

Selling Price & Extra Costs

About this dream house

Property Description

For sale is a beautiful, worthy-of-preservation historic multi-family house in the established town center of Uttenreuth. The property is located on an attractively situated sloping plot and, at first glance, conveys the special charm of bygone building culture.

In addition to the striking main house with its steep roof, the ensemble includes further outbuildings that blend harmoniously into the background of the property. The property is complemented by a practical double garage.

The building currently still has historic wooden frame windows with double glazing, traditional muntins, drip edges, and characteristic shutters. These details give the house a particularly authentic, historically rich appearance and underscore the original architectural character of the building.

The floor plans last used allow division into up to four residential units, spread over the ground floor, upper floor, and converted attic. Thanks to numerous window areas, especially on the south side, the rooms feel pleasantly bright and have the generous ceiling height typical of historic buildings.

The building is only partially basemented and has a small vaulted cellar.

In the course of future use, comprehensive modernization is recommended. At present, heating is provided by night storage heaters; however, a gas connection is located in the immediate vicinity.

Particularly interesting for owner-occupiers as well as investors is the planning and tax situation: the building is not listed as a historic monument and is not within the scope of a development plan. At the same time, the property is located within a formally designated redevelopment area. As a result, modernization measures can be significantly favored for tax purposes. Under the conditions of Sections 10f EStG (owner-occupiers) and 7h EStG (investors), renovation costs can in many cases be claimed for tax purposes at up to 90–100% over a period of 10 to 12 years.

This exceptional property thus offers the rare opportunity to revitalize a historic building with character and continue its history in a contemporary form. After high-quality modernization, it offers attractive potential for value appreciation for both owner-occupiers and investors.

Location