| Living area approx. | 408 m² |
|---|---|
| Bedrooms | 10 |
| Rooms | 15 |
|---|---|
| Bathrooms | 5 |
| Plot area | 614 m² |
|---|---|
| Usable floor area | 145 m² |
| Purchase price | 320.000 € |
|---|---|
| Price per m² | 784.31 €/m² |
| Commission | 5,95% |
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More financing calculators and assumptionsThe property on offer is an interesting investment opportunity comprising two multi-family buildings and an additional adjoining plot of land, currently used as a parking area for approx. 4 to 5 cars. For investors, this presents an exciting combination of existing rental income, units requiring refurbishment with development potential, and additional income opportunities.
House 1 contains two vacant units requiring refurbishment. The ground-floor apartment comprises approx. 75.4 m², currently has no bathroom, and therefore offers interesting development opportunities. For example, it could be examined whether this unit could in future be connected to the ground-floor apartment in House 2, provided that no bathroom is to be installed. The second vacant unit is located in the attic, comprises approx. 55.3 m², is divided into 2 rooms, and likewise offers good prospects for economically repositioning the property after refurbishment.
On the ground floor of House 2 there is a rented 2-room apartment of approx. 73.25 m², currently rented for €295 net cold rent per month. On the upper floor there is a combined apartment extending across both houses, measuring approx. 112.5 m², with 5 rooms and 2 balconies, rented for €570 net cold rent per month. The offering is completed by the attic apartment with approx. 85.15 m², 4 rooms and additional living space in the converted attic, rented for €540 net cold rent per month.
The current net cold rental income therefore already amounts to €1,405 per month. At the same time, the vacant units in House 1 offer considerable potential for refurbishment, re-letting and sustainable income growth. Depending on the structural, economic and legal conditions, using individual areas for accommodation for tradespeople or comparable rental concepts may also represent an interesting option.
The property is made additionally attractive by the adjoining plot with 4 to 5 parking spaces. These are currently not rented out and therefore offer further income potential that has not yet been exploited. Particularly in rented residential properties, the separate letting of parking spaces can make an attractive additional contribution to returns while also increasing tenant appeal.
It should also be positively noted that various measures have already been carried out in the past. Among other things, the roof covering was renewed, apartments modernized, and in House 2 the electrical system, including the meter cabinet arrangement, was overhauled. The windows were replaced around 1985. Heating is provided by individual gas heating systems; in the rented units, these date from 2013, 2015, and, in the attic, from 2025. The converted attic space in House 2 was already fitted out with dormers in 1990, creating additional residential value there.
The property’s wastewater drainage is currently handled via a private drainage route through the commercial property adjoining the rear. In connection with the acquisition, it is planned or required that the property be independently connected to the public sewer in the future. The purchaser must take the work and costs incurred for this into account accordingly in their investment planning
Overall, this is an exciting value-add investment with several income levers: ongoing rental income, vacant units requiring renovation, development potential within the existing property, and additional income opportunities from currently unused parking spaces. For investors who want not only to invest in existing properties but also to actively optimize and further develop them, this property offers an interesting perspective.
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