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| Type | Block of flats |
|---|---|
| Living area approx. | 1891 m² |
| Year built | 1953 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 72 |
| Heating | Central heating |
| Fuel type | Oil |
| Plot area | 1473 m² |
|---|---|
| Parking spaces | 21 |
| Condition | Well kept |
| Floors in the building | 4 |
| Purchase price | 12.500.000 € |
|---|---|
| Price per m² | 6,610.26 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsI am selling my fully rented residential property portfolio in Munich-Haidhausen. The complex was built in 1953/1954 and comprises three street numbers with a total of 31 apartments on approx. 1,891 m² of living space and a plot of approx. 1,473 m².
The mix consists of 1- to 3-room apartments, distributed across 11, 9 and 11 units per entrance. The apartments have already been divided under the German Condominium Act (WEG) and each has its own basement storage unit.
The current annual net cold rent is approx. €445,000; the portfolio is fully rented. The property includes a total of 21 parking spaces, 12 of them in the underground garage and 9 above ground.
The complex was originally divided among several owners; over the years, I gradually acquired the individual units and consolidated the portfolio.
Accordingly, the apartments differ in their levels of fittings and modernization: Some have already been renovated or modernized, while other units are in an older but well-maintained condition and can be upgraded accordingly when a tenant changes in the future.
The roof was renewed in 2022; the remaining parts of the buildings have been continuously maintained. Heating is currently provided by an oil-fired heating system from 1999, and the energy efficiency class is E. District heating is now available in the street and could potentially be considered as an alternative heat supply.
There is also development potential through the possible conversion of two additional apartments in the attic; adding another floor may also be considered, in each case subject to the applicable building-law and technical requirements.
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The property is located at 81667 Munich-Haidhausen. The location is central, well connected, and everything needed for daily life is available nearby. In my experience, renting out the apartments has been problem-free over the years. Even when tenants changed, I have so far had no difficulty re-renting the apartments.
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