| Type | Block of flats |
|---|---|
| Living area approx. | 1630 m² |
| Bedrooms | 38 |
| Rooms | 61 |
|---|---|
| Bathrooms | 24 |
| Plot area | 2711 m² |
|---|---|
| Usable floor area | 1630 m² |
| Purchase price | 4.250.000 € |
|---|---|
| Price per m² | 2,607.36 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072946
This residential complex in Hamburg-Billstedt offers investors an attractive opportunity to acquire a diversified real estate portfolio comprising three apartment buildings and a total of 24 residential units. The buildings have a total living area of approx. 1,630 m² and are set on a spacious plot of approx. 2,711 m². Currently, 23 of the 24 apartments are rented, while one vacant unit offers additional rental and income potential. The complex therefore combines existing rental income with a clear opportunity to further optimize returns.
The three apartment buildings were constructed in 1968 and twice in 1982, and are in well-maintained overall condition. However, some modernization work is required, creating opportunities for long-term investors to further develop the property portfolio. Balconies and terraces complement the residential offering and enhance the apartments’ appeal. Particularly noteworthy are the large, well-maintained communal gardens, which provide residents with additional open space and give the complex a pleasant, homely character.
Another added benefit is the extensive parking provision, with 17 underground parking spaces and 7 outdoor parking spaces. The existing parking facilities provide residents with additional convenience and support the apartments’ long-term rental appeal. At the same time, they are an attractive addition to the property portfolio.
The technical facilities include two buildings, each with six residential units, which have an oil-fired heating system dating from 2009 and instantaneous water heaters for hot water. The third building, with nine residential units, is supplied by a gas heating system. The different heating systems provide a sound basis for managing the property, but their condition and any potential future modernization requirements should be assessed as part of a technical inspection.
The good, quiet location in Hamburg-Billstedt offers a pleasant residential environment and a solid basis for renting. The combination of an established residential area, good transport links and existing infrastructure makes the location appealing to a range of tenant groups. Overall, the residential complex stands out for its size, predominantly rented units, well-maintained outdoor areas and attractiveParking space offering. This presents an attractive investment opportunity for investors, with ongoing income and additional potential from the vacant apartment and targeted modernization measures.
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