| Type | Block of flats |
|---|---|
| Living area approx. | 362 m² |
| Rooms | 16 |
|---|---|
| Bathrooms | 6 |
| Plot area | 878 m² |
|---|
| Purchase price | 599.990 € |
|---|---|
| Price per m² | 1,656.06 €/m² |
| Commission | no commission for buyers |
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For sale is a 5-family home comprising two semi-detached houses built in 1966 and 1994. The property offers approx. 362 m² of living space on a plot of approx. 877 m² and comprises 5 self-contained apartments.
The apartments are currently rented. At the buyer’s request, the property can be handed over fully rented or with two apartments vacant.
Key details:
- Purchase price for residential building: €599,990
- No commission for the buyer
- 5 self-contained apartments
- approx. 362 m² of living space
- approx. 877 m² plot
- 2 semi-detached houses
- Years built: 1966 and 1994
- Fully basemented
- Additionally, a converted basement with residential-quality finish, comprising two rooms plus bathroom and kitchen, approx. 70 m²
- Carport with extension: €25,000
- 8 outdoor parking spaces at €5,000 each = €40,000
- Oil-fired heating systems in each semi-detached house: built in 1994 and 2004
Condition & features:
- 5 apartments newly renovated – top condition
- Converted basement renovated, in top condition and offering additional rental potential
- 6 fitted kitchens, 5 of them new
- Fitted kitchens separately: €15,000
Purchase price overview:
- Residential building: €599,990
- Carport with extension: €25,000
- 8 outdoor parking spaces: €40,000
- 6 fitted kitchens: €15,000
Total price: €679,990
Rental & yield potential:
The apartments are currently rented. Four apartments are currently rented. Depending on the buyer’s preference, the property can be handed over fully rented or with individual units vacant.
The achievable rental potential is from approx. €4,100 per month, or at least approx. €49,200 per year.
At a total price of €679,990, this represents a gross rental yield of approx. 7.2% and a multiplier of approx. 13.8.
An attractive opportunity for investors seeking a renovated multi-family home with an appealing yield and five self-contained residential units.
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