| Type | Block of flats |
|---|---|
| Living area approx. | 361 m² |
| Rooms | 21 |
|---|
| Plot area | 280 m² |
|---|
| Purchase price | 185.000 € |
|---|---|
| Price per m² | 511.86 €/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 assumptionsProperty with substance, character and potential.
Gartenstraße 54 in Falkenstein is a classic apartment building dating from 1900, with a total of 5 residential units and one commercial unit on the ground floor. 4 of the 6 units are currently rented. Two units are available for the new owner to use freely: an apartment on the 1st floor and the former retail space (bakery) on the ground floor.
The property therefore combines ongoing rental income with clear potential for further development.
- Current rent: €1,170 net cold rent/month (€14,040 p.a.) from 4 rented units
- Calculated target rent at full occupancy: approx. €21,240 p.a.
- Central heating system completely replaced in 2022
- Attic floor units combined and modernized in 2025 (rented)
- Purchase price: €185,000 – approx. €512/m² of residential/commercial space
- No estate agent commission for the buyer
Unit layout:
- WE 01 – ground floor, commercial (former bakery retail outlet): approx. 64.72 m², vacant, in need of renovation
- WE 02 – 1st floor, right: approx. 49.03 m², rented
- WE 03 – 1st floor, left: approx. 49.36 m², vacant, in need of renovation
- WE 04 – 2nd floor, right: approx. 49.03 m², rented
- WE 05 – 2nd floor, left: approx. 49.36 m², rented
- WE 06/07 – attic, combined: approx. 99.93 m², modernized and rented
The two vacant units:
WE 03 (1st floor) can be rented out again at short notice with manageable renovation work; the white-tiled bathroom is already in good condition.
WE 01 (ground floor) can be used flexibly as an office, practice, studio or for other non-disruptive commercial purposes. Conversion to residential use would need to be checked in advance with regard to building regulations (official approval and conversion work).
Yield indicator (non-binding model calculation, excluding acquisition costs, financing, taxes, maintenance and operating costs):
- Current situation: €14,040 annual net cold rent = 7.59% gross yield (multiplier 13.2)
- Full occupancy scenario: €21,240 = 11.48% gross yield (multiplier 8.7)
The full occupancy scenario is a calculated figure and assumes that the vacant units are rented out after the buyer makes an investment. This is neither investment advice nor a guarantee of future returns.
Ideal for investors, long-term property owners and buyers with their own ideas for the two vacant units.
Ownership structure:
The property is currently divided among three owner companies (condominium owners' association structure) and is being sold as a single property.
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