| Living area approx. | 405 m² |
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| Plot area | 200 m² |
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| Purchase price | 350.000 € |
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| Price per m² | 864.20 €/m² |
| Commission | 4,76% (4,76 % inkl. 19% MwSt. vom Kaufpreis) |
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More financing calculators and assumptionsProperty number: H-1299 - Hof: Partially renovated apartment building between the city center and universities
This apartment building has approximately 405 m² of total living space, currently divided among 7 residential units. On the ground floor there is an already completely renovated, fully furnished 3-room apartment, which—as are 2 other apartments in the building—is rented out. 4 apartments are vacant. In addition, there are 3 garages and various storage rooms on the ground floor.
The first floor contains two similarly sized 3-room apartments with balconies—one is rented out, while the other is currently vacant and has already been stripped as part of the renovation work. The two apartments on the second floor (one of them with a balcony) are currently vacant. Also rented out is an approximately 58 m² attic apartment. The second attic apartment, measuring approximately 36 m², is also vacant. The property was originally built around 1874. In recent years, the property has already been partially modernized with regard to heating, electrical systems, windows, the entire ground-floor apartment, etc. The remaining work is quite manageable. The property is heated by a central gas heating system. Current rental income is approximately 15,600 euros. In our view, annual rental income of approximately 35,000 euros is very achievable with full occupancy. We currently do not yet have an energy certificate for this property. It is being prepared.
Further information, additional photos and detailed documents are available upon request.
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