Factor 8.39! Semi-detached house for the whole family - Two identical halves in Osterwald!

Information

Selling Price & Extra Costs

About this dream house

Property Description

Craftsmen families and investors take note: A spacious two-family house awaits you in the Salzhemmendorf district of Osterwald. The approx. 316 m² of living space are distributed over two almost identical semi-detached halves on an approx. 1,575 m² freehold property in a quiet residential area.

Both residential units each offer approx. 158 m² with six living rooms, two kitchens, two bathrooms, as well as a connecting hallway. In addition, both halves have their own access to the attic and cellar. Heating is provided by two separate oil-fired central heating systems in the basement.

The halves differ in particular in their condition: The front, left half has been rented out for many years, has been regularly maintained and is overall in better condition. Out of consideration for the tenants' privacy, no interior photos are available for this unit, but a viewing is possible at any time.

The rear, right half shown in the pictures is currently vacant. It is in a well-kept condition, but is in need of renovation or modernization and in various areas no longer meets today's living standards.

The rear half was extended in 1930 with an annex, which was most recently used as a party room with an additional balcony.

If fully rented, depending on the level of modernization, you can expect a cold rent of approx. €5.50/m² or around €1,738 per month. This results, based on a purchase price of €175,000, in an annual cold rent of approx. €20,856, a gross multiplier of approx. 8.39, and a gross yield of approx. 11.92%.

See for yourself with a personal viewing. We look forward to hearing from you!

Location