Apartment building in Erlangen-Alterlangen

Information

Selling Price & Extra Costs

About this dream house

Property Description

For sale is a well-maintained apartment building with a total of three residential units in an attractive residential location in Erlangen-Alterlangen. The property is particularly suitable for capital investors who want to benefit from existing rental income as well as additional appreciation and rental growth potential.

Each of the three apartments has a living area of approx. 80m² and offers a spacious layout with 3 rooms, kitchen, bathroom, and additional usable space.

Currently, two residential units are rented out. The existing tenancies offer potential for future rent adjustments within the scope of legal possibilities.

The ground-floor apartment is currently vacant and offers the ideal opportunity for modernization according to your own ideas. Only cosmetic and renovation work is required, in particular:

Renewal of the floor coverings/repainting the walls
Modernization of the bathroom
General cosmetic repairs

After completion of the measures, the apartment can be re-let at market conditions or used by the owner.



Investment potential

This property offers an attractive combination of:

-Immediate rental income
-Vacant unit for re-letting after renovation
-Rental growth potential in the existing tenancies
-Solid apartment size of approx. 80m² each
-Desired residential location with long-term strong rental demand

The property is therefore ideally suited for investors looking for a sustainable investment property with development potential.
The apartment building is located in the popular Erlangen district of Alterlangen, one of the city’s most sought-after residential areas. The surroundings are characterized by very good infrastructure, short distances to Erlangen city center, and excellent connections to the university city and the greater Nuremberg-Fürth-Erlangen area.

Shopping facilities, schools, kindergartens, doctors, and public transport are in the immediate vicinity.
Apartment building with 3 residential units

-Approx. 80m² living space per apartment
-Total approx. 246m² living space
-Attractive location in Erlangen-Alterlangen
-Two apartments currently rented
-Potential for future rent adjustments
-Ground-floor apartment vacant and available at short notice
-Ground-floor apartment with terrace
-Upper-floor and attic apartment with balcony
-Large and dry basement
-Own basement storage area possible for each apartment
-Spacious garage with additional storage space
-Space for two vehicles one behind the other
-Additional outdoor parking space
-Additional storage options for bicycles, workshop or storage purposes
-Ideal for investors and portfolio holders
An energy certificate is available for viewing.
The main energy source for heating is light natural gas.

An energy certificate is available for viewing.

Potential & Perspective

With the appropriate development and investment strategy, the property offers significant income potential. In particular, a renovation of all residential units can sustainably increase the rental level.

Based on a standard renovation and market-appropriate re-letting, a return of up to approx. 7 % is realistically achievable in перспективive terms.

Possible measures to optimize returns:
-Renovation of the residential units
-Adjustment of rents to a market-appropriate level after modernization
-Optimization of apartment layouts and features
-Efficient management and optimization of ancillary costs

These measures enable both short-term value appreciation and a long-term increase in ongoing income.



Would you like to learn more about the property offered here or do you have any further questions?

Please contact us via the inquiry form!

If you contact us in writing, please provide your full contact details (name, address, telephone number, email address).

People at the center. Real estate in focus.

What values, what philosophy and what content does a real estate company like ours actually represent?
The orientation toward certain values and a vision creates goals and added value for our team and, of course, for you, our clients.
We place the interests of our clients at the center of everything we do.
The most important thing for us is the basis of trust with our clients. We act professionally, collaboratively and quickly.

As an established player in the real estate market, we are the first point of contact for owners and interested parties in the region. Trust our experts to implement your personal real estate project.

In the event of strong demand for the property and a large number of interested buyers, we reserve the right to switch to a bidding process.

Location