18 UNITS | 10 rented | approx. 410 m² expansion reserve | growing economic location

Information

Selling Price & Extra Costs

About this dream house

Property Description

For sale is an apartment building at Karl-Wagner-Straße 6–10 in the Böhrigen district of Striegistal.

The building comprises a total of 18 residential units, distributed across three separate entrances with six apartments each.

At present, ten apartments on the ground floor and first upper floor are fully developed and rented. The rented living space totals approx. 490 m². This currently generates a monthly net cold rent of €2,291.64, or an annual net cold rent of €27,499.68.

In addition, tenants pay monthly advance service charges totaling €1,405.00. The total monthly incoming payments therefore currently amount to €3,696.64.

The second upper floor is still in an undeveloped condition. There are further areas totaling approx. 410 m² available there. With appropriate development, there is the possibility of creating additional living space and significantly increasing the property’s rental income.

The building therefore has a total floor area potential of around 900 m². The exact countable living area as well as the building-law permissibility and design of any further development are to be checked independently by the purchaser.

Following the subdivision of the plot, the property for sale includes a generous plot area of approx. 4,400 m². There are outdoor parking spaces on the plot. The immediate surroundings are characterized by green spaces, an adjacent stream, and loose development.

A new gas heating system was installed in 2023. The energy performance certificate available shows final energy consumption of 66 kWh/(m²·a) and energy efficiency class B.

The property is particularly suitable for investors, portfolio holders, and project developers who want to combine ongoing rental income with additional expansion and value appreciation potential.

Location