| Type | Block of flats |
|---|---|
| Living area approx. | 456 m² |
| Rooms | 18 |
|---|
| Plot area | 1070 m² |
|---|
| Purchase price | 1.475.000 € |
|---|---|
| Price per m² | 3,234.65 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale is an attractive residential and commercial building in Gießen-Kleinlinden with a total of 8 residential units and one commercial unit. The property offers investors an interesting combination of ongoing rental income, a small-scale and easily lettable residential structure, and further development potential.
The total lettable area is approx. 456 m², comprising approx. 388 m² of residential space and approx. 68 m² of commercial space. The spacious plot covers approx. 1,070 m².
The current or short-term achievable net cold rent is approx. €7,460 per month or €89,520 per year. This results in an attractive gross rental yield of approx. 6%.
The balanced tenant structure is particularly interesting for investors. The apartment sizes range from approx. 20 m² to 107 m², with a large proportion consisting of smaller and medium-sized units. These apartment sizes are in consistently high demand in the university city of Gießen and can be rented very well to students, singles, career starters and commuters.
A commercial unit of approx. 68 m² is also located on the ground floor of the front building. It is currently used as a pizzeria and benefits from its highly visible location on Frankfurter Straße.
The building ensemble consists of a front building (built in 1900), middle building (built in 1978) and rear building (built in 1966), and is overall in a well-maintained and solid condition. A large proportion of the apartments have been renovated in recent years. Important investments have also already been made in the building services: The gas heating system in the front building dates from 2023, while that in the rear building dates from 2015.
Additional income is generated from parking spaces, a garage and a rented hall. There is also a spacious garden area behind the buildings, which is available for shared use by the tenants.
In addition to the ongoing income, the plot also offers long-term development potential. Due to the comparatively low building height of the middle and rear buildings, adding additional floors could, for example, be considered in the future. A corresponding building-law permit would of course be required separately for this.
Overall, this is a high-yield existing property with a return of around 6%, good lettability and a broad income base—ideal for investors wishing to build up or expand a long-term, easily lettable property portfolio in Gießen.
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