| Type | Block of flats |
|---|---|
| Living area approx. | 823 m² |
| Bedrooms | 15 |
| Rooms | 30 |
|---|---|
| Bathrooms | 15 |
| Plot area | 1328 m² |
|---|---|
| Usable floor area | 823 m² |
| Purchase price | 2.400.000 € |
|---|---|
| Price per m² | 2,916.16 €/m² |
| Commission | 0 |
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More financing calculators and assumptionsProperty no.: 1072931
Built in 1973, this apartment building in Hamburg-Billstedt offers investors a solid existing property with ongoing rental income and further development potential. 15 residential units with a total of approx. 823 m² of living space are spread across a spacious plot of approx. 1.328 m². The sought-after apartment sizes, ranging from approx. 42 to 73 m², appeal to different target groups and provide a versatile basis for sustainable rental. Balconies and terraces, as well as 9 parking spaces, complete the offering.
The property currently generates annual net cold rent of approx. €79,795. Three of the 15 units are currently vacant and offer additional options for the future rental strategy. Depending on the individual investment approach, the vacant apartments can be selectively re-let following an appropriate review and contribute to increasing ongoing income. The existing rental income provides a solid starting point for a long-term investment.
The property is in solid condition and offers potential for targeted modernisation. This creates opportunities to gradually improve the standard of accommodation, strengthen rental appeal and generate additional value over the long term. The heating system, installed in 2012, is an important part of the technical facilities. Energy efficiency class E also provides a transparent assessment of the property's current energy performance.
A special feature is the two separate entrances, which provide clear access to the building. The basement areas are interconnected, creating a contiguous ancillary space layout. This structural feature can be advantageous when managing and organising the property.
The location in Hamburg-Billstedt, the varied apartment layout and the existing outdoor areas provide a good basis for sustainable rental. Overall, the apartment building offers an attractive combination of existing rental income, three vacant units and targeted modernisation potential. Investors therefore have the opportunity to acquire a solid existing property and strengthen its economic appeal over the long term through gradual improvements.
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