Multifamily house with 5 residential units and development potential in Nürnberg-Mögeldorf

Key facts

Purchase price & costs

About this house

The apartment building in Nürnberg-Mögeldorf comprises five units divided under land registry law with a total of approx. 562 m² of residential and usable space.
Currently, four units are vacant; the apartment on the 2nd floor is rented.
The property is particularly suitable for capital investors, subdividers, and portfolio holders.

The building, erected in 1968, was modernized from 1994 onward. The measures included the renewal and insulation of the roof, new plastic windows, the conversion of the central heating system to gas, as well as the conversion of the attic and the comfortable modernization of the apartment on the 3rd floor. Later followed the renewal of the building entrance, the courtyard design, the complete modernization of the apartment on the 2nd floor in 2012, as well as façade, roller shutter, and insulation work in 2020. The units on the 2nd and 3rd floors as well as in the attic are in a contemporary condition. The ground floor and 1st floor still correspond to the original building condition, as these only became vacant in recent months after almost 50 years of renting and require comprehensive modernization. The heating system also needs to be renewed in the foreseeable future due to its age, despite its very efficient performance.

Each apartment on a floor has a south-facing balcony on the garden side; in the attic there is a roof terrace of approx. 6 m². The property is supplemented by basement and communal areas with a laundry room, bicycle room and five cellar compartments as well as an outdoor parking space. The energy certificate shows a final energy consumption of 98 kWh/(m²·a) and efficiency class C.

Location

Location details

The property is located in the Nürnberger district of Mögeldorf, an established and sought-after residential area in the east of the city. The location combines a mature residential structure with comprehensive local amenities and short distances to education, medical care and gastronomy. For an apartment building, this provides good conditions for a broad range of residents, including working professionals, families, couples and elderly households.

There is a quick connection to the A3 via the Nürnberg-Mögeldorf interchange, 4 km away. The Nuremberg motorway network and the A9 provide access to destinations in all directions.
Local public transport is ensured by Nürnberg-Mögeldorf station, the S-Bahn connection to Nuremberg main station (travel time 10 minutes), as well as tram and bus lines. The connection supports both the sought-after residential location for commuters and households without their own car.

Several supermarkets and discount stores are located within a radius of around 300 to 600 meters. A primary school as well as several daycare centers are within walking distance. Doctors, pharmacies, care facilities, restaurants and cafés are also in the immediate vicinity. The combination of public transport connections, local amenities and social infrastructure provides a stable foundation for long-term demand for housing in the five residential units.