| Living area approx. | 1675 m² |
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| Rooms | 66 |
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| Plot area | 3177 m² |
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| Purchase price | 2.800.000 € |
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| Price per m² | 1,671.88 €/m² |
| Commission | 2,38% (2,38 % inkl. 19 % MwSt. (des notariell beurkundeten Kaufpreises)) |
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More financing calculators and assumptionsFor sale is a solid residential complex built in 1987, situated in a natural residential setting in Bad Sobernheim. The ensemble comprises a total of eight multi-family buildings arranged in a row, with 26 residential units and a total living area of approx. 1,675 m². The individual buildings each comprise three to five apartments, thereby forming manageable units within the overall complex. With apartment sizes ranging from around 45 m² to 75 m², there is a balanced mix of smaller and larger units appealing to different tenant groups.
The residential portfolio is complemented by a total of 28 parking spaces. Of these, 16 spaces are located in the underground garage, while a further 12 spaces are available in the area of the parking deck and outdoor facilities. Generous green spaces and a children's playground complement the property and create an attractive residential environment for a complex of this size.
The property is aimed in particular at investors and portfolio holders who wish to acquire and manage a larger residential portfolio on a consolidated basis over the long term. At the same time, the distinctive building structure offers interesting prospects for later individual disposal. Due to the division into eight adjoining multi-family buildings, each with only three to five apartments, both subdivision followed by the sale of individual buildings and conversion into condominium ownership with the prospective individual sale of the 26 apartments appear to be conceivable development strategies—subject to the legal, building-law, surveying and land-registry requirements. In addition to conventional portfolio holding, the complex therefore offers various opportunities for medium- to long-term value creation.
The building stock has been continuously maintained and modernized in key areas over the years. The roof of the residential complex was completely retiled only recently. All eight building units also have their own gas heating systems manufactured by Viessmann; according to the available inspection reports, the installed heat generators were all manufactured in 2014. Seven of the eight buildings were already fitted with PVC windows in 2010. All downpipes were replaced in 2011, followed by the replacement of all water filters in 2016. The last complete exterior painting took place in 2010, although further refurbishment is now required.
Within the apartments as well, Regular refurbishment measures are carried out when tenants change. These include, in particular, floor coverings, roller shutter straps and roller shutter covers, as well as instantaneous water heaters and bathroom fans. The residential complex thus combines an established rental housing portfolio with a size and building structure that is of interest for various investment strategies.
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