| Type | Block of flats |
|---|---|
| Living area approx. | 173 m² |
| Bedrooms | 3 |
| Rooms | 6 |
|---|---|
| Bathrooms | 3 |
| Plot area | 354 m² |
|---|
| Purchase price | 211.000 € |
|---|---|
| Price per m² | 1,219.65 €/m² |
| Commission | 3,57% |
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More financing calculators and assumptionsFor sale is a currently vacant multifamily house with a total of three residential units on the ground floor, upper floor and attic floor. The building is divided into two condominium shares and can be purchased as a whole.
The property has a total living area of approx. 173 m² and offers a high degree of flexibility due to its current vacancy. Both conventional long-term rental and alternative rental concepts, such as furnished short-term rentals, are generally conceivable.
The ground-floor apartment offers approx. 68 m² of living space and is designed as a 2.5-room apartment with a separate kitchen and a bathroom with natural light. A bright conservatory and plank flooring create a pleasant living atmosphere. The bathroom was renovated approx. six years ago and features a level-access shower. Most of the windows were replaced with double-glazed uPVC windows approx. ten years ago.
The apartment on the upper floor also has approx. 68 m² of living space and 2.5 rooms. It also features a bright conservatory and plank flooring. The fitted kitchen is in like-new condition and is included in the purchase price. The bathroom with natural light was modernized around 2005 and features a shower and bathtub. Double-glazed uPVC windows were installed as part of the modernization.
The attic apartment, with approx. 37 m² of living space, was newly created as a separate residential unit in 2004. It offers an open-plan living area, a bathroom with natural light and a bathtub, as well as its own balcony with attractive panoramic views. Due to its compact size, this unit is particularly suitable for singles, commuters or furnished rentals.
The property also includes two parking spaces in a double garage and several cellar rooms. Heating is provided by two separate gas-fired apartment heating systems.
The attractive income potential is particularly interesting for investors. Based on an assumed target rent of approx. €1,510 per month or €18,120 per year, a purchase price of €215,000 results in a gross rental yield of approx. 8.4%. The purchase price therefore corresponds to around 11.9 times the annual target rent.
The property’s complete vacancy allows the future owner to re-let it immediately and freely determine the future rental strategy. In addition to conventional long-term rental, furnishedor short-term rentals offer additional potential, provided the local and legal requirements are met.
Purchase price: €215,000
Total living area: approx. 173 m²
Residential units: 3
Target rent: approx. €1,510 monthly / €18,120 annually
Gross rental yield based on target rent: approx. 8.4%
Current condition: completely vacant
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