| Type | Block of flats |
|---|---|
| Living area approx. | 300 m² |
| Bedrooms | 8 |
| Rooms | 10 |
|---|---|
| Bathrooms | 8 |
| Plot area | 1179 m² |
|---|
| Purchase price | 499.000 € |
|---|---|
| Price per m² | 1,663.33 €/m² |
| Commission | 5,95% |
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More financing calculators and assumptionsProperty Description
This well-maintained and partially rented multi-family house in Sankt Ingbert offers investors an attractive combination of ongoing rental income, modernized residential units and further development potential. The property has around 300 m2 of living space and is divided into a total of 8 separate apartments. Due to the existing tenancy, the property is immediately income-generating and is particularly suitable for investors who wish to take over an already established rental structure.
The 8 apartments have been tastefully modernized and each has its own bathroom and fitted kitchen. The layout comprises four two-bed apartments and four single apartments. The living and sleeping areas are predominantly fitted with well-maintained laminate flooring, while the bathrooms and kitchens have practical tiled floors. Roller shutters are also present.
The floor plans and amenities are particularly interesting for renting to tradespeople, commuters or individuals. The existing room and apartment structure enables flexible use and appeals to a target group for which there is consistent demand.
An additional convenience for residents is the existing laundry room with a washing machine and dryer, which are available for communal use. There is also the possibility of drying laundry outdoors. A balcony on the upper floor can be conveniently accessed via the stairwell and provides additional open space.
Plot and Outdoor Area
The plot comprises around 1200 m2 and, in addition to the building, offers a generous outdoor area. The garden area is completely enclosed and provides residents with sufficient open space. At the same time, the size of the plot offers further potential. The existing area generally provides the possibility of creating additional parking spaces or parking areas. This can represent additional value, particularly when used as accommodation for tradespeople or as an apartment building.
A particularly spacious garage with a sectional door is available. However, the garage door is currently not functional. The above-average size of the garage offers versatile usage options, for example as additional storage or utility space after appropriate repairs.
Modernizations and Technical Condition
Various investments have already been made in recent years completed. The pitched roof with dormer was renovated in 2024, meaning that a significant structural component has already been modernized. The façade has already been partially insulated from the outside. The front façade was given a new coat of paint and conveys a well-maintained exterior impression.
Some of the windows have also already been replaced, including in 2021. Heating is provided by a gas central heating system dating from 2021. Servicing of the heating system is scheduled for 2026.
For additional security, camera surveillance is installed inside.
Despite the modernizations already carried out, some areas still require renovation or maintenance. At the same time, this offers an investor the opportunity to optimize the property’s standard in the long term through targeted additional measures and, where applicable, to unlock further potential for increasing its value.
Investment property with development potential
The apartment building is currently partially rented and therefore already generates rental income. The combination of several independent apartments, the existing amenities and the focus on renting to tradespeople and commuters is particularly interesting.
The existing plot size, the possibility of creating additional parking spaces, the investments already made in the roof, heating, façade and some of the windows, as well as the existing rental structure, make the property an interesting investment for investors.
Conclusion
An already income-generating apartment building with 8 modernized apartments, a spacious plot, development potential and an interesting use for Sankt Ingbert as apartments or accommodation for tradespeople. The property provides a solid basis for investors wishing to combine ongoing rental income with further optimization and development opportunities.
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