Multi-family house – Half-timbered building requiring renovation – Photo 1

Multi-family house – Half-timbered building requiring renovation

The advertiser will give you the exact address on request.29378 WittingenNiedersachsen
Purchase price
250.000 €
Living area
361 m²
Rooms
10
TraumImmo ID: NV49J65
Partner ID: 382286200

Published on 23/06/2026 · Last checked on 25/09/2026

Advertiser:
RegionalImmobilien24

Key facts

Living area approx.361 m²
Rooms10
Bathrooms4
Fitted kitchenBalcony

Plot area506 m²

Purchase price & costs

Purchase price250.000 €
Price per m²692.41 €/m²
Commission7% (3,5 7% inklusive Umsatzsteuer)

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About this investment property

This historic half-timbered multi-family house, built around 1900, offers investors an attractive investment opportunity with immediate rental income and additional development potential. Approximately 360 m² of living space is distributed across four residential units ranging from approx. 54 m² to approx. 127 m², three of which have a terrace or roof terrace. The existing tenancy agreements currently generate a gross yield of approx. 6.2%. As some tenancy agreements have been in place for many years and the rents are significantly below the local market level, modernization measures offer additional potential for sustainable rent increases and a further improvement in the overall yield. Particular added value lies in the former commercial area, already reclassified for residential use, which has been prepared for conversion into a spacious, accessible apartment. Utilities and screed have been installed, the individual gas heating system and sanitary facilities have been installed, and the radiators are already in place. The property offers the opportunity to increase both residential quality and long-term market value through targeted modernization measures. Under certain conditions, attractive funding programs, such as those offered by KfW or BAFA, may be used for this purpose. Several parking spaces on the property, as well as the central location with short distances to shopping facilities and all amenities for daily needs, further enhance its rental appeal. For investors seeking stable existing rents, development potential and long-term value appreciation, this multi-family house offers a rare opportunity with convincing future prospects. To protect the tenants’ privacy, some of the interior photographs have been edited using artificial intelligence.


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Advertiser:
RegionalImmobilien24
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