| Type | Block of flats |
|---|---|
| Living area approx. | 232 m² |
| Bedrooms | 5 |
| Rooms | 10 |
|---|---|
| Bathrooms | 5 |
| Plot area | 503 m² |
|---|---|
| Usable floor area | 340 m² |
| Purchase price | 258.000 € |
|---|---|
| Price per m² | 1,112.07 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsThe apartment building, constructed around 1898 and comprising five residential units, is located on a well-connected main road in the village of Dodendorf. The property has been family-owned for decades and was completely renovated in 1998. It impresses with its well-maintained condition and solid construction. With compact apartment sizes ranging from about 43.5 m² to around 42.8 m² and a rustic attic apartment of approx. 59.6 m², the building has a total living area of around 232 m². Three of the five residential units are currently rented. One unit and the attic apartment are owner-occupied but offer interesting prospects for reletting or alternative use. When fully rented, the total monthly net cold rent is €1,390.00, corresponding to annual income of around €16,680.00. Overall, the property has significant rental growth and development potential. It could also be a promising alternative as a multigenerational home. The total usable area is about 340 m². The basement, which extends beneath 86% of the building, provides additional storage space, with a usable area of approximately 70 m². An efficient gas heating system in the basement supplies the house with heat. The 503 m² plot offers ample space and also includes a double garage and a parking space, further enhancing the property's appeal and rental potential. Its location on a main road ensures excellent accessibility, while the established surroundings still create a pleasant residential setting. The infrastructure around the property is excellent: shopping facilities, good public transport connections, and everyday amenities are all nearby. Overall, this is a versatile investment property with a solid foundation, stable rental situation, and considerable development potential.
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