| Type | Block of flats |
|---|---|
| Living area approx. | 465 m² |
| Rooms | 13 |
|---|
| Plot area | 228 m² |
|---|---|
| Usable floor area | 465 m² |
| Purchase price | 545.000 € |
|---|---|
| Price per m² | 1,171.59 €/m² |
| Commission | no commission for buyers |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptionsThe apartment building, built in 1894 and fully basemented, presents itself as a well-maintained and well-structured residential property in a central location in the popular Arrenberg district.
The property comprises five residential units in the front building as well as another unit in the rear courtyard, currently used for commercial purposes, which can also be rented out after conversion to residential use. The conversion process is currently still underway. The application was already submitted in 12/2025. The stamped approval is planned for the next two months. The total residential and usable area is approx. 465 m².
The apartments are in solid, well-maintained condition and are fully let. Heating is provided by gas boilers; hot water is generated by instantaneous water heaters.
Downpipes, riser pipes and electrical installations were largely renewed in 2004/2005.
The previous owner managed the building himself and continuously maintained it. In addition to ongoing measures, further investments were made in recent years. Nevertheless, the building shows a maintenance backlog, which mainly concerns cosmetic repairs. However, the apartment on the ground floor right requires extensive renovation.
The key modernizations include:
– heating systems renewed step by step
– double-glazed wooden windows on the street side (2020/2021)
– replastering and repainting of the rear façade in 2021
– regular apartment renovations when tenants change
Thanks to the good micro-location, the attractive 1- to 3-room layouts and careful tenant selection, the tenant structure presents itself as homogeneous and stable.
The target rents stated in the exposé refer to the realistic rental potential at full occupancy – including the rear courtyard unit after conversion.
The property is ideally suited for long-term investors seeking a value-stable property with development potential. Residential privatization or the conversion of the commercially used unit into residential space are also conceivable options for long-term value appreciation.
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