23 Residential Units, Fully Rented and Partially Renovated – TOP-Profitable Residential Complex near 37619 Bodenwerder!

Information

Selling Price & Extra Costs

About this dream investment property

Property Description

Attention investors and capital investors, an exceptional return opportunity awaits you: For sale are 23 residential units in four single-storey residential rows with a total of 1,153.2 m² of living space on a 5,839 m² privately owned plot in a quiet residential location in Hehlen. The individual apartments range in size from 42.54 m² to 50.32 m²; the associated single-/two-family house is approximately 120 m². The units are distributed as follows:

Unit 1 – 42.54 m² – rented
Unit 2 – 42.54 m² – rented
Unit 3 – 42.54 m² – rented
Unit 4 – 42.54 m² – rented
Unit 5 – 50.32 m² – rented
Unit 6 – 50.32 m² – rented
Unit 7 – 50.32 m² – rented
Unit 8 – 50.32 m² – rented
Unit 9 – 73.48 m² – combined unit – rented
Unit 10 – 42.54 m² – rented
Unit 11 – 50.32 m² – rented
Unit 12 – 50.32 m² – rented
Unit 13 – 50.32 m² – rented
Unit 14 – 50.32 m² – rented
Unit 15 – 42.54 m² – rented
Unit 16 – 42.54 m² – rented
Unit 17 – 50.32 m² – rented
Unit 18 – 50.32 m² – rented
Unit 19 – 50.32 m² – rented
Unit 20 – 50.32 m² – rented
Unit 21 – 50.32 m² – rented
Unit 22 – 50.32 m² – rented
Unit 23 – 120.00 m² – rented

The residential complex currently generates monthly net cold rent of €7,016.33. With an adjustment / re-letting at the market-rent level, you can expect approximate net cold rent of €8,000.00+ due to the sought-after apartment sizes. This would result in a calculated (gross) yield of 10.68% or a (gross) multiplier of 9.36.

The buildings and apartments are in a well-maintained and partially modernized condition. In various units, floor and wall coverings, windows, doors, electrical and water lines, bathrooms, and gas-fired individual heating systems have been renewed or modernized, among other things. The respective level of features and modernization varies depending on the unit.

Location