| Living area approx. | 262 m² |
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| Rooms | 12 |
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| Plot area | 434 m² |
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| Purchase price | 599.000 € |
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| Price per m² | 2,290.63 €/m² |
| Commission | 5% |
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 assumptionsThis well-maintained multi-family house in Bad Doberan presents an attractive investment opportunity in a sought-after location near the Baltic Sea. The property, originally built around 1930, comprises a total of five residential units with a total living area of approx. 261.5 m² on a plot of approx. 434 m².
The five residential units are distributed as follows:
Apartment 1 (ground floor left) approx. 60 m²
Apartment 2 (ground floor right) approx. 95 m²
Apartment 3 (upper floor left) approx. 27 m²
Apartment 4 (upper floor middle) approx. 44.5 m²
Apartment 5 (upper floor right) approx. 35 m²
The property impresses with its solid building structure as well as continuously carried out modernization measures. Among other things, the roof was renewed in 2011, the heating system modernized in 2012, and the facade and windows comprehensively renovated in 2020. These investments make a significant contribution to the sustainable preservation of value and the attractiveness for tenants.
Overall, the building gives a well-kept impression and has been continuously maintained. The layout of the residential units is functional and appeals to different tenant target groups – from compact apartments to more spacious units. This ensures broad lettability and good risk diversification within the property.
Another advantage for tenants is the existing infrastructure in the outdoor area: there are two parking spaces in the courtyard, which are currently rented for 50 € per month each and thus generate additional income. In addition, each residential unit has its own solid storage room in the courtyard area, which provides additional practical storage space and significantly increases the attractiveness of the apartments in everyday life.
A particular plus is the attractive standard land value of currently approx. 280 €/m² for land ready for residential construction, which underlines the sustainable value stability of the plot.
Particularly noteworthy is the existing potential for rent increases. The last rent adjustment only took place in 2024, so future adjustments within the legal possibilities offer further development potential. In addition, the property is already equipped with fiber optic, which represents a clear location advantage with regard to increasing digitalization.
The current annual net cold rent income amounts to approx. 31,314.72 €, including income from the rented parking spaces. This results in an attractive gross yield of approx. 5.22 % as well as a factor of approx. 19, making this property particularly interesting for investors who focus on stable income and long-term value appreciation.
Conclusion:
This property is ideally suited for investors looking for a solid and developable investment in a sought-after location. Bad Doberan has developed very positively in recent years and is becoming increasingly popular as a place to live – not least due to its proximity to the Baltic Sea and good connections to Rostock. This offers an attractive opportunity to invest in a sustainably in-demand and stable real estate market.
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