| Type | Mixed residential and commercial building |
|---|---|
| Living area approx. | 800 m² |
| Year built | 1888 |
| Available from | Nach Vereinbarung |
|---|---|
| Heating | Central heating |
| Fuel type | District heating |
| Plot area | 733 m² |
|---|---|
| Parking spaces | 5 |
| Condition | Refurbished |
| Type of energy certificate | Energy consumption |
| Floors in the building | 4 |
| Rental income | 172.560 € |
| Purchase price | 3.390.000 € |
|---|---|
| Price per m² | 4,237.50 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsThis attractive income property is being offered as a whole and consists of a centrally located apartment building with two commercial units on the ground floor. The residential areas above are currently rented to students. The apartment building with its commercial units benefits from an excellent location in the city centre and is conveniently within walking distance of the arcades.
To expand the business premises, the rear section of the apartment building was extended in 2011, creating a total of 315 m² of new-build space, including 3 student apartments on the terrace. A spacious basement was also newly created, providing additional storage space.
The plot is designated as building land, offering diverse development possibilities. Three apartments on the terrace were newly built at the same time.
The construction work was supervised by structural inspection engineer Dr.-Ing. Johannes-Stefan Kreutz. All six inspection reports are available for review.
A rear building, originally a 4-unit house, completes the property and faces the rear courtyard. It extends over two spacious floors with a total of 173 square metres and is currently occupied by the owner. Renting out this rear building offers further attractive income opportunities.
The rear building has a spacious living room with kitchen, a separate WC and three offices on the ground floor. Additional kitchen connections have been retained in one of these rooms. Upstairs there are four spacious rooms and a bathroom with natural light, a bathtub and a shower.
Both the apartment building and the rear building were extensively renovated / extended between 2010 and 2012. The apartment building was completely insulated (with 14 cm exterior insulation), converted, its electrical and sanitary systems were renewed, and new windows were installed. The adjoining house / detached house was also renovated, with two sides of the house insulated and the roof properly insulated. The electrical system and pipes were also renewed. Tiles were laid and new windows were installed as well.
The plot is serviced on both sides, offering additional flexibility. Overall, this property presents a unique opportunity for investors seeking a high-yield property in a prime location.
Features
Both buildings completely renovated
District heating
Central location
2 commercial units
monthly net rental income from the apartment building & parking lot: 14,380 euros
Additional rental income possible: current rent very moderate
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The investment property stands out due to its excellent location in the heart of Erlangen, making it an extremely attractive investment. It is centrally located and only a few minutes' walk from the Arcaden, a major shopping center in the city. Thanks to this location, all everyday amenities are conveniently accessible on foot, including shops, restaurants, supermarkets, and public transportation. This central position not only offers a high quality of life for residents and businesses, but also promises continuous demand for rental properties, further increasing the investment property's appeal as a long-term investment.
