| Living area approx. | 207 m² |
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| Rooms | 12 |
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| Plot area | 442 m² |
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| Rent excluding bills | 3350 € |
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| Purchase price | 645.000 € |
| Price per m² | 3,115.94 €/m² |
| Commission | 4,95% (4,95% inkl. MwSt) |
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More financing calculators and assumptionsWelcome to JUNO Immobilien – we present to you a multi-family house comprising two adjoining terraced houses dating from 1954, with a total of four residential units, an additional outbuilding serving as storage space, and a 443 m² plot in the Walldorf district. In 2022 and 2023, various modernisation measures were already initiated and implemented at the property.
The property is fully rented and currently generates annual net cold rent of around 40,000 euros. The property therefore offers an existing income base while also providing further development potential. The offer is aimed both at newcomers to residential property portfolios and at experienced portfolio owners and investors who wish to unlock additional potential through further renovation and modernisation measures.
The solidly constructed property structurally consists of two building sections in the style of two terraced houses. Each building section comprises two apartments, resulting in a total of four residential units.
There is also a larger hall or outbuilding at the rear of the plot, which can currently be used as storage space and is, for example, of interest to tradespeople or for storing materials. Alternatively, possible demolition offers the opportunity to restructure the garden and outdoor area in the future and further enhance the quality of the property.
The run443 m² plot complements the four residential units with usable outdoor and courtyard areas. The existing outbuilding expands the possible uses, particularly for buyers with a trade or commercial background.
Depending on the future strategy, the outdoor area can either continue to be used functionally or, following demolition of the outbuilding, be designed more extensively as a garden and recreational area. This provides various options for adapting the plot to the requirements of letting and the desired investment strategy over the long term.
Modernisation of the existing property began in 2022 and 2023. Among other measures, double-glazed windows were installed, the heating system was modernised, and parts of the utility infrastructure were renewed. Key measures have therefore already been initiated. At the same time, modernisation has not yet been completed in all areas. This gives a buyer the opportunity to to consistently continue the work already begun and further develop the building technically and energetically.
This combination of measures already carried out and existing remaining potential offers an interesting approach to the long-term optimization of the property, particularly for investors with renovation experience.
The property is located in an established, predominantly middle-class residential area with good connections and proximity to the airport. The combination of the residential location, accessibility by infrastructure and established demand for rental housing provides a solid basis for further holding the property.
From an investor’s perspective, the property’s existing development potential and the opportunity to further improve its long-term positioning through targeted modernizations are particularly appealing.
The apartment building is suitable both for newcomers wishing to acquire an already fully rented property with a manageable number of residential units and for experienced investors and renovators seeking to make targeted use of existing development opportunities.
Have we sparked your interest? We would be happy to provide you with further details and arrange a personal viewing appointment.
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