| Type | Block of flats |
|---|---|
| Living area approx. | 501 m² |
| Rooms | 15 |
|---|---|
| Bathrooms | 5 |
| Plot area | 500 m² |
|---|---|
| Usable floor area | 188 m² |
| Purchase price | 279.000 € |
|---|---|
| Price per m² | 556.89 €/m² |
| Commission | 3,57% |
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More financing calculators and assumptionsAttention investors:
This historic 5-unit multi-family house in an attractive location in Schwalenberg offers a special investment opportunity: approx. 501 m² of living space on an approx. 500 m² plot, complemented by significant attic conversion potential for possible future development.
Overview of the units:
• Ground floor left: approx. 93m² | 3 rooms, kitchen, bathroom, toilet | rented from 01.11.2026 | €570.00 net cold rent per month
• Ground floor center: approx. 60m² | 2 rooms, kitchen, bathroom | vacant | In need of renovation
• Upper floor left: approx. 135m² | 3 rooms, kitchen, bathroom, toilet | rented| €520.00 net cold rent per month
• Upper floor center: approx. 93m² | 3 rooms, kitchen, bathroom, toilet | rented | €550.00 net cold rent per month
• Ground/upper floor right maisonette: approx. 120m² | 4 rooms, kitchen, bathroom | rented | €300.00 net cold rent per month
+ approx. over 200m² of convertible attic space
+ Partial basement (is somewhat damp)
The current net cold rent is approx. €1,940.00 per month or €23,280.00 per year. If the stated target rent is achieved, at least €2,380.00 per month or €28,560.00 per year would be possible. This results in a secure target gross yield of approx. 10.24% and a target gross multiplier of approx. 9.77.
Originally built in 1687, the house was completely rebuilt as a residence in 1898. The current floor plans were created between 1987 and 1995. Four of the apartments are each heated by gas-fired individual boilers approximately two to four years old; the maisonette has its own oil heating system (approx. 35 years old).
The roof, renewed in 2005, is in good condition. The conversion potential extends across the entire attic space. Options include additional living space with high ceilings and incorporating an additional attic level.
Overall, the house is well maintained. The façade may need to be renovated in the near future. The small apartment on the ground floor center requires comprehensive renovation; the large apartment on the upper floor center is well maintained. No structural defects are known to date.
The paved parking area to the left of the building provides space for approx. five cars.
Further information and pictures are available on request
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