| Living area approx. | 276 m² |
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| Rooms | 11 |
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| Plot area | 194 m² |
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| Purchase price | 499.000 € |
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| Price per m² | 1,807.97 €/m² |
| Commission | 3,57% |
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More financing calculators and assumptionsThe four-family house, built around 1905 and extensively renovated in 1985, is located in Ludwigshafen’s Hemshof district and offers a total of approximately 276 m² of living space on a plot of approximately 194 m².
The property is divided into four purely residential units with no commercial component.
Important for subdividers: Each apartment has a daylight bathroom, its own gas-fired central heating system and a basement room; the apartments from the first floor upwards also have a balcony. Following subdivision under the German Condominium Act (WEG), they can therefore be sold separately very effectively.
The house has been continuously modernized, including renewed utility lines, uPVC windows, bathrooms, Vaillant gas-fired central heating systems, repointed clinker façade, renewed roof guttering and various floor coverings.
Three of the four apartments are currently rented. The ground-floor apartment is vacant, offering the buyer various options: from letting it again to owner-occupation – for example within the family – through to a potential future subdivision and individual sale of the apartments.
Purchase price: €499,000
•Current yield: approx. 5.6%
•Target yield: approx. 7.3%
•approx. €1,808/m² of living space
•four residential units
•no commercial component
•one apartment already vacant
This results in various usage concepts:
1)Traditional investment: Acquisition of the house and long-term letting of the four residential units.
2)Optimization of the rental situation: Re-letting the already vacant ground-floor apartment and developing rental income over time.
3)Subdivision and individual sale: An interesting prospect particularly for regional real estate companies and private subdividers.
4)Partial owner-occupation: Use of the vacant ground-floor apartment by the buyer, family members or acquaintances while renting out the remaining three apartments.
The property offers an interesting combination of ongoing rental income, a manageable overall investment and further development potential.
With its clear structure comprising four self-contained residential units, separate heating systems, balconies and allocated basement rooms, the property generally offers good conditions for later subdivision under the German Condominium Act (WEG) and individual sale of the apartments.
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