| Living area approx. | 425 m² |
|---|
| Rooms | 14 |
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| Plot area | 541 m² |
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| Usable floor area | 425 m² |
| Purchase price | 465.000 € |
|---|---|
| Price per m² | 1,094.12 €/m² |
| Commission | 5,95% (5,95 % inkl. 19 % MwSt. vom Kaufpreis) |
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More financing calculators and assumptionsThe real estate ensemble offered here consists of two apartment buildings directly connected to each other. The original building was constructed in 1903 and extended in 1958 by an addition with three residential units.
The property comprises a total of seven residential units with a rentable living and usable area of approx. 425 m². Two garages complete the offering.
The ensemble currently generates an adjusted annual net cold rent of approx. €29,358. Based on the stated area, this corresponds to an average net rent of only around €5.76/m². The existing rent level therefore offers capital investors interesting development potential. Within the legal possibilities and taking into account the local comparative rent, rental income can be optimized gradually over the long term. At the same time, full occupancy already ensures ongoing and predictable income today.
A special feature of the existing tenancies is the agreed flat-rate rents. Tenants make flat-rate ancillary cost payments without an annual operating cost statement being issued. In the past accounting year, this resulted in a shortfall of approx. €2,081.36. This amount has already been fully taken into account in the annual net cold rent stated above. We will be happy to provide a detailed breakdown of the operating costs currently incurred upon further interest.
The residents’ community presents itself as quiet and well established. The low tenant turnover indicates stable tenancies and a long-established tenant structure within the two buildings.
Technically, the property is also in a well-maintained condition. Since 2020, a total of around €70,000 has been invested in the maintenance and modernization of the ensemble. Particularly noteworthy is the renewal of all seven gas floor heating systems between 2020 and 2023.
In addition, the following measures were carried out, among others:
- Renovation of a bathroom in 2025
- Replacement of various windows in 2022 and 2026
- Painting of the gable side in 2023
- Renovation and painting work in one apartment in 2025
The apartments were also gradually renovated when tenants changed. A detailed investment schedule listing the respective measures and costs can be provided upon request.
Overall, it offers this real estate ensemble a convincing combination of existing rental income, low tenant turnover, a well-maintained overall condition, and additional development potential. In particular, the currently low rent level opens attractive prospects for a new owner for a sustainable optimization of ongoing income.
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