Attractive apartment building with 5 residential units and office – development potential included
- Purchase price
- 325.000 €
- Living area
- 397 m²
RegionalImmobilien24
Key facts
| Living area approx. | 397 m² |
|---|
| Plot area | 344 m² |
|---|---|
| Usable floor area | 432 m² |
Purchase price & costs
| Purchase price | 325.000 € |
|---|---|
| Price per m² | 818.64 €/m² |
| Commission | 0 |
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Property no.: 1072069
This apartment building, constructed in 1914, offers investors an attractive investment opportunity with solid building substance, modernization measures already completed, and additional development potential.
The property comprises a total of five residential units and one office unit, with a total living area of approx. 397 m² and office space of approx. 35 m².
The current rental situation is particularly appealing: The entire property is fully let. The current annual net cold rent amounts to approx. €27,649. In addition, possible future rent adjustments offer further income potential.
As part of a comprehensive core renovation carried out between 1995 and 1997, the property was fundamentally modernized and technically brought up to contemporary standards. In addition to measures for energy optimization and the sustainable preservation of the building substance, further renovation and modernization work was carried out in individual residential units as recently as 2023.
The features include two balconies, a courtyard with terrace, and a garage with a driveway gate, which further enhance the convenience of use.
Another highlight is the attic area, approximately 40% of which has already been converted, with a total area of approx. 100 m². Subject to official approvals, there is additional potential here to create further living or usable space.
Overall, the property offers an attractive combination of ongoing rental income, development opportunities, and long-term potential for appreciation.
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