| Type | Block of flats |
|---|---|
| Living area approx. | 466 m² |
| Bedrooms | 7 |
| Rooms | 17 |
|---|---|
| Bathrooms | 7 |
| Plot area | 370 m² |
|---|
| Rent excluding bills | 700 € |
|---|---|
| Purchase price | 229.000 € |
| Price per m² | 491.42 €/m² |
| Commission | 3,57% (3,57% Käuferprovision vom Kaufpreis inkl. gesetzl. MwSt.) |
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More financing calculators and assumptionsThis apartment building, constructed around 1930, offers a total living area of approximately 466 m², comprising seven residential units, and impresses with its versatile layout. Particularly attractive is the large 5-room apartment in the attic, with approximately 110 m², offering families a spacious home. The property is complemented by six well-designed 2-room apartments with living areas between 58 m² and 60 m², which are ideal for couples, singles, or as guest apartments.
The current net rental income amounts to €700 per month or €8,400 per year. When fully let, net rent of €2,760 per month or €33,120 per year can be achieved.
Five units are currently rented and provide regular income. Another apartment is used by the owner and will be available immediately after the sale. The large attic apartment is vacant and can be occupied at short notice once the outstanding renovation work has been completed. Particularly practical: The two apartments on the second upper floor are equipped with modern fitted kitchens, which will remain in the building. This makes the property ideal for owner-occupiers seeking a combination of a self-occupied home and additional rental income.
The building has already been extensively modernized in recent years. In 2019, the windows were replaced—with the exception of those in the stairwell—and in 2020, the electrical system was completely renewed. At the same time, new floors and doors were installed, and several bathrooms were renovated or partially renovated. The outdoor area was also refurbished and is well maintained. Still outstanding are the replacement of the stairwell windows, renovation of the attic apartment including painting and tiling work, and, if necessary, replacement of the roof, which is currently covered with concrete roof tiles.
The stairwell is equipped with durable stone steps and gives the building a high-quality appearance. Additional storage rooms on the half-landings provide practical uses, while the residents of the attic apartment have direct access to the spacious attic. The basement is fully developed, and each tenant can be allocated their own compartment. It is currently still being used as storage space, but will be completely cleared before handover.
The property is heated via district heating; the transfer station was installed in 1994 and belongs to the municipal utilities. The buffer storage tank is part of the house. The property also includes a large outbuilding with three garages, which are easy to use thanks to their wide roller doors, as well as a small garden with a covered seating area that is popular with the residents. A powerful internet connection with download speeds of up to 250 Mbit/s and upload speeds of 40 Mbit/s rounds off the offer.
This house offers the rare opportunity to combine spacious living in your own unit with stable rental income from the additional apartments. An ideal solution for families looking for space for themselves while also benefiting from partial refinancing through renting.
Contact us now and let yourself be convinced of the property’s special charm during a viewing. We look forward to hearing from you.
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