| Type | Block of flats |
|---|---|
| Living area approx. | 456 m² |
| Year built | 1960 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 18 |
| Heating | Central heating |
| Fuel type | Gas |
| Plot area | 1070 m² |
|---|---|
| Parking spaces | 5 |
| Condition | Well kept |
| Purchase price | 1.475.000 € |
|---|---|
| Price per m² | 3,234.65 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale is an attractive residential and commercial building in Gießen-Kleinlinden with a total of 8 residential units and one commercial unit. The property offers investors an interesting combination of ongoing rental income, a small-scale and easily lettable residential structure, and further development potential.
The total lettable area is approx. 456 m², comprising approx. 388 m² of residential space and approx. 68 m² of commercial space. The spacious plot covers approx. 1,070 m².
The current or short-term achievable net cold rent is approx. €7,460 per month or €89,520 per year. This results in an attractive gross rental yield of approx. 6%.
The balanced tenant structure is particularly interesting for investors. The apartment sizes range from approx. 20 m² to 107 m², with a large proportion consisting of smaller and medium-sized units. These apartment sizes are in consistently high demand in the university city of Gießen and can be rented very well to students, singles, career starters and commuters.
A commercial unit of approx. 68 m² is also located on the ground floor of the front building. It is currently used as a pizzeria and benefits from its highly visible location on Frankfurter Straße.
The building ensemble consists of a front building (built in 1900), middle building (built in 1978) and rear building (built in 1966), and is overall in a well-maintained and solid condition. A large proportion of the apartments have been renovated in recent years. Important investments have also already been made in the building services: The gas heating system in the front building dates from 2023, while that in the rear building dates from 2015.
Additional income is generated from parking spaces, a garage and a rented hall. There is also a spacious garden area behind the buildings, which is available for shared use by the tenants.
In addition to the ongoing income, the plot also offers long-term development potential. Due to the comparatively low building height of the middle and rear buildings, adding additional floors could, for example, be considered in the future. A corresponding building-law permit would of course be required separately for this.
Overall, this is a high-yield existing property with a return of around 6%, good lettability and a broad income base—ideal for investors wishing to build up or expand a long-term, easily lettable property portfolio in Gießen.
**Highlights***
•Annual net cold rent approx. €89,520 >> 6% yield
•high proportion of small, very easily lettable apartments
•commercial unit directly located on Frankfurter Straße
•gas heating systems already replaced in 2015 and 2023, respectively
•predominantly renovated apartments
•spacious garden for shared use
•very good lettability due to Gießen’s university location
•additional long-term development potential
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The property is located in the southern part of Gießen, in the Kleinlinden district, directly on Frankfurter Straße. The location combines good access to the city centre with short distances to the main transport routes.
Gießen railway station, motorway connections, as well as numerous shops and everyday amenities can be reached within a few minutes. Doctors, service providers, restaurants and shopping facilities are among the amenities in the immediate vicinity.
A particular advantage of the location is its proximity to the facilities of Justus Liebig University Gießen. As a result, there is consistently high demand, particularly for smaller apartments, from students, singles, commuters and young professionals.
The combination of good infrastructure, high rental demand and proximity to Gießen city centre makes the location attractive to both residential and commercial tenants.
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