Investment property in a condominium package – Four apartments, many possibilities, 100% ownership!

Key facts

Purchase price & costs

About this house

This well-maintained multi-family house dating from 1930 combines the charm of solid period construction with comprehensive modernization and offers investors an attractive and sustainably profitable investment opportunity. The property consists of four legally independent condominiums with a total living area of approximately 238 m² and is situated on a generous 620 m² plot.

In 2001, the building underwent comprehensive renovation. Among other things, the roof, façade including external thermal insulation composite system, windows, and utility lines were renewed. The central gas heating system was modernized in 2011 and further optimized in 2021 by replacing the buffer storage tank. The solid construction combined with the modernization measures carried out ensures sustainable value retention and an overall well-maintained appearance.

The property is predominantly rented: Three of the four residential units already generate ongoing rental income, while the spacious attic maisonette is currently owner-occupied and therefore offers additional rental potential. The current annual net cold rent amounts to €11,040, with realistic potential to increase to approximately €17,940 at full occupancy under customary local conditions. This gives investors a clear opportunity to optimize returns.

The individual apartments are presented in a contemporary condition. Three units have been modernized in recent years (2020 and 2024) and feature appealing layouts, bright bathrooms with natural daylight, and modern fixtures and fittings. The attic apartment additionally impresses with its maisonette layout, fitted kitchen, underfloor heating in the bathroom and kitchen, as well as a fireplace renewed in 2021 – a genuine highlight offering exceptional residential value.

The building has a full basement and provides each unit with its own basement room as well as a shared laundry room. The property offers residents three parking spaces and a garage complex with three garages – a significant advantage for rental potential. An outdoor laundry-drying area completes the offering.

Particularly noteworthy is the clear legal structure: Each apartment has its own condominium land register, and no rights in rem are registered – ideal conditions for flexible investment strategies, whether through an overall sale or potentially in the Individual sale.

The property is not listed as a historical monument, is connected to the public sewer system, and has an energy performance certificate. In addition, a high-performance Internet connection of up to 500 Mbps is available – an increasingly important factor for tenants.

Overall, this is a solid, well-maintained investment property with development potential, a stable tenant structure, and attractive prospects for increasing returns – an ideal opportunity for investors who prioritize sustainable value and long-term income security.

Location