$919,279

+ Discreet brokerage at the request of the owners + This well-kept apartment building in Bremen's up-and-coming Neustadt district offers a solid building structure and interesting development potential. The building from the 1950s comprises 6 residential units on 3 full floors plus a converted attic and has a total living space of approx. 360 sqm, 329 sqm of which can be rented out. Thanks to ongoing maintenance and targeted modernization work, the property is in good condition and can already be rented out reliably. Important renovations have already been carried out in recent years: The heating system, bathrooms, sanitary pipes and windows have all been replaced in the last 10 years. However, major energy efficiency measures - such as external insulation of the façade or roof - are still pending, which means there is further potential for value appreciation. The building also has a partial basement and offers residents practical storage space as well as a small communal courtyard inside. All apartments are currently let, meaning that attractive rental income is generated directly. The location in Neustadt is characterized by very good transport links (bus and streetcar) and a lively environment with shopping facilities, cafés and parks - a plus point for rentability. The living comfort can be further enhanced and the value of the property increased in the long term with manageable further modernization. Overall, this is an attractive investment in a dynamic district that is of interest to both portfolio holders and developers. We will be happy to provide you with a detailed exposé after you contact us.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1956
• Built in 1956
• Home size: 3,875 ft² / 360.00 m²
• MLS: 25271023
• Status: Active