$1,041,581

CAPITAL INVESTORS PICKED UP - ACTUAL yield of approx. 7 % A charming residential and commercial building built in 1901 and partially modernized between 2015 and 2017 is for sale. The property is situated on a plot of approx. 985 m² and offers a generous living space of approx. 940 m². The building combines historical architecture with modern amenities and consists of a commercial unit and ten residential units. As part of the modernization measures, the water and electrical pipes as well as the sanitary facilities were partially renewed. The building was also fitted with a modern central heating system and new windows were installed in the attic apartment. The commercial unit has an area of 35 m² and is perfect for smaller business activities. The ten residential units are fully let, providing a stable and reliable source of income. The net rental income amounts to approx. 57,000 euros per year, making this property an attractive investment opportunity. All apartments are functionally designed and benefit from an advantageous room layout. The property was last partially modernized in 2017. In addition to the technical equipment, these modernizations also included renovations to the existing bathrooms. In addition to its central location, the property offers various potential uses. It is ideal for investors who are looking for a solid investment property that is already fully let. Overall, this residential and commercial building represents a rare opportunity to invest in a historic building with contemporary fittings. The combination of residential and commercial units opens up a wide range of possible uses and makes the property an interesting option for both private investors and commercial users. TOTAL ACTUAL net rent: € 57,000 p.a. Factor: 13.16 and yield: 7.6 % Interested parties who would like to see the advantages of this property for themselves are cordially invited to arrange a viewing.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1901
• Built in 1901
• Home size: 10,494 ft² / 974.92 m²
• MLS: 25421006-KAP
• Status: Active