$1,448,103

This well-maintained apartment building with a total of 13 units and a rentable area of approx. 828.00 m² impresses with its solid construction, good tenant structure and central location in the up-and-coming district of Kiel-Gaarden. It is a property that offers you both a good return and long-term rentability. The City of Kiel is the long-term anchor tenant with a girls' club on the first floor and second floor. It is a reliable and creditworthy tenant that guarantees stability and planning security. The apartments above are functionally designed, bright and friendly. Generous window areas provide plenty of daylight and the well-designed floor plans create a pleasant living atmosphere. Cellar rooms and storage facilities for bicycles are available for tenants. Overall, the property is in good condition and has been regularly maintained. In addition, the continuous rent adjustments contribute to a stable and sustainable income trend. Another plus point is the environmentally friendly and efficient heating via district heating, which ensures a reliable heat supply and also contributes to a positive energy balance. There is also a radio antenna on the roof of the building, which generates additional rental income and further increases the attractiveness of the property as a capital investment. The location in Kiel-Gaarden offers a good infrastructure, as shopping facilities, schools, kindergartens, doctors and public transport stops are in the immediate vicinity. The city center and the Kiel Fjord can be reached in just a few minutes. This versatile apartment building has a solid tenant structure, an attractive mix of uses, a stable income base, continuous rental growth and additional income from a roof antenna. It is a sustainable investment in the state capital of Kiel that is equally worthwhile for investors.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1908
• Built in 1908
• Home size: 7,136 ft² / 662.95 m²
• MLS: 25471058
• Status: Active