Well-maintained Apartment Building with Rental Income Potential

EUR €720,000
Bremen, Germany

Property Highlights

  • Partially renovated apartment building
  • Stable rental income
  • Central heating system recently replaced
  • Updated bathrooms and flooring
  • Private parking spaces for tenants
  • Quiet residential area near Bremen city

Overview

+ Discreet brokerage at the request of the owners + This partially renovated apartment building is located in a quiet residential area of Bremen-Huchting and impresses with its well-kept appearance and stable rental income. Built in the 1970s, the property comprises 5 residential units on two full floors and a converted attic and offers a total of approx. 340 m² of living space. All apartments are accessible via a central staircase. Thanks to ongoing maintenance and selected modernization measures, the house is in good basic condition, although there is still scope for further improvements. Important modernization work has already been carried out: The central heating system was recently replaced, and the bathrooms and floor coverings in most of the apartments are up to today's standards. The façade is still in its original condition without additional insulation, giving future owners the opportunity to raise the energy standard if required. Tenants have their own parking spaces on the property - a major advantage in this suburban location and an additional rental argument. All units are let to long-term tenants who appreciate the green, quiet surroundings and the good connections to Bremen city center (both by car and by streetcar). With this property, you are acquiring a long-term profitable property in a mature residential area. The building is already generating solid income and also offers the opportunity to increase its value and rental income in the future through further modernization. We will be happy to provide you with a detailed exposé after you contact us.
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Property Features

Bremen, Germany offers the following features:

Living Area: 3659.73sf
Property Type: Residential
Status: Active
Reference ID: 25271026

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