$375,445

For sale is a spacious apartment building with two floors, a converted attic and a living space of approx. 360 m². A further expansion reserve is still available in the attic. The property is situated on a plot of approx. 1,420 m². The apartment building was built in 1956 and has been renovated and refurbished as required in recent years. It therefore offers a remarkable opportunity for investors who recognize the potential for modernization. The property has a central location, which makes it particularly attractive. The house comprises a total of 18 rooms, including 12 bedrooms and 6 bathrooms, spread over six residential units. The majority of the individual apartments consist of 3 rooms and are between approx. 50 m² and approx. 80 m² in size and are characterized by simple furnishings. The kitchens are owned by the tenants and are not included in the asking price. The cellar rooms belonging to the apartments provide additional storage space. There is also a shared laundry room and a party cellar for the tenants. The room layout offers flexible usage options, both for families and for investors who wish to continue renting. A particular advantage of this property is the divisible plot, which can be used as a building plot. This feature opens up additional options for an extension or the construction of new units, depending on the buyer's needs and plans. The 6 apartments in the property are each heated by their own gas heating system. The tenants are billed directly by the supplier. On the rental side, the property generates an annual net cold rent of 20,868 euros, which represents a constant source of income. Given the constant demand for living space in central locations, there is an opportunity here to increase the attractiveness through renovations and potentially achieve higher rental yields. The central location of the property is one of its greatest advantages. In the surrounding area you will find a wide range of shopping facilities, doctors and pharmacies, schools and public transport, ensuring excellent connections. There is the future-oriented possibility of participating in the energy revolution through the planned local heating connection by the municipal utilities with a combined heat and power plant in your own garden (including additional income). We will be happy to provide further information during a viewing. For investors looking for an attractive opportunity to gain a foothold in the real estate sector, this property offers remarkable opportunities for value creation. Its central location combined with the stability of the tenancy and the potential for adaptation and expansion of the building make it a worthwhile project.

Amenities

• Bedrooms: 12
• Full Bathrooms: 6
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1956
• Built in 1956
• Home size: 3,875 ft² / 360.00 m²
• MLS: 25037009
• Status: Active