$1,526,351

For sale is a solid package of two neighboring apartment buildings in the popular station suburb. Both properties date from around 1905 and were extensively renovated at the end of the 1990s. In total, both houses comprise 16 residential units with a total living space of around 663 m². The offer convinces with strong rental income. House I This apartment building was modernized around 1998 and stands on a plot of around 293 m². It has 8 residential units with a total living space of around 338 m². The apartments are rented as 1- to 2-room units with balconies and are characterized by a compact, easily rentable structure. The building has a full basement and is in a well-kept condition. The monthly rental income is around EUR 3,300, which corresponds to an annual net cold rent of around EUR 39,600. House II The second apartment building is located directly next door on a plot of approx. 292 m². This house also has 8 residential units with a total living space of around 325 m². The floor plan structure is comparable to House I: compact, easily rentable 1- to 2-room apartments, also with full basements and fully let. Here too, the rental income is around 3,300 euros per month or 39,600 euros per year. Overall view With a total monthly rental income of around 6,600 euros and an annual net cold rent of around 79,200 euros, the average rent is around 9.95 euros per square meter. The current factor is around 16.4, the gross yield around 6.09 % - an attractive ratio for long-term investors. The Bahnhofsvorstadt is one of the most sought-after locations in the city and impresses with its proximity to the main railway station, short distances to the city center and good local amenities. The demand for residential space in this central location is consistently high and ensures the long-term rentability of the residential units. A solid overall package with good cash flow, potential for value appreciation and an attractive location - ideal for investors who value substance, location quality and reliable income.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1905
• Built in 1905
• Home size: 7,136 ft² / 662.95 m²
• MLS: 25165031
• Status: Active