$407,819

Are you looking for a property with substance, solid rental income and development potential? This well-kept apartment building combines all of this - and more. An investment property with architectural charm awaits you in a prime inner-city location, just a few steps from the market square: the elegant stucco façade is an eye-catcher without the expense of listed building protection. The property comprises a total of five residential units, spread over around 280 m² of living space. Two apartments will be vacated at short notice, giving you as an investor the opportunity to restructure tenancies and adjust rental income to the current market level. The building was completely renovated between 1991 and 1995 and has been continuously maintained since then. Two of the residential units already have modernized shower rooms, which makes them even more attractive to tenants. A gas central heating system from 2013 ensures a reliable and economical heat supply. Particularly practical in everyday life: outdoor bicycle storage facilities complete the offer and make the property particularly interesting for urban target groups - singles, couples or small families. With a current annual net cold rent of €23,723 and an attractive rent factor of around 14.7, the property presents itself as a solid capital investment with a stable income situation. Thanks to the planned vacancies and the high demand for living space in central locations, there is further potential for growth. The surrounding area scores points with its short distances to stores for daily needs, doctors, cafés and cultural facilities - a location that not only impresses tenants but also investors. This property offers you a balanced mix of stability and future opportunities. Whether as an addition to your portfolio or as a strategic entry into the real estate market, you are investing in a well-maintained property with development opportunities in one of the city's most sought-after locations. We would be happy to provide you with a complete rental overview, floor plans and other property documents. We look forward to hearing from you and will be happy to advise you personally.

Amenities

• Bedrooms: 0
• Full Bathrooms: 5
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1890
• Built in 1890
• Home size: 3,016 ft² / 280.19 m²
• MLS: 25092026
• Status: Active