$1,015,122

This well-kept apartment building with a total of eight spacious residential units and a usable commercial space on the first floor is centrally located in Kiel. The property is ideal for investors who value long-term rentability and good development potential. The four-bedroom residential units have functional floor plans and offer bright and friendly rooms with a pleasant living atmosphere thanks to large windows and balconies. From couples and families to shared flats, the apartments appeal to a wide range of tenants. The apartments are modern and in good condition. All apartments are equipped with state-of-the-art fitted kitchens and have refurbished bathrooms with showers. The balconies are an extension of the living space to the outside and contribute to a significant increase in the quality of living. The first floor houses a commercial unit that can be used flexibly or rented out - whether for retail, services or offices. It offers an additional source of income and rounds off the usage concept in a meaningful way. In recent years, the property has been continuously modernized, including in the areas of electrics, kitchens and bathrooms. Heat is supplied by district heating - efficient, reliable and future-proof. The location in the Gaarden district offers good connections to Kiel city center and public transport. Shopping facilities, schools and medical care are in the immediate vicinity. The Gaarden district is constantly developing and offers long-term rental growth prospects. The property combines stable rental income with appreciation potential. An attractive investment opportunity in a dynamic environment.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1909
• Built in 1909
• Home size: 7,287 ft² / 676.98 m²
• MLS: 25471017
• Status: Active