$3,455,457

This well-kept apartment building from 1888 impresses with a successful combination of historical charm, solid building fabric and attractive development potential. A total living space of approx. 1,070 m² is spread across several residential units in the front building, side building and rear building on a plot of approx. 618 m². The property is fully let and currently generates an annual rental income of around € 114,480. Targeted modernization and a possible loft conversion could increase the income to up to € 190,000 p.a. in the medium term. The house has been continuously maintained: The electrical and water pipes have been renewed where necessary - old lead pipes have been completely removed and replaced with modern materials. The roofs of the side and rear buildings were re-roofed in 2023; the roof of the front building dates from the 1970s and offers potential for expansion. The furnishings of the residential units are functional and well maintained, with a mixture of preserved original floorboards and modernized floor coverings. The bathrooms have also been successively renovated, resulting in different levels of fittings. Modern plastic windows with double glazing ensure good insulation and low maintenance. Heating is provided by gas and electricity, while hot water is heated decentrally by gas. A natural gas connection is available. In addition, the property is located in a priority area for district heating with a planned connection from around 2027 - a future-oriented plus point for energy efficiency. A solid apartment building with history, ongoing rental income and convincing potential for increasing returns. Ideal for investors looking for a long-term and valuable investment in a sought-after location.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 1888
• Built in 1888
• Home size: 11,517 ft² / 1,069.96 m²
• MLS: 25015033
• Status: Active