Property Highlights

Two apartment buildings with central single-storey building
Approx. 2,157 m² total rental area
25 fully rented units including commercial spaces
Most units modernized; some maisonette top floors
Potential for top-floor extension in rear building
Three garages plus outdoor parking space available

Overview

This well-kept and long-term developed ensemble, consisting of two apartment buildings with front and rear buildings and a single-storey central building, is located in the heart of Maxvorstadt. Both properties are actually divided and have separate land registers - a significant advantage for future utilization or sales strategies. The total rental area is approx. 2,157 m² and is divided into 25 fully let units - including two commercial areas on the first floor (restaurant and office) and predominantly residential use on the upper floors. The apartments range in size from approx. 37 m² to approx. 107 m² and thus appeal to a broad target group. Most of the units are in a modernized condition; individual apartments on the top floor of the front building have been converted into attractive maisonette units. There is also additional development potential on the top floor of the rear building as part of a possible extension (subject to building law review). The property has been continuously maintained and modernized in recent years. The overall condition is well-kept and the maintenance strategy is sustainable and secured for the long term. The current net rent p.a. amounts to approx. 527,000 euros. The property includes three garages and an outdoor parking space - an attractive feature given the urban location and an additional plus point for rentability. * We will be happy to answer any questions you may have at any time!

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