Modernized apartment building in Salzgitter-Reppner Top yield 6.4%

Private sale - No broker's commission!

Save the usual estate agent fees of 5.95% and take advantage of this opportunity!

Excellent capital investment:
Gross rental yield of 6.4%
Price: 540000€ VB

We are open to realistic price offers.

Photovoltaic system
Low service charges
current total: gas, electricity, water, tax, garbage, Schonstein fee and building insurance
650€ per month for 3 apartments (8 people)
I.e. per apartment all incl. under 220€.
For sale is a charming apartment building in Salzgitter-Reppner. This solidly built property from 1913 has been extensively renovated and modernized and is situated on a plot of approx. 417 m². It comprises three separate residential units, which are currently rented out and offer an excellent investment opportunity.

Key data of the property:
Living space:
First floor: approx. 125 m²
Second floor: approx. 125 m²
Top floor: approx. 90 m²
Plot: approx. 417 m²
Year of construction: 1913
Building type: Solid construction (no half-timbered construction)
Partial basement
Features:
Garden with barbecue fireplace and two covered terraces
Two balconies
Double carport with adjoining shed
Additional parking spaces for up to 8 vehicles
Two wall boxes for electric car charging stations (installed in 2021)
Photovoltaic system (8.06 kWp, installed in 2014) to generate electricity for own use and feed into the grid (contract until 2034)
History of refurbishment and modernization:
1997:
Core refurbishment inside: Walls, floors, doors, water pipes, fittings, electrics, windows with shutters, heating system (incl. pipes and radiators), staircase
2000:
Exterior renovation: Insulation, cladding with full clinker brick resulting in top energy values see energy certificate, new balconies, double carport, paving and fencing of the property
2001:
Roof renovation with gables on both sides
2009:
Interior modernization: Friction plaster and interior doors on the ground and upper floors
2012:
Modernization of the attic apartment (electrics, insulation, plastering)
2014:
Renovation­ of the three bathrooms (incl. use of well water for toilet flushing and washing machine)
Installation of the photovoltaic system
Purchase of a new Buderus gas central heating system with solar hot water support
2021:
Installation of a new front door with fingerprint access
Residential units:
First floor (approx. 125 m²):
5 rooms, bathroom, kitchen
Tiles, laminate, underfloor heating in the bathroom, fitted kitchen, satellite system, windows with external blinds and fly screens, interior walls with textured plaster
Upper floor (approx. 125 m²):
5 rooms, bathroom, kitchen
Identical furnishings as on the first floor
Top floor (approx. 90 m²):
3 rooms, bathroom, kitchen
Renovated in 2014, similar furnishings
Special feature:
The current residents, who also own the building, guarantee a rental yield for a further three years after the sale. This offers you planning security and an attractive return.

Contact and viewing:
If you are interested, we look forward to receiving your inquiry with full contact details. Viewings are possible by appointment.

Location description
The apartment building is located in Salzgitter-Reppner, a quiet and family-friendly district in the north of Salzgitter. The location is characterized by a pleasant residential atmosphere and offers an ideal combination of tranquillity and easy access to important urban infrastructure.

Transport connections:
Reppner is well connected in terms of transportation. The B6 federal highway can be reached in a few minutes and connects you quickly with the surrounding cities such as Braunschweig and Goslar. The A39 highway, also a short distance away, provides quick access to the A7 and A2. Public transport is within walking distance, ensuring good connections to the city center and other parts of the city.

Local amenities:
There are various shopping facilities for daily needs in the immediate vicinity, including supermarkets, bakeries and pharmacies. The nearby town center of Salzgitter-Bad also offers a variety of stores, restaurants and cafés.

Education and leisure:
Families with children benefit from the proximity to nurseries and schools, which are easily accessible. There are numerous leisure activities in the surrounding area, including sports clubs, a swimming pool and cycle and hiking trails in the countryside. Lake Salzgitter, a popular excursion destination, is only a few minutes away by car and offers a wide range of leisure and recreational opportunities.

Health and services:
In the surrounding area you will find doctors of various specialties, a modern hospital in Salzgitter-Bad and other healthcare facilities. Banks, post offices and other services are also available nearby.

Living environment:
Reppner is known for its rural and green surroundings. The neighborhood consists mainly of detached houses and apartment buildings, which create a pleasant and well-kept living atmosphere. Here you live in a quiet yet central location with direct access to the natural areas around Salzgitter.