High-yield apartment building with garage courtyard

The ideal property for private investors for sale. Apartment building with 9 apartments / 705 m² living space and a garage yard with 5 garages. The property is fully let and there are no rent arrears. The net cold rent is EUR 66,294 per year. Most of the apartments have index-linked rental agreements, so that legally secure rent increases can be carried out regularly and with little effort. There is additional revenue potential through outdoor advertising.

All apartments are heated by gas-fired floor heating systems. There are already district heating pipes in the street. In the unlikely event that Habeck's heating law survives the next general election, the building could be converted to district heating with relatively little effort.

Over the past 10 years, more than EUR 270,000 has been invested in modernization and maintenance. Among other things, the house roof has been completely re-roofed and insulated, the garage roof has been renewed and the garage doors have been fitted with electric sectional doors from Hörmann. In addition, various apartments were completely refurbished or (partially) renovated and fitted with new bathrooms and new gas boilers. Many windows were replaced with Kömmerling or Velux windows. Various balcony floors were given a new 2K coating. In addition, the entire façade of the house and garages was given a fresh, high-quality coat of paint. And the waste garbage can system was extended.

With a standard land value of EUR 500/m² and a plot size of 665 m², the land value is EUR 332,500.

If you are interested in purchasing the property, please arrange an external viewing first. Please then contact us by telephone. If you are specifically interested in buying, we will then give you access to numerous documents and extensive photo documentation so that you can examine the property in detail in advance of a subsequent viewing.

Please refrain from contacting estate agents.