Vacant MFH with 4 apartments for renovation / accommodation for fitters

The apartment building is centrally located in Horneburg in the street Vordamm. The center and train station are within walking distance.

The house consists of 4 separate apartments with sizes between 51 m² and 71 m² and 3 rooms each.

The apartments have a renovation backlog. Costs of around EUR 60 thousand are to be expected here.

Due to the size of the apartments, they can be rented for at least €10/m² after renovation. Depending on the standard implemented, possibly even more. This results in an attractive yield of more than 5.50%. Not taking into account a probable increase in value after the connection of the A26 and the rising real estate prices due to the housing shortage.

Alternatively, the property can also be rented out for special purposes, for example as accommodation for fitters. The entire property is free of tenancies and can be renovated according to requirements. Due to the good location between Buxtehude - Stade - Altes Land (fruit growing) and the direct highway connection, there is a high demand for accommodation here.
The house offers space for larger groups, which is otherwise very difficult to find.

Central location in Horneburg.
Only a few kilometers to Buxtehude, Stade and the Alte Land.
Very well connected via federal highway 73, A26 and S-Bahn line to Hamburg main station.