$431,251

With a total living space of 327 m² and four well-designed residential units, this 2-storey apartment building offers a solid investment in Aurich. The property was built in 1922 and is in a well-kept condition. The central location ensures a high level of attractiveness for tenants thanks to the short distances to stores, schools and other facilities for daily needs.The property has a basement and each residential unit is equipped with its own gas condensing boiler; the electrics and pipework are up to date. The first floor apartment on the left has been renovated. The green area at the rear of the building offers a covered seating area and four parking spaces on the property. As there is no listed building status, future modernizations are easy to implement.Overview of the residential units:-Apartment 1: approx. 80 m², rented for € 700-Flat 2: approx. 79 m², rented for € 550-Flat 3: approx. 80 m², rented for € 650-Flat 4: approx. 88 m², rented for € 650ACTUAL: The monthly rental income is € 2,550, which corresponds to an annual net cold rent of € 30,600. With a total living space of 327 m², this results in an average net cold rent of € 7.80/m². The sales price of € 419,000 corresponds to a factor of 13.69.TARGET (potential): A rent adjustment to €8.50/m² could increase the monthly net cold rent income to €2,780 and the annual net cold rent to €33,360, which would reduce the factor to 12.6. This potential shows the possibility of optimizing income and makes the property an attractive investment.The property can be taken over as an asset deal on 31.12.2024. A current energy performance certificate is currently being prepared. The rental agreements are available for review.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 3,519 ft² / 326.92 m²
• MLS: 2433528C
• Web ID: YHKKSJ
• Status: Available