$504,465

This property is a Gründerzeit apartment building (built around 1897), which was originally built for commercial and residential use on a 1,494 m² plot of land and has been extended, converted and reused several times over the last 125 years or so.For example, around 1980 a new building was erected behind the existing building, which has been connected to the old building by a connecting structure since 1988, and the attic was extended.The building currently has a total of nine residential units, each with a living space of 40 to 100 m², spread over three floors and covering around 563 m².The house also has a full basement with around 130 m² of usable space, a double garage built around 1955 in the courtyard with around 40 m² of usable space and four prefabricated concrete garages built around 1980 in a chain construction, each with around 14 m² of usable space.The floors are divided as follows:Ground floor: 2 rooms, 47 m² with separate entrance and 3 rooms, 100 m² with terrace, as well as 2 rooms, 40 m² (new building).1st floor: 3 rooms, 71 m² and 3 rooms 69 m² with balcony, as well as 3 rooms, 85 m² with balcony (new building).2nd floor (attic): 3 rooms, 71 m² and 2 rooms, 50 m², as well as 1 room, 30 m² (new building).Each apartment has a bathroom and a kitchen.Heating and hot water are supplied centrally by an oil heating system (built in 2003 according to the energy certificate) with a 300 liter hot water tank. The associated oil tank system consists of four plastic tanks, each holding 2,000 liters, i.e. a total of 8,000 liters, and is also located in the basement and was professionally renovated and modernized in 2019.A current energy certificate (consumption certificate, energy class E, 136.1 kWh/(m²*a)) is available.The façade facing the street was freshly renovated in 2023, as was a new metal fence in the front garden.The entire building has always been well maintained over the years, so there is no renovation backlog here.Two apartments on the 2nd floor are currently vacant, in the 71 m² apartment in the old building all electrical wiring has recently been renovated. The apartment of 30 m² in the new building still needs to be renovated before it can be rented out again.A total of seven apartments with around 462 m² of living space are currently rented, the rental income p.a. amounts to around EUR 27,550.00 (actual rent, target rent at full occupancy is around EUR 33,375.00).The large property plot of 1,494 m² offers further potential for use and design.All in all, this solid property is an interesting property for investors.

Amenities

• Bedrooms: 13
• Full Bathrooms: 9
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 6,060 ft² / 562.99 m²
• MLS: 24113021
• Web ID: RPUBGQ
• Status: Available