$854,408

This apartment building is located in Obotritenring 179-187 and is part of a listed residential block. The house was built in 1927 and is in a well-kept condition. In total, the house has eight residential units, all of which are fully rented and achieve an annual cold rent of € 40,100.The living space amounts to approx. 510 m², while the property covers an area of approx. 596 m². The 20 rooms can accommodate a total of 8 bedrooms and 8 bathrooms. There are six balconies and terraces, which offer a beautiful view and relaxation opportunities.The property consists of four two-room and four three-room apartments. The first floor apartments have a private garden. Each apartment has its own gas boiler, which has been renewed in six units since 2016. In the remaining two units, the gas boilers were renovated in 1994. The apartments are provided with a normal quality of equipment.In the attic of the property there is the possibility to generate additional living space via an extension.Each tenant has access to a cellar and an attic.For each apartment there is a certificate of seclusion.The house is a solid investment, as it is fully rented and generates a stable annual cold rent.This property is ideal for investors interested in a centrally located income property with plenty of living space. It offers attractive rental income that provides secure investment opportunities. The house is also ideal as a long-term investment.

Amenities

• Bedrooms: 8
• Full Bathrooms: 8
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 5,489 ft² / 509.94 m²
• MLS: 23164006
• Web ID: G4YNS5
• Status: Available