$2,194,179

Welcome to a promising investment opportunity in Lüneburg! This apartment building offers 15 residential units and represents a lucrative capital investment with great development potential. With a total living space of approx. 969 m² and a generous plot area of approx. 2,128 m², the property offers a wide range of opportunities to increase returns.Built in 1967, the apartment building is in a largely unmodernized condition, which offers you as an investor the opportunity to significantly increase the value through targeted renovation measures. The solid building fabric provides a good basis for securing attractive rental income in the long term through modernization.The property includes 12 garages, which offer tenants additional convenience and generate additional rental income. The current actual net rental income is € 48,096.00 per year, while the target is € 101,210.40. This potential can be fully exploited through targeted modernization and strategic letting.The property is located on a leasehold plot with an annual ground rent of € 3,808.51 and a term until 31.12.2065. The location in Lüneburg is particularly attractive as it offers good infrastructure and connections to Hamburg and at the same time there is a high demand for living space in the region.Take advantage of this opportunity to acquire a promising property in a sought-after market and fully exploit the existing potential through modernization. Arrange a viewing today and discover the opportunities offered by this investment!

Amenities

• Bedrooms: 0
• Full Bathrooms: 15
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 10,430 ft² / 968.97 m²
• MLS: 24105020
• Web ID: DZBU5Z
• Status: Available