$337,302

This apartment building, built in 1800, offers an attractive investment opportunity in a central location in Michelstadt The property has four separate, currently fully let residential units, which currently generate annual net cold rental income of approx. 16,968 euros.The two floors are each divided into 2 residential units: a 1-room apartment and a 3-room apartment on the first floor and on the upper floor.The gas central heating was renewed in 2022. In addition, the attic offers expansion reserves that make it possible to create further living space.The property offers a charming and characterful appearance thanks to its historic construction and well-preserved condition. Even though the furnishings are rather basic, the potential for modernization opens up further development opportunities.Overall, this apartment building offers a solid opportunity to invest in a property with stable income potential in a sought-after location.For further information or to arrange a viewing appointment, please do not hesitate to contact us.

Amenities

• Bedrooms: 0
• Full Bathrooms: 4
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 1,980 ft² / 183.95 m²
• MLS: 24177017
• Web ID: 25WU4P
• Status: Available