$395,698

The apartment building with a total of three residential units is in a central location and has a living space of approx. 205.21 m². The building was built in 1932 and converted into separate apartments of approx. 71, 68 and 66 m² in 1994 and divided according to the WEG. The quality of the furnishings in the building can be classified as normal.The property is let on a long-term lease and generates an annual net cold rent of €15,000. The target rent is € 19,800 per year. Heating is provided by a gas condensing central heating system, which was installed in 2011. The roofs of the building were renewed in 2013 and 2018, and blown-in insulation was carried out in 2010. The electrics were overhauled in 1994.The residential units have wooden windows from 1994, which are equipped with manual shutters. The balcony was insulated and the railings replaced in 2013. The attic ceiling was insulated in 2008 and a new floor-loading staircase was installed.The kitchens in the apartments were renovated in 2013, 1994 and 1994. The property also has a fiber optic connection. The bathrooms and tiles in the hallways and kitchens were renovated in 1994, while carpet, laminate or click vinyl was laid in the other areas. The tenants have been in the residential units since 2007, 2016 and 2013.Overall, this apartment building presents itself as a solid investment opportunity with long-term rental income. With its renovations and refurbishments in recent years, it offers potential for further value appreciation. Interested parties are cordially invited to arrange a viewing to get to know the property better.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 2,208 ft² / 205.13 m²
• MLS: 24271066
• Web ID: QRBFUA
• Status: Available