Opportunity: Apartment building for spacious living and additional income. Without estate agent!

This beautiful house consists of three closed residential units, whereby a fourth apartment can also be created with little effort. The main house was built in 1920, an extension with 2 apartments was built in the seventies and beautifully adapted in the style of the old villa. It is surrounded by a large garden, two terraces, as well as a sitting area and garden shed. Next to it is a beautiful, healthy pond with many plants and goldfish.
The villa offers the largest apartment with approx. 160 square meters and has on the ground floor 3 rooms, kitchen and bathroom, a dining room and a storage room directly from the kitchen.
From the ground floor there is access to a cellar of approx. 40 sqm, which serves as a storage room and workshop.
Upstairs there are also 3 bedrooms, a kitchen and bathroom as well as a spacious hallway with a small sitting area. This part could easily be turned into a fourth apartment. A wooden staircase leads from the upper floor to a spacious converted attic.

The 2nd apartment (with bedroom, living/dining room, kitchen, bathroom and storage room) is located on the ground floor of the extension and is approx. 48 sqm in size. This apartment has a garden and a small terrace.
This apartment is rented permanently.

The 3rd apartment is located on the upper floor of the extension and is approx. 80 sqm in size.
There is a bedroom, kitchen, bathroom, living-dining room, a storage room and a large converted attic, which is a fully-fledged living space.
This apartment is rented out as a vacation home with almost year-round occupancy.
By renting it out, the house practically finances itself and also offers good income.
In addition, a very favorable loan agreement (1.39%) with a long term can be taken on, subject to appropriate creditworthiness.

The house also has a spacious garage.

The house has been modernized again and again over the years.
e.g. approx. 2015 a new front door, new windows in the bathroom and kitchen, as well as new steps to the front door from the outside.
Most recently, in 2022, underfloor heating was installed on the ground floor of the main house, a decalcification system and new windows in the living room, dining room and a new patio door. The driveway was also repaved.

This spacious apartment building is located in the quiet neighborhood of Bad Malente-Gremsmühlen.
Thanks to the spa clinics and tourist attractions, this tranquil town offers everything that can otherwise only be found in larger towns.
Various shopping facilities, restaurants, schools, doctors and pharmacies are in the immediate vicinity. A large spa park, two lakes and many beautiful leisure activities make the town even more attractive.