MFH (Multi-Family House) with 3-4 units. Good income potential. Excellent location. Modernized by a private owner.

This beautiful house consists of three separate living units, each with its own entrance. The main house was built in 1920, and an extension with two apartments was added in the 1990s, carefully designed to complement the style of the original villa. You are buying directly from the owner, saving on realtor fees. Rental income can be substantial. The property sits on approximately 700 square meters of land and features a large garden, two terraces, a seating area, and a garden shed. A lovely, healthy pond with many plants creates a pleasant atmosphere. The villa itself offers ample space with approximately 160 square meters and could also be converted into two separate apartments. On the ground floor, you'll find 3 rooms, a kitchen, and a bathroom, as well as a pantry and a storage room directly off the kitchen. A roughly 40 square meter basement can be used as storage and a workshop. The upper floor also has 3 rooms, a kitchen, and a bathroom, as well as a spacious hallway with a small seating area. From the upper floor, a wooden staircase leads to a spacious, finished attic. The second apartment, (with a bedroom, living/dining room, kitchen, bathroom, and storage room), is located on the ground floor of the extension and is approximately 48 square meters in size. This apartment includes a portion of the garden and a small terrace. This apartment is currently rented. The third apartment is located on the upper floor of the extension and is approximately 80 square meters in size. It features a bedroom, kitchen, bathroom, living/dining room, a storage room, and a large, finished studio in the attic, which serves as a fully functional living space. By renting out one apartment to vacationers and another to a nearby vocational school for young adults, very good income can be generated. This combination allows for nearly year-round occupancy. The property also includes a large garage. The house has been modernized several times over the years, and a list of these improvements will be provided.

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.