From private owner Multi-family house p.a. 53819,76,- Investment yield property

This attractive multi-family house was built in 1963 using solid brick construction on a 412 m² corner lot. The four-story building is exceptionally well-maintained and comprises eight apartments with a total living area of approximately 548 m², plus a full basement. The usable area is 137 m².

The building was extended upwards in the mid-1970s. Benefit from a property in excellent condition, which is continuously maintained. In recent years, various improvements have been made, including the renovation of the flat roof, a new coat of paint for the facade, and various renovations to the apartments, to name a few. Each full floor contains two apartments, offering individual apartment sizes ranging from approximately 66 m² to around 71 m². The current annual gross rental income from the eight apartments is €53,819.76. A long-term increase in rental income is assured. A significant advantage is the central heating system, which is supplied via district heating. Hot water is provided by on-demand water heaters. Furthermore, all apartments feature double-glazed plastic windows. The roof was replaced in 2014 with durable roofing felt. The facade was constructed using solid brickwork. The building was recently repainted in modern colors, with shades of anthracite and light gray. The structural integrity of the building and its technical systems are continuously maintained, and necessary repairs are addressed promptly. The property is fully basemented and offers tenants convenient storage space. Furthermore, the property has been professionally managed and maintained by a property management company for many years.

The city of Neumünster is located in the center of beautiful Schleswig-Holstein and is the fourth largest city in the northernmost federal state. The population remains constant at around 80,000, with a slight upward trend.

The property is situated in a traffic-calmed street in an extremely central location, meaning that public transport, Neumünster train station, all shopping facilities, schools and kindergartens can be reached in just a few minutes. All important local suppliers, doctors and pharmacies are also in the immediate vicinity.

To the north towards Kiel and to the south towards Hamburg, the highway 7 and the federal highway 430 offer excellent connections to the North Sea and Baltic Sea.