10 units in Zirndorf from private owners

For sale is a well-kept apartment building with a total of 10 units, consisting of 7 residential units, 1 cell phone business and 2 commercial units (Thai massage and IT company).
The building was constructed in 1961 in solid construction with concrete ceilings and has been extensively modernized in recent years.
The property boasts a solid and long-standing tenant structure, a central location and numerous ongoing refurbishment and maintenance measures. Both the cellar and the attic are available to tenants for communal use.
In addition, 3 garages are rented on a long-term basis and generate further income.
_____________________­___________________
Property data
- Property type: Apartment building with commercial space
- Year of construction: 1961
- Plot size: approx. 251 m²
- Total area: 596.2 m² divided into commercial 208.85 m², living area 387.35 m²
- Total number of units: 10 (7 residential / 3 commercial)
- Garages: 3 (rented)
- Floors: 4 full floors + basement + attic
- Construction: solid, concrete ceilings
- Heating: gas floor heating in each unit
- Energy certificate: available
___________________­_____________________

Renov­ations and refurbishments (excerpt from recent years)
The building and the residential units have been regularly modernized and brought up to the latest technical standards.

Important measures at a glance:
- Plastic windows (renewed 1992/1993)
- Facade with insulating paint
- Chimney renovation approx. 2012
- Roof insulation approx. 2014
- Renovation of the staircase approx. 2014
- Fixing of staircase to Ölstraße, stone work
- New intercom system with video function
- Sewer inspection and repair 2019
- Renovation of dormer windows 2023/2024
- New chimney construction 2024
- Partial renovation of the façade facing Ölstraße / Nürnberger Straße
- Ongoing renovation of individual units after tenants move out

Technical renovations:
- Gas pipes completely renewed from the basement to the top floor
- New electrical risers laid from the basement to the top floor
- New meter cupboard installed in the basement
- New domestic water inlet with modern filter and shut-off system
These measures ensure a modern technical standard and considerably reduce future maintenance requirements.
_______________­_________________________
Ten­ancies
The property is fully let.
Gross rent currently approx. 85,000 € p.a.
Net rent currently approx. € 70,000 p.a.
The individual rental areas, rental income and rental relationships can be found in the Excel tenant list.
The combination of residential and commercial space results in a stable rental income with an attractive yield and further potential.

The apartment building is located in the heart of Zirndorf, in the immediate vicinity of the city center.
Public transport, shopping facilities, restaurants, schools and leisure activities are all in the immediate vicinity.
The city center and the main train station can be reached in just a few minutes, making the location very attractive for both residential and commercial tenants.