Multi-family house, approximately 600 square meters, with 10 units, located in Zirndorf. Private sale, no commission.

For sale is a well-maintained multi-family building with a total of 10 units, comprising 7 residential units, 1 mobile phone shop, and 2 commercial units (a Thai massage parlor and an IT company). The commercial units can be easily converted into residential space at any time. This results in approximately 500 square meters of living space! The building was constructed in 1961 using solid construction methods with concrete floors and has been extensively modernized in recent years. The property boasts a stable and long-standing tenant base, a central location, and numerous ongoing renovation and maintenance projects. Both the basement and the attic are available for communal use by the tenants. In addition, 3 garages are rented out on a long-term basis, generating further income.

_____________________­___________________
Property Details:
• Property Type: Multi-family building with commercial space
• Year Built: 1961
• Land Area: approximately... 251 m²
• Total area: 596.2 m², divided into commercial space 208.85 m² and residential space 387.35 m²
• Total number of units: 10 (7 residential / 3 commercial)
• Garages: 3 (rented out)
• Floors: 4 full floors + basement + attic
• Construction: Solid construction, concrete floors
• Heating: Gas-fired central heating in each unit
• Energy performance certificate: Available
____________________­____________________
Renovatio­ns and improvements (selection from recent years)
The building and the residential units have been regularly modernized and brought up to current technical standards. Key improvements include:
• PVC windows (replaced in 1992/1993)
• Facade with insulation coating
• Chimney renovation, approximately 2012
• Roof insulation, approximately 2014
• Renovation of the stairwell, approximately 2014
• Paving of the staircase leading to Ölstraße, stonework
• New intercom system with video function
• Sewer inspection and repair, 2019
• Dormer renovation, 2023/2024
• New fireplace construction, 2024
• Partial facade renovation towards Ölstraße / Nürnberger Straße
• Ongoing renovations of individual units after tenant departure. Technical Renovations:
• Gas pipes completely renewed from the basement to the attic.
• New electrical risers installed from the basement to the attic.
• New meter cupboard installed in the basement.
• New water inlet system with a modern filter and shut-off system.
These measures ensure a modern technical standard and significantly reduce future maintenance requirements.

Tenancies
The property is fully let. The current gross rental income is approximately €85,000 per year. The current net rental income is approximately €70,000 per year. Details of the individual rental units, rental income, and tenancy arrangements can be found in the Excel spreadsheet detailing the tenants. The combination of residential and commercial spaces results in a stable rental income with an attractive return 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.