Investment property - Apartment building Zweibrücken

Apartment building with 3 large apartments & 3 garages in Zweibrücken - listed building

An apartment building from 1898 with three spacious apartments (295 m² in total) and three garages is for sale. The façade is a listed building - this means that there is the possibility of attractive tax depreciation. The possibility of a residual use appraisal offers even higher depreciation.

The building has a full basement. Each residential unit has its own cellar room and a communal laundry room. There are three solidly built garages next to the house (built in 1984). Two of them are currently rented, one is empty.

Equipment & condition:

Wooden windows with double glazing and front door (repainted in 2020). The skylights in the attic are made of plastic and double-glazed. The roof is covered with concrete tiles and is approx. 30 years old.

Each apartment has its own gas heating, the tenants each have their own contract with the supplier.

Each apartment has its own electricity meter and water consumption is billed according to the distribution key for person-days.

Floor coverings:
Ground floor: wooden floorboards in the rooms, tiles in the hallway and bathroom
First floor: all rooms with wooden floorboards, renovated in 2018, tiles in the bathroom
DG: all rooms with vinyl flooring, tiles in the bathroom

Apartments:

Fir­st floor - 4 rooms, approx. 100 m² (vacant)
Gas heating (2023)
Bathroom in need of renovation → good potential for value appreciation
Achievable rent: approx. 600 €/month

Upper floor - 4 rooms, approx. 100 m² (rented)
Completely renovated in 2018
Gas central heating (2018)
Fitted kitchen included
current rent: 600 €/month

Top floor - 4 rooms, approx. 95 m² (rented)
Gas heating (2016)
current rent: 450 €/month
achievable rent: approx. 600 €/month

Garages:
3 solid single garages (built in 1984)
two rented, currently 90 euros per month
achievable rent: approx. € 70/garage (total € 210/month)

Current rental income:

Upper floor: 600 €/month
DG: 450 €/month
Garages: 90 €/month
= 1,140 €/month = 13,680 €/year
Achievable:
Ground floor: € 600/month
Upper floor: 600 €/month
DG: 600 €/month
Garages: 210 €/month
= 2,010 €/month = 24,120 €/year

The sale is private, therefore no brokerage fee.