MFH with 9 residential units in Neumünster Wittorf

Well-maintained apartment building with 9 residential units in Neumünster

For sale is a well-maintained apartment building with 9 residential units on a spacious plot of approx. 1,419 m² in a quiet residential area of Neumünster.
The building was erected in 1973 in solid construction, regularly maintained and has a total living space of approx. 616 m².

Special feature: The house is already divided into condominiums - each unit is recorded separately in the land register. This creates maximum flexibility for a later individual sale or a staggered exit - a clear advantage for investors.

Tenant structure & occupancy rate
8 of 9 units are currently let - predominantly long-term, stable tenancies.
One vacant apartment (maisonette) is being renovated and can be re-let at short notice.
-Current annual net cold rent: € 57,020.52
-Rental potential with full letting: approx. € 68,180 per year
-Further scope for increase after completion of ongoing renovations.

👉 Fully let after renovation.

Modernizations & condition
-2020-2023: several apartments extensively renovated (floors, bathrooms, electrics)
-2005: Windows (plastic, double-glazed) renewed
-2005: Oil central heating renewed
-Facade & roof: functional, potential for energy and visual modernization in the medium term

Equipment & key data
-Plastic windows, double-glazed (built approx. 2005)
-Oil central heating (built approx. 2005)
-4 parking spaces (4 directly in front of the house)
-Communal garden for all tenants
Separate cellar compartments, well-kept staircase
-Plot area: approx. 1,419 m²
-Total living space: approx. 616 m²

Apartment layout & rental status

First floor
-3-room apartment, 66 m² (left) - rented since 2021, renovated
-2-room apartment, 44 m² (center) - rented since 2021, renovated
-3-room apartment, 66 m² (right) - rented since 2018, renovated

1st upper floor
-3-room apartment, 66 m² (left) - rented since 01.08.2025, renovated
-2-room apartment, 45 m² (center) - rented since 01.08.2025, renovated
-3-room apartment, 66 m² (right) - rented since 2022, renovated

2nd upper floor
-4-room maisonette, 110 m² (left) - rented since 2023, in need of renovation
-2-room apartment, 44 m² (center) - rented since 2023, renovated
-4-room maisonette, 110 m² (right) - empty, under renovation

Conclusion
A well-maintained apartment building with a solid tenant structure, proven building fabric and existing condominium layout - ideal for investors looking for existing properties with development potential.
With moderate follow-up investments, the property value can be increased and the rental yield further optimized.

Information on the energy certificate:
Consumption certificate, energy class D, energy consumption 119.57 kWh/(m2-a),
Energy source: Heating oil

The property is located in a pleasantly quiet residential area of Neumünster - a dynamically growing city in the center of Schleswig-Holstein with increasing importance as a residential and business location. The surrounding area is characterized by a mature, well-kept environment and offers a balanced mix of urban proximity and living close to nature.

All important facilities for daily needs - including supermarkets, doctors, pharmacies, schools and daycare centers - are just a few minutes away. The infrastructure is well developed: Local public transport is well timed and there are fast connections to Kiel, Hamburg and Lübeck via the nearby A7. This also makes the location attractive for commuters.

The location also scores points with its central location within Schleswig-Holstein and consistently stable demand on the rental housing market - particularly among families, commuters and senior citizens. This creates planning security and speaks for the long-term value of the property.