Investment property for sale in Nuremberg!

The property, built in 1963 in solid construction, has a full basement and 12 apartments with balconies and 2 commercial units, 1 of which is currently used by the owner. The attic is not developed and is partly used by tenants with older rental contracts (new rental contracts without attic use).
Due to the use of the above-mentioned unit by the owner, approx. 34.76 sqm living space is not rented. Several residential units have been modernized in recent years. The property presents itself in a well-kept condition with units let on long-term leases.

2019: Renovation of apartment 3rd floor right (renovated) 2021: Renovation of apartment 4th floor center (renovated) 2021: Renovation of apartment 1st floor left (renovated) 2024: Renovation of apartment 2nd floor center (renovated) 2021: Exterior facade repainted

There is also a commercial lease for the corner plot next to the building.
The building contains 2 commercial units on the first floor and 12 units from the 1st floor to the 5th floor.

Ground floor: 1 x GEW dry cleaner, 1 x GEW pizzeria
1st floor to 3rd floor: 3 x 2-room apartments
4th floor: 1 x 3-room apartment, 1 x 2-room apartment and 1 1-room apartment

ACTUAL gross yield 5.16 % TARGET gross yield 5.62 %

The property is located in the west of Nuremberg, in a sought-after residential and commercial area with excellent infrastructure. Very good connections to bus, subway and the Franconian expressway Shopping facilities, schools and doctors in the immediate vicinity Short distances to the A73 and A3 freeways and the city center With a population of around 518,000, Nuremberg is the second largest city in Bavaria and part of the economically strong Nuremberg-Fürth-Erlangen metropolitan region. The region is one of the leading high-tech, industrial and service centers in Germany.