Attractive MFH with potential

Solid foundations in a desirable location – immediately usable or with potential for further development.

This attractive property offers a comprehensive package: thoughtfully designed layouts, bright and welcoming living spaces, and a solid, completely renovated building. The high-quality finishes ensure excellent rental potential and long-term value stability. A particularly appealing feature is the attic apartment, which is currently vacant – perfect for flexible use or for personal occupancy. In addition, the upper attic space offers the possibility of creating a fourth residential unit (apartment) or expanding the existing attic apartment. These additional options increase both the property's value and its potential return on investment. The property has been continuously maintained and renovated in recent years, so no major renovation work is anticipated. Due to the modernization work already carried out, the remaining useful life (RUL) is approximately 58 years. 2018: Window replacement (top floor)
2018: New central heating system (top floor apartment)
2012: Energy-efficient roof insulation and re-tiling
2006: New central heating system (ground floor and top floor apartments)
2006: New windows (ground floor and top floor apartments)
2006: New bathrooms (ground floor and top floor apartments)
2006: New flooring (ground floor and top floor apartments)
2006: New electrical system (meter boxes), basement renovation

Multi-family house with 3 apartments:
Ground floor apartment 1: approx. 83 m² living space + garden use (currently rented)
Top floor apartment 2: approx. 82 m² living space + balcony (currently rented)
Top floor apartment 3: approx. 78 m² living space + balcony (currently vacant)

Rental income:
Apartment 1: €730 (8.80/m²) - Should be €840 (minimum €11.00/m² + possible kitchen rental)
Apartment 2: €713 (8.91/m²) - Should be €760 (minimum €10.24/m² + possible kitchen rental)
Apartment 3: €0 (currently vacant) - Should be €880 (minimum €11.00/m² + possible kitchen rental)

Total current rental income: approx. €2,323/month. Should be €2,480/month.
Total current annual rental income: approx. €27,876. Should be €29,760.

Average rental rates for 2025 (Wüste area): €11.12/m²

Increases to a total of €29,760/year are possible in the short term. Due to the potential to re-let the vacant apartment and moderate adjustments to existing rents to align with comparable rents, there is significant short-term development potential!

Attractive and popular location.
Spindelstraße 36a is located in the Wüste district of Osnabrück, a densely populated but also green area that is directly adjacent to the city center and within easy walking distance.
The residential area is characterized by a mixture of residential development and proximity to urban amenities. Wüste is located in a central and densely populated district south of the city center, characterized by a mix of older buildings and green corners, close to the border with Hellern and Kalkhügel-Südstadt, well connected and popular with residents.