5.1 % yield - factor 19 - MFH with 3 units & extension option in Lörrach

An attractive apartment building in Lörrach-Brombach is for sale, offering investors a versatile investment opportunity with a clear structure and convincing development potential. The property combines a solid existing character with the option of creating additional living space through targeted measures and upgrading the property in the long term.

The building currently comprises three residential units with a total living space of approx. 272 m². The apartment on the upper floor is vacant and can be renovated at short notice and then re-let. The basement apartment has already been extensively modernized - it is also vacant and can be rented out immediately. The first floor apartment is currently rented out and generates a regular rental income of € 658 per month. There is also potential for further development here in the short to medium term.

Division of the units:

Basement: approx. 66 m², 2 rooms, already modernized, vacant, terrace with garden access, separate entrance

First floor: approx. 109 m², 3 rooms, rented, basic rent € 658/month, well-maintained, large outdoor seating area with garden access, additional balcony, daylight bathroom + guest WC

Second floor: 97 m², 3 rooms, vacant, in need of renovation, balcony with far-reaching views, daylight bathroom + guest WC, new gas heating (2022)

A significant added value lies in the option to add extra storeys and the associated development potential of the property. Renovation measures in the existing apartments as well as the already implemented facade renovation on the east side and the commissioned renovation of the west side (costs borne by the seller) can sustainably upgrade the property and bring it up to a modern market level.

In principle, there are several development options for the property. In a possible expansion scenario with an extension and renovation of the existing apartments, four residential units with a total living space of approx. 369 m² could be created after completion. At a calculated market rent of € 14.00/m², this would result in a rental income of around € 5,166 per month or around € 61,992 per year. The total capital expenditure is made up of the purchase price of € 799,900, renovation costs of around € 90,000, additional costs of around € 200,000 and façade and exterior work of around € 50,000. This results in a total capital investment of around € 1,140,000 and a gross rental yield of around 5.4 %.

Alternatively, the property can be developed without an increase. In this scenario, there are still three residential units with approx. 272 m² of living space. Based on the same market rent of € 14.00/m², this results in a monthly basic rent of around € 3,808 or around € 45,696 per year. The total capital expenditure here includes the purchase price of €799,900 and renovation costs for the ground floor and first floor of around €90,000. The total capital investment therefore amounts to around € 890,000 and the gross rental yield is around 5.1 %.

The property thus offers a balanced combination of portfolio, development and flexibility. Depending on the chosen strategy, different usage concepts and income profiles can be realized - ideal for investors who value freedom of design, clear calculability and long-term prospects.

Lörrach-Brombach is located in the sought-after border triangle of Germany, Switzerland and France - one of the strongest economic regions in Europe. The proximity to the Swiss metropolis of Basel
with its international corporations, pharmaceutical companies and research institutes ensures a constantly high demand for living space and stable rental prices. The location is particularly popular with cross-border commuters with Swiss incomes, who have above-average purchasing power.

Thanks to the A98 motorway and good bus and train connections, Rheinfelden (10 min.), Weil am Rhein (15 min.) and Basel (20 min.) can be reached quickly - ideal for commuters and families.
Local amenities are excellent: Edeka (5 min. walk), Netto (3 min. walk), pharmacy (4 min. walk) and the central hospital in Lörrach (10 min. by car) are in the immediate vicinity. Families benefit from short distances to kindergartens such as the Protestant kindergarten Wunderfitz (8 min. on foot) or the Protestant kindergarten "Vogelnest im Siegmeer" as well as to schools (approx. 10 min. by car). Basel airport is also only 25 minutes away.

The focus is on the development of the "Neue Mitte Brombach" around the FABRIC/Schöpflin site. In addition, new residential areas such as Bühl III are being created.
At the same time, former industrial sites such as Lauffenmühle and Reiss-Mühle are gradually being converted into modern commercial and mixed-use areas.