Apartment building with further expansion potential approx. 350 m2

Preliminary information: The commercial unit (approx. 55 m) does not appear in the stated living space.

This apartment building (probably built in 1900; extension in 1990) with five residential units and a rented commercial unit represents an attractive investment opportunity with ongoing cash flow and considerable development potential.

Four apartments are currently let, one unit is vacant (one of which will be available from February). The current annual rent amounts to approximately € 43,000 and already offers a solid basic yield.

A key highlight for investors is the non-binding estimated expansion reserve of approx. 350 m², which - subject to official approvals - enables the creation of further residential units and thus a significant increase in rental income and property value.

The property is ideal for buy-and-hold strategies with a long-term cash flow focus as well as for fix-and-flip concepts with a clear exit option.

Targeted renovation and optimization measures can increase the existing earnings potential in the short term and expand it in the long term.
The structural condition is generally sound and some properties can be occupied immediately, although there is a need for renovation that offers active investors scope for value creation.

The windows are partly plastic windows with double glazing and partly wooden windows. The heating system was renewed in 2018 and forms a good technical basis.

The floor plans shown in the pictures serve only as a non-binding set of plans.

Overall, this is a viable investment property with current income, vacancies for immediate optimization and considerable expansion reserves - ideal for investors with foresight and vision.

The property is centrally located in Markt Rettenbach (87733). All facilities for daily needs such as a bakery, butcher, grocery store, doctor, bank, kindergarten and a bus stop are within easy walking distance.

At the same time, you can be in the countryside in just a few minutes and enjoy the peaceful, rural surroundings of the Allgäu.

The proximity to Ottobeuren and the location between Kempten, Memmingen and Mindelheim make the location particularly attractive. The A96 highway can be reached quickly and provides good regional and national connections.

The house is south-facing with its balconies and therefore offers plenty of sun and a pleasant living atmosphere.