High-yield three-family house in a quiet location in Altenkunstadt

Investment highlights for capital investors
This well-kept apartment building offers a rare opportunity for investors who value substance, location and an attractive yield. Thanks to continuous maintenance over the last few decades, there is no immediate renovation backlog.

1. attractive rental yield:
With a monthly basic rent of €1,764.00 and a stable tenant structure, the property offers an immediate cash flow. Due to their layout (terrace on the ground floor, balcony on the 1st floor), the units can be rented out excellently in the long term.

2. energy security & maintenance:
The building was already fitted with a thermal insulation composite system (ETICS) and a new roof in 1996. The heating system has been professionally maintained and the bathrooms on the upper and ground floors have been modernized. A new fitted kitchen has been installed on the top floor. The balcony railing has been renewed and a new entrance door will be installed before the sale.

Property description & features
The house impresses with its clear structure and spacious outdoor areas:

First floor (approx. 78 m²): 3-room apartment with kitchen, bathroom and separate WC. This unit has a sunny terrace with direct access to the large garden. The bathroom was equipped with a new bathtub in 2023 and fitted with modern wall cladding in the splashback area. Rented for the long term.

1st floor (approx. 78 m²): 3-room apartment with kitchen, bathroom and separate WC. Spacious balcony (railings renewed). The apartment was modernized in 2017 (incl. new bathroom). Apartment currently available.

Attic floor (approx. 46 m²): The attic, which was converted in 1989, offers a cozy living unit that was extensively renovated in 2022 (new bathroom, new fitted kitchen). Currently rented out.

Outside area & basement: The property has a full basement, which offers sufficient storage space for all parties. Two garages belong to the house. The large garden offers plenty of space for relaxation.

Location description: Quiet, family-friendly, central
The property is located in one of the preferred residential areas of Altenkunstadt. The quiet side street guarantees a high quality of living. The direct proximity to the playground is particularly attractive for young families.

Altenkunstadt itself offers an excellent infrastructure with a wide range of shopping facilities, schools and doctors. The good transport links to the B173 and the proximity to Lichtenfels and Kulmbach make the location permanently attractive for commuters and tenants.