No need for renovations! Residential and commercial building in Hildesheim/city center!

FREE OF COMMISSION!!!
Living space: 785 m²
Land area: 574 m²
Property type: Multi-family house
Year of construction: 1953
With basement
Currently fully rented
The property is located in the city center of Hildesheim, on a privately owned plot of land.
In the backyard, there are 4 garages, one parking space, and another apartment.
The 10 apartments, the commercial space, and the garages are all rented out.
Each apartment has a gas-fired central heating system, which has been gradually updated.
The apartments are individually registered in the land registry (as separate units).
Between 2013 and 2025, extensive renovation work was carried out, including electrical systems, bathrooms, water pipes, and gas boilers.
The apartment in the attic was completely renovated in December 2025. The water and sewage pipes were completely replaced.
All windows are double-glazed, energy-efficient windows.
The attic space was expanded with a large area of dormer windows.
The current annual rental income is approximately €97,314.
After the purchase, it is possible to increase the rental income by €113,000 through rent increases.

Location:
Until 1974, Hildesheim was an independent city, serving as the seat of the Catholic Diocese of Hildesheim. In 1974, as part of the regional reform in Lower Saxony, Hildesheim became a large, independent city. Since then, it has formed the district of Hildesheim, which includes the area of the former Hildesheim-Marienburg district, expanded in 1977 to include the former Alfeld (Leine) district. From 1885 to 1978, there was a regional administrative division called Hildesheim. Since 2014, the regional representative for the Leine-Weser area, which covers the entire former Hannover regional administrative division (dissolved in 2004), has been based in the city. [3] Hildesheim is home to three higher education institutions: the University of Hildesheim, the University of Applied Sciences and Arts (HAWK), and the Northern German College of Justice. The Cathedral of St. Mary's Ascension and St. Michael's Church are among the most important buildings of the early Romanesque period and have been a UNESCO World Heritage Site since 1985. Hildesheim, with a population of approximately 101,319, offers excellent infrastructure. The demand for rental apartments is very high, resulting in very low vacancy rates. Several large development areas with rental and owner-occupied properties are evidence of this housing demand.

Energy Performance Certificate: Consumption certificate, to be newly applied for.

Other: NO COMMISSION.