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Renovated multi-family building – a solid investment property.

Warendorpstraße 25, 23556 Lübeck (Holstentor Nord) – Schleswig-Holstein
689.000 €
240 m²
Living Area
252 m²
Plot Area
Private offer
Apartment building or investment property
Apartment building

For sale is a multi-family house with three residential units in the St. Lorenz district of Lübeck.
The building spans three floors and has a total living area of approximately 221 square meters.

The living space is distributed as follows:

Ground floor:
Apartment with 4 rooms, approximately 77 square meters.

1st floor:
Apartments with 3 rooms, approximately 72 square meters each.

2nd floor:
Apartments with 4 rooms, approximately 72 square meters each.

The layouts are functional and suitable for different household sizes.
Each apartment has a bathroom with a bathtub, and all bathrooms have a window.
The heating is provided by a gas-powered central heating system.

Are you interested in this offer?

Object Number
OM-430952
Object Class
Apartment building or investment property
Object Type
Apartment building
Handover from
Immediately

Purchase price & additional costs

purchase price
689.000 €
Purchase additional costs
approx. 53,546 €
Total costs
approx. 742,545 €

Breakdown of Costs

Purchase price 689.000 €
Real estate transfer tax 44,785 € (6.50%)
Notary costs 5,783 € (0.84%)
Land register entry 2,978 € (0.43%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 2,375€

More accuracy in a few seconds:

By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.17%

Details

Condition
Rehabilitated
Year of last modernization
2025
Number of floors
3
Total area
252 m²
Number of garages
1
Number of parking lots
2
Net rental income (target) p.a.
36660 €
Net rental income (actual) p.a.
36660 €
X-times rental income
18.79
Number of units
3
Flooring
Laminate, Tiles
Heating
Central heating
Year of construction
1930
Equipment
Balcony, Terrace, Garden, Basement, Full bath, Shower bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, Comprehensive school, Public transport

Information on equipment

The building underwent extensive renovation and modernization throughout the calendar year 2025.

The two apartments on the ground floor and first floor were completely renovated down to the core.
The apartment on the third floor was renovated in the calendar year 2023.

The building was insulated from the inside, and all the windows on the ground floor and first floor were replaced.

The ground floor apartment has a large terrace overlooking the garden.

All the technical systems in the building were updated and brought up to the latest standards.

The attic space offers the possibility of building another apartment. In the past, there was already a building permit for this, which was not utilized.

In addition, the building is fully basemented and even has a garage, which could potentially be rented out as storage space.

Location

The property is located in the desirable St. Lorenz district, a quiet yet very well-connected residential area in the west of the Hanseatic city of Lübeck. The residential environment is characterized by well-maintained buildings, minimal traffic, and a pleasant, established neighborhood.

All essential amenities are easily accessible within a short time. Shops, bakeries, pharmacies, doctors, as well as cafes and restaurants in the vicinity ensure reliable local services.
Green spaces and parks in the surrounding area offer opportunities for leisure activities and relaxation.

The city center of Lübeck and the historic Old Town, with its shops, cultural attractions, and restaurants, are easily accessible. Due to its convenient access to public transport and its proximity to the main train station, the location is attractive and interesting for both tenants and commuters, as well as for investors.

Location Check

Shopping
200m
Eating Out
150m
Sports
250m
Culture
300m
Health
300m
Nightlife
50m
Child Friendliness
150m
Public Transport
200m
Nature
1000m

Energy

Main energy source
Gas

Miscellaneous

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Offer from: Cete