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Carefully maintained building from the Gründerzeit era, comprising 12 apartments – 720 m².

38118 Braunschweig – Niedersachsen
1.650.000 €
28
Room
720 m²
Living Area
405 m²
Plot Area
Private offer
House
Multi-family house

This historic residential building, constructed in classic brick style, has been in the same family's ownership since the 1920s. We are now, with great reluctance, offering it for sale. Because we have always managed the building ourselves, we have renovated the apartments with personal dedication to a high standard – always ensuring that it would be a pleasure for us to live in the building ourselves. The maintenance of the building and communal areas, as well as minor repairs in the apartments, are handled promptly and reliably by a resident caretaker. We have also consistently maintained the building's structure, renovating the historic facade, replacing the roof, and replacing all the pipes. The attic was subsequently insulated, resulting in an energy efficiency rating for the building that is slightly above the average for comparable properties. In addition, the approximately 200m² attic, which is already prepared for further development, adds significant value to the existing 720m² of living space. The residents of the building are predominantly highly educated and are, on average, younger than in comparable properties. Combined with the excellent rental potential of the building, this results in a reliable increase in net yield.

Are you interested in this house?

Object Number
OM-433766
Object Class
House
Object Type
Multi-family house
Is occupied
Occupied
Handover from
By arrangement

Purchase price & additional costs

purchase price
1.650.000 €
Purchase additional costs
approx. 102,001 €
Total costs
approx. 1,752,000 €

Breakdown of Costs

Purchase price 1.650.000 €
Real estate transfer tax 82,500 € (5.00%)
Notary costs 12,923 € (0.78%)
Land register entry 6,578 € (0.40%)
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: 5,841€

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 3.31%

Details

Condition
Well-kept
Number of floors
4
Flooring
Parquet, Laminate, Tiles
Heating
Floor heating
Year of construction
1899
Equipment
Basement, Shower bath, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

The building has four floors, with three apartments per floor, ranging in size from 55m², 58m², and 67m².

11 out of the 12 bathrooms and kitchens have been modernly renovated. All apartments feature genuine hardwood parquet flooring or solid wood flooring.

The property, with a total area of 405 m², includes a small, well-maintained garden. The distance to the nearest buildings is unusually large, which provides ample natural light in all the apartments.

Key facts:

- 12 units
- 11 out of 12 apartments have already been renovated to a high standard, with some featuring genuine hardwood parquet and completely renovated bathrooms.
- The historical brick facade has been renovated.
- The roof was replaced in 2006.
- The building is fully occupied by a diverse mix of tenants, many of whom are highly educated.
- A 200 m² attic space has been prepared for future development.

Location

The Western Ring area is a desirable residential neighborhood with quiet side streets, and our building is located on one of those.

It is surrounded by a complex of historic buildings from the Gründerzeit era. Within a few minutes, you can reach a shopping street and connections to five bus lines. By bike, it takes eight minutes to reach the historic city center, such as the Domplatz. It takes 10 minutes to reach the Technical University of Braunschweig, and only one minute by bike to reach the Academy of Fine Arts.

Location Check

Shopping
Child Friendliness
Eating Out
Sports
Health
Nightlife
Culture
Public Transport
Nature

Energy

Final energy consumption
139.70 kWh/(m²a)
Energy efficiency class
E
Energy certificate type
Consumption certificate
Main energy source
Gas

PDF

Miscellaneous

This property is being sold directly by us, the owners, and there are no commissions involved. We kindly request that real estate agents refrain from contacting us.

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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Offer from: Malte Windwehr