High-yield investment property with 8 rental units, plus potential for further development.

Here is a multi-family house for sale in Schieder-Schwalenberg (district of Lothe).

The property currently has 8 rented apartments with a total living area of 541 square meters.

The living area could be increased to 652 square meters by utilizing the additional development potential in the attic.

With the exception of the two apartments on the first floor, all other apartments and common areas have been completely renovated since 2022, including bathrooms, windows, electrical systems, flooring, and wall coverings.

The living areas are distributed as follows:
Ground floor 1: 22.71 sq m (rented)
Ground floor 2: 27.51 sq m (rented)
Ground floor 3: 56.19 sq m (rented)
Ground floor 4: 77.97 sq m (rented)
First floor 1: 90.39 sq m (rented)
First floor 2: 99.95 sq m (rented)
Second floor 1: 78.64 sq m (rented)
Second floor 2: 88.20 sq m (rented)
(Attic 1: 55.11 sq m: Development approved but not yet implemented)
(Attic 2: 55.66 sq m: Development approved but not yet implemented)

Current annual gross rent: €41,664
After the upcoming rent increase: €43,276

The property is located in the quiet and green district of Lothe in Schieder-Schwalenberg. The region is attractive to tourists due to its proximity to the Schiedersee lake, and also benefits from a stable demand from local businesses (accommodation for traveling workers). Access to the economic centers of Blomberg, Steinheim, and Detmold is ensured by well-maintained country roads.