Multi-family building with 8 units, ideal for property developers – commission-free for the buyer.

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For sale is a multi-family house in need of significant renovation, dating from around 1900, located at Friedensstraße 11, 19053 Schwerin. The property is situated on a 435 m² plot and comprises a total of 8 residential units with a total living area of approximately 428 m², as well as an additional usable area of around 120 m². The building is fully basemented, and the roof (bitumen sheeting), windows, electrical systems, and plumbing are predominantly from the 1980s/1990s. The building requires extensive renovation. However, the existing structure provides a solid foundation for a complete renovation and increase in value. It is particularly noteworthy that the property is located in a formally designated redevelopment area according to § 34 BauGB. The Friedensstraße itself has been almost completely renovated in recent years – almost all of the surrounding buildings have already been modernized. The house for sale is one of the last properties in this street that has not been renovated, making it a rare opportunity for developers and investors to complete an attractive urban development project. In addition, the courtyard offers potential for redevelopment: parking spaces for cars, or other structures such as storage rooms, waste disposal areas, or outbuildings, could potentially be added here, subject to planning regulations.

Schwerin is the capital city of Mecklenburg-Vorpommern and is characterized by its excellent infrastructure, high quality of life, and continuous investment in urban development. The city serves as an administrative center, an educational hub, and a desirable place to live, located in the scenic lake district of the state. Its historic cityscape, proximity to cultural institutions, and good transport links by train and highway make Schwerin an attractive location for investors.

The property is located in a central, inner-city area in the Schelfstadt district, very close to the old town. All essential amenities, such as shops, medical services, schools, and kindergartens, are within walking distance. Public transportation is also readily available. The surrounding area is characterized by late 19th-century buildings and is undergoing significant improvements through urban planning initiatives and renovation projects.