Attention investors – house with 5 apartments for sale.

We are offering a multi-family building with 5 residential units. The individual units range in size from 57 square meters to 113 square meters and are currently all rented out. The monthly rental income is currently €3,620 (equivalent to €8.68 per square meter), plus €235 for 6 parking spaces and 2 storage rooms. This equates to an annual gross rental income of €46,252. All rents increase automatically each year in accordance with the consumer price index. In addition, there is approximately 90 square meters of undeveloped space in the attic. A building permit already exists for this area. The building was constructed in 1954 by Volksbank Lüneburger Heide using solid construction methods. Until 2013, the building served as a branch office for the Volksbank. In 2022/23, the property was converted into apartments. During the renovation, the electrical systems and heating systems were renewed in four apartments, and new bathrooms and fitted kitchens were installed. The property also includes a separate building with three sheds, parking for 6 cars, and a garden shared by the tenants. As a unique feature, there is an old, walk-in safe measuring 10 square meters, with an additional 8 square meters of adjacent space. It is fully functional and has approximately 100 lockers. Overview of apartments:
Apartment 1 (yellow floor plan): Ground floor, 3 rooms, 113 sqm
Apartment 2 (red floor plan): Ground floor, 2 rooms, 87 sqm, sunroom
Apartment 3 (blue floor plan): Ground floor, 2 rooms, 57 sqm
Apartment 4 (light green floor plan): First floor, 2 rooms, 69 sqm, balcony
Apartment 5 (purple floor plan): First floor, 3 rooms, 91 sqm
The attached floor plans show the exact layout of the apartments. If you are interested, further information can be provided.

Altenmedingen is a small municipality with approximately 1,500 residents, located on the northeastern edge of the Lüneburg Heath in the Uelzen district of Lower Saxony. The municipality is part of the Bevensen-Ebstorf administrative community, which ensures close cooperation with the surrounding municipalities.

The spa town of Bad Bevensen is only 6 kilometers away and offers a variety of opportunities for recreation and health promotion. For those interested in sports, there is a golf course located just 3 kilometers from Altenmedingen.

Lüneburg, a larger city with direct access to Hamburg, is approximately 20 kilometers away. Therefore, Altenmedingen offers an attractive location with good access to both recreational areas and urban centers.