For sale by owner – attractive multi-family house with potential.

For sale is a well-maintained multi-family building with a total of 12 apartments, located in a quiet and desirable residential area in Wentorf, at the end of a traffic-calmed cul-de-sac. The property consists of two houses built adjacent to each other. Each house has its own staircase and 6 apartments. The property stands out due to its stable long-term rental situation, extensive renovations, and already approved potential for expansion in the attic. The 12 apartments are of identical layout and each have 3 rooms with approximately 72 m² of living space. The total living space of the building is approximately 864 m². Each apartment features a full bathroom, a built-in kitchen, and a south-facing balcony with storage space. In some bathrooms, a shower has been additionally installed next to the bathtub. Each bathroom has a window. Each apartment has its own cellar room. In addition, the cellar contains 2 bicycle storage rooms, 4 heated drying rooms, 1 caretaker's room, and 2 laundry rooms. Each laundry room has a washing machine that can be used with a coin-operated system. In addition, each apartment has its own parking space on the spacious property, which covers 2,478 m². The property has been owned by the same individual for 23 years and has been continuously occupied during that time – a testament to the high quality of living, the excellent tenant profile, and the consistent demand in this particular location. The current annual net cold rent amounts to approximately €117,000, with an average rent of approximately €11.28 per m². The building has been continuously maintained and comprehensively modernized. The following improvements are particularly noteworthy:
- 2006: Facade insulation
- 2007: Installation of an intercom system
- 2016: Insulation of the basement ceiling
- 2022: Replacement of the gas central heating system with central hot water supply (Buderus)
- 2024: Installation of triple-glazed plastic windows
- 2025: Complete renovation of both stairwells
In addition, all kitchens and bathrooms have been modernized over the past 20 years. A particular highlight is the attic, which has already been prepared for development. According to the existing building permit, four additional 2-room apartments with a total living area of approximately 244 m² are planned. Offers from companies for the expansion of the building are also available. This creates attractive potential for capital appreciation and development for investors. The combination of stable rental income, sustainable modernization, a quiet location, and additional expansion potential makes this multi-family building an extremely interesting investment opportunity with a long-term perspective. Comparable investment opportunities of this type are rarely offered on the market.