7% YIELD - Two multi-family buildings, fully occupied.

Two well-rented multi-family houses are for sale in Kasseedorf.
There are 2 houses on a single property, built around 1958.
Property size: 2,073 m².
Renovation work has been carried out regularly.
The total living space is:
House 1: 182 m²,
House 2: 183 m² = 365 m²
Usable space in the basement: approximately 160 m² in total.
The following work has been completed in recent years:
The sewage pipe in House 2 was replaced in 2022.
The heating system (gas, condensing boiler) was replaced in 2019.
The heating system is located in House 1, but serves both buildings.
Occasional renovation of apartments when tenants move.
PVC windows, dating from around 1990.
The floors of the attics are insulated.
All apartments have fitted kitchens, and the bathrooms are mostly from the 1980s/1990s, with basic fixtures.
6 out of the 7 apartments, in addition to the central heating, also have a fireplace.
5 apartments have their own garden.
Flooring: tiles and laminate.
Hot water is provided by a central instantaneous water heater for each apartment.
For more information, please contact me with your complete contact details.

The property is located in the municipality of Kasseedorf, in the Ostholstein district of Schleswig-Holstein, nestled in the picturesque landscape of the Holstein Switzerland region. The area is characterized by gentle hills, extensive forests, and numerous lakes, offering an exceptionally high quality of life for nature lovers and those seeking tranquility. Kasseedorf itself is a rural community with approximately 1,500 residents and a strong sense of community. The surrounding area is characterized by agricultural land, hedgerows, meadows, and wooded areas, providing a variety of opportunities for recreation, such as hiking, cycling, or swimming in the nearby lakes, such as the Stendorfer See and the Griebeler See. Despite its peaceful and natural setting, the property enjoys good connections to the surrounding towns. The district town of Eutin, with its extensive shopping facilities, schools, doctors, and cultural attractions, is approximately 10–15 minutes away by car. Further amenities for daily needs can be found in the nearby town of Schönwalde am Bungsberg. The Baltic Sea coast, with its well-known seaside resorts along the Lübeck Bay – including Scharbeutz, Haffkrug, and Timmendorfer Strand – is also within approximately 20 to 30 minutes driving distance and offers additional leisure and recreational opportunities. Overall, Kasseedorf ideally combines peaceful living in a green environment with good access to regional centers and the Baltic Sea.