High-yield multi-family house in Lübeck: fully rented, with 4 apartments + an attic room.

The multi-family building at Warendorpstraße 51 in Lübeck-St. Lorenz Nord, built around 1905, presents an attractive opportunity for investors seeking a profitable real estate acquisition. The property is fully occupied, with no vacant units. The tenants are long-term, reliable, and quiet. The building offers approximately 230 square meters of living space on a plot of approximately 180 square meters. It comprises 4 apartments, as well as an additional one-room area with a shower in the attic. The current annual net cold rent is €27,543. The asking price is €499,900. If there are multiple serious potential buyers, the seller reserves the right to make a decision based on the most economically advantageous overall offer. A key feature is the existing development potential. The attic is suitable for expansion; connections for heating, electricity, and water are already in place. By creating additional living space, further revenue potential can be unlocked, and the property value increased. Currently, there are no balconies. During a future facade renovation with insulation, the addition of balconies could be considered. This would improve the living quality and could create additional potential for rent increases. The costs of energy-efficient renovations can, under certain legal conditions, be partially passed on to the tenants. The basement is typical of the building's era and exhibits the usual signs of dampness common in buildings of this age. It is functionally usable and includes basement areas, technical rooms, and a laundry room. A small garden area is part of the property. The terrace on the street side is used by the ground floor tenant for a fee. The building is not a listed building. According to information from the land charge register, there are no entries in the land charge register.

The property is located in a central area of Lübeck-St. Lorenz Nord. Warendorpstraße offers easy access to all essential amenities, making it very suitable for long-term rentals.

Shopping options such as REWE, a gas station, schools, public transportation, the train station, and Lübeck's city center with its historic old town are all easily accessible. The property also benefits from good access to the motorway, making it attractive to both commuters and tenants seeking an urban living environment.

Furthermore, the location is poised to benefit from the planned revitalization of the surrounding area through the new development project on Schwartauer Allee, on the former Nordfrost site. The planned "Schwartauer Allee Residential Area" has the potential to further strengthen the area and increase the attractiveness of the location in the long term.