Investment property with development potential, located in an urban area.

The property is a charming multi-family building dating back to the turn of the century, featuring a historic facade and a representative terrazzo staircase. The existing apartments benefit from pleasant ceiling heights, functional layouts, and spacious balconies overlooking the green courtyard.

In addition, the attic space offers attractive development potential for the creation of three further residential units. A corresponding building permit from April 2026 is already in place. Furthermore, according to the already approved development plan, there is the possibility of adding terraces and private garden areas to the ground floor apartments. This would create additional living space and further enhance the potential of the property in this urban location.

The property, which offers attractive investment potential, is located in a residential area on the east side of Kiel, benefiting from excellent infrastructure and convenient access to the city center. The surrounding area is characterized by established residential structures, strong demand for inner-city housing, and easy access to essential amenities.

Shopping facilities, service providers, restaurants, and public amenities are located nearby, with some easily accessible on foot. The social infrastructure is also very well developed, with several daycare centers and schools in the vicinity, further enhancing the location's appeal. The transport links are good, both for private vehicles and public transport. The city center of Kiel, the main train station, and other key destinations within the city are easily reachable in a short time. This location offers excellent conditions for sustainable rental income and appeals to a wide range of potential tenants, from singles and couples to small families.