Multi-family house with a finished attic in Herford.

For sale is a fully rented multi-family house built in 1929, featuring four residential units and approximately 250 square meters of living space, situated on a plot of land measuring approximately 551 square meters. The distinctive main building, with its brick facade, bay windows, and hipped roof, houses one apartment on each level: ground floor, first floor, and attic. A spacious fourth unit is located in an extension. The clear layout, with one unit per level, ensures straightforward and sustainable rental potential. In 2020, the attic apartment and the ground floor extension were renovated (including bathrooms, flooring, interior doors, and painting); since then, modernization and repair work have been carried out as needed. The property is heated by an oil-fired central heating system, and it has a basement. There is also a garage or parking space (approximately 25 square meters). A complete set of drawings (floor plans, elevations, sections) from 2020 is available. The current annual net cold rent is €21,180 (or €1,765 per month). Based on a purchase price of €375,000, this represents a gross initial yield of approximately 5.65%, a factor of approximately 17.7, and an entry price of only approximately €1,500 per square meter of living space. The tenants are long-standing, reliable, and pleasant. Interesting for investors: With an average of approximately €7.11 per square meter, the existing rents are below the market level in Herford. With regular tenant turnover, there is an attractive potential for rent increases without significant investment.

The property is located on Werrestraße, a well-established residential area in the Hanseatic city of Herford, with direct access to the city center. Shopping facilities, schools, kindergartens, doctors' offices, and restaurants are all within a few minutes' reach. The public transportation system, as well as regional connections via the B239 road and the nearby A2 and A30 motorways, make the location attractive to commuters heading towards Bielefeld and the entire Ostwestfalen-Lippe region; Herford railway station also provides connections to long-distance services. The demand for affordable housing in Herford is consistently high – according to available information, there has been no vacancy at this location.