Investment property with a net annual rental income of over €76,000.

For your information: The property valuation, which was prepared a few months ago, amounts to €1,760,000. We welcome your offers. For sale is a high-quality, renovated apartment building with 7 units, offering an exceptionally good return of over €76,000 in net annual cold rent. The location is in a quiet residential area, with schools and kindergartens just a few hundred meters away, and views of the castle. Bus stops are located directly in front of the building. Various shops and restaurants are within a few minutes' reach. Here are some examples of the modernization measures:
- On the ground floor, 3 rental apartments were completely renovated, featuring:
* Underfloor heating
* New flooring (tiles or click-vinyl)
* Triple-glazed windows
* Electric blinds
* Walls with six layers of insulation (exceptional fire and sound protection) between the apartments. o Modern fitted kitchen with refrigerator-freezer, oven, ceramic hob, dishwasher, and extractor fan.
o Fully dimmable ceiling lights.
o Modern bathrooms with walk-in showers and bathroom furniture.
o New electrical wiring.
o New heating system.
o The walls are covered with high-quality fiberglass wallpaper.
o High-quality doors throughout the apartment and in the entrance area, with the highest security rating.
o And much more.
- Of the 4 apartments on the upper floor, 3 have been extensively renovated. Here are some examples:
o New flooring (tiles or click-vinyl).
o New, efficient radiators and heating pipes with high-quality insulation.
o New, energy-efficient apartment entrance doors.
o New interior doors.
o New electrical wiring.
o New bathroom, including bathroom furniture.
o The walls are partially covered with high-quality fiberglass wallpaper.
o Fitted kitchen with refrigerator-freezer, oven, ceramic hob, dishwasher, and extractor fan.
- The 4th apartment is also of high quality, but has not been modernized or extensively renovated. In the new apartments on the ground floor, the sewage system has also been newly installed. In 2022, the entire building's main drainage system was completely renovated using the "inliner" technique. The property size is 1,355 square meters.
The living space is 524 square meters. The house features:
- 6 apartments, each with 3 rooms, a kitchen, and a bathroom, ranging from approximately 75 to 80 square meters.
- And one 2-room apartment with a kitchen and bathroom, measuring 66 square meters. The property also includes 12 basement rooms, 4 storage rooms in the attic, and two large laundry rooms. In addition, the property includes 3 well-rented garages and 9 rented parking spaces. All leases are indexed leases, allowing for problem-free rent adjustments each year. Further pictures, location details, and additional information will only be provided to serious potential buyers. For investors, a particularly attractive feature is the possibility of converting the multi-family building into 7 separate apartments. All tenants are financially stable, have good education (engineers, skilled tradespeople, and other professions), and are employed (not receiving benefits from the job center).
Currently, the property is being offered directly by the owner, so there is no real estate agent commission (7.14%) applicable at this time. We can also deduct the value of all the furniture, 6 built-in kitchens, 6 bathroom fixtures, bathroom accessories, various high-quality curtain rods and gallery rails, and various lighting fixtures from the asking price, and conclude a separate purchase agreement for these items. The estimated value of these items is approximately €80,000. This would, of course, eliminate the need for notary fees and property transfer taxes.

Please see the property description.