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Investment property with development potential in an urban location.
24143 Kiel (Gaarden-Süd/Kronsburg) – Schleswig-HolsteinThe property for sale is a charming multi-family building with 8 apartments, dating back to the turn of the century, featuring a historic facade and a grand terrazzo staircase.
The current net operating income (NOI) is €46,645.
Rent adjustments have already been initiated and will be implemented no later than October 2026. The target NOI is €57,373. A tenant list can be provided.
Are you interested in this house?
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Object Number
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OM-482786
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Object Class
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House
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Object Type
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Multi-family house
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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1.115.000 €
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Purchase additional costs
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approx. 85,938 €
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Total costs
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approx. 1,200,937 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 4,185€
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Details
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Condition
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Well-kept
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Number of floors
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4
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Flooring
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Laminate, Tiles, Vinyl / PVC
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Heating
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Central heating
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Year of construction
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1908
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Equipment
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Balcony, Garden, Basement, Shower bath, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Public transport
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Information on equipment
The existing apartments feature comfortable ceiling heights, functional layouts, and spacious balconies overlooking the landscaped courtyard.
Furthermore, the attic space offers attractive development potential for the creation of three additional apartments. The necessary building permit for this is already in place, dated April 2026. In addition, according to the 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.
Location
The property, which offers strong investment potential, is located in a residential area on the eastern side of Kiel and benefits from excellent infrastructure and convenient access to the city center. The surrounding area is characterized by established residential structures, a stable demand for inner-city housing, and good access to everyday amenities.
Shopping facilities, service providers, restaurants, and public services 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 Kiel city center, the main train station, and other key destinations in the city are easily accessible 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.
Location Check
Energy
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Final energy consumption
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115.10 kWh/(m²a)
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Energy efficiency class
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D
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Energy certificate type
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Consumption certificate
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Main energy source
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District heating
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Miscellaneous
Topic portals
Send a message directly to the seller
Questions about this house? Show interest or arrange a viewing appointment?
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Offer from: Sara Haß
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