Fully occupied multi-family building with development potential - centrally located in Fulda.

For sale is a fully occupied multi-family building with 29 residential units, located in an attractive, city-center-adjacent area of Fulda. The building was constructed in 1956 and offers approximately 2,016 square meters of living space on a plot of approximately 2,167 square meters. The property's residential units offer a sustainable and easily rentable structure, consisting primarily of compact to medium-sized apartments. The property is fully occupied and currently generates an annual net cold rent of €163,555.20. The average net cold rent is approximately €6.82 per square meter. Furthermore, the property offers additional potential for revenue generation: the next rent adjustment is scheduled for January 2027, which opens up further opportunities to increase ongoing income. The property also offers interesting development possibilities. The attic space has further potential for expansion and, according to current plans, could potentially accommodate up to four additional residential units. The specific feasibility and implementability of this expansion must be verified by the buyer. The building's structure is characterized by solid construction and a functional, market-appropriate standard of fittings. Combined with the full occupancy, the favorable mix of residential units, and the additional development and rent increase potential, this property offers an attractive basis for long-term investors.

The property is located on Gallasiniring in a well-established and centrally located residential area of Fulda. According to the owner, the city center of Fulda is only about a five-minute walk away. The location offers the convenience of short distances to the city center while also providing good access to existing infrastructure. Shopping facilities, services, restaurants, medical care, and other amenities are all within easy reach. The train station and other central areas are also quickly accessible. The immediate surroundings are characterized by multi-story residential buildings, established residential areas, and green spaces. The proximity to Ostend and Künzeller Straße also ensures good connections to other parts of the city of Fulda. Additional advantages of the location are provided by current and future developments in the surrounding area. These include new educational opportunities, such as a new school, and, in particular, the proximity to the former Gummiwerke/Goodyear site. The future development of this area has the potential to further enhance the immediate surroundings and bring additional dynamism to the location. The combination of proximity to the city center, good infrastructure, a stable demand for housing, and further development potential makes this location particularly attractive to long-term real estate investors.