Hamburg: Fully occupied multi-family building – 515 m² for €2,815 per m² – a factor of 28.36 – commission-free.

PROFITABLE INVESTMENT PROPERTY: Approximately 515 m² of rental space available for a purchase price of around €2,815 per m². With a current annual net cold rent of €51,132, the purchase price of €1,450,000 represents a factor of approximately 28.36 and a gross initial yield of approximately 3.53%. For sale is a fully occupied multi-family building located in a green residential area of Hamburg-Oldenfelde. The building, constructed with brick and plaster, comprises six apartments spread across three floors. The apartment mix consists of 3- and 4-room apartments, ranging in size from approximately 68 m² to approximately 100 m². The property, with a land area of approximately 1,718 m², offers gardens and outdoor spaces. Balconies or loggias, as well as rented garage and parking spaces, complement the apartment offering. The total monthly net cold rent, including parking rents, is currently €4,261, or €51,132 annually. The property is fully occupied, and there are no outstanding rental arrears as of the date of the audit. The average existing rental rate is approximately €7/m². Future re-rentals may offer additional opportunities, depending on market conditions, amenities, and legal regulations. Another interesting development idea is the currently unrented attic space. On the other side of the building, there is already a maisonette solution that incorporates the attic space. This additional space is not included in the current rental income.

The property is located in Hamburg-Oldenfelde, a predominantly residential and green district of the Rahlstedt neighborhood in the Wandsbek district.

The Rahlstedt town center offers a diverse range of local amenities, including a pedestrian zone, the Rahlstedt Center, specialty shops, services, and a weekly market. The district is also home to schools of various types, daycare centers, doctor's offices, and pharmacies.

The Bargteheider Straße bus stop is located in the immediate vicinity. Bus lines 24 and 275 provide connections to the Rahlstedt train station and other suburban train lines. The Rahlstedt regional train station offers quick access to Hamburg Central Station. The U1 subway stations Oldenfelde and Berne further complement the public transportation options.

Attractive green spaces and recreational areas, including the Wandse lake, the Liliencron Park, and the nature reserves of Höltigbaum and Stellmoorer Tunneltal, are also readily available. The combination of local amenities, public transportation links, and a natural living environment supports the long-term rental potential of the location.