Attractive residential and commercial building with a 6% return! No commission fees!

For sale is an attractive residential and commercial building in Gießen-Kleinlinden, comprising a total of 8 residential units and one commercial unit. The property offers investors an interesting combination of ongoing rental income, a well-structured and easily rentable residential layout, and further development potential. The total rentable area is approximately 456 m², of which approximately 388 m² is residential space and approximately 68 m² is commercial space. The generous plot of land covers approximately 1,070 m². The current, or soon-to-be-achievable, net cold rent is approximately €7,460 per month, or €89,520 per year. This results in an attractive gross rental yield of approximately 6%. Particularly interesting for investors is the balanced tenant structure. The apartment sizes range from approximately 20 m² to 107 m², with a large proportion consisting of smaller and medium-sized units. These apartment sizes are in consistently high demand in the university town of Gießen and are very well suited for renting to students, singles, young professionals, and commuters. In addition, there is approximately [amount] located on the ground floor of the front building. This 68 m² commercial unit is currently used as a pizzeria and benefits from its prominent location on Frankfurter Straße. The building complex consists of a front building (built in 1900), a middle building (built in 1978), and a rear building (built in 1966), and is generally in good and sound condition. A significant portion of the apartments have been renovated in recent years. Important investments have also been made in the building's infrastructure: the gas heating system in the front building was installed in 2023, and the one in the rear building in 2015. Additional income is generated from parking spaces, a garage, and a rented hall. Behind the buildings, there is also a spacious garden area that is available for shared use by the tenants. In addition to the current income, the property also offers long-term development potential. Due to the relatively low building density of the middle and rear buildings, it may be possible to consider an extension in the future. Of course, a corresponding planning permission would be required for this. Overall, this is a high-yielding existing property with a return of approximately 6%, good rental potential, and a broad income base – ideal for investors looking to build or expand a well-let portfolio in Giessen.

The property is located in the southern part of Gießen, in the Kleinlinden district, directly on Frankfurter Straße. The location offers excellent access to the city center while also being conveniently close to major transportation routes.

The Gießen train station, highway access points, and numerous shops and amenities are all within a few minutes' drive. In the immediate vicinity, you'll find doctors' offices, service providers, restaurants, and shopping options.

A particular advantage of this location is its proximity to the Justus-Liebig University of Gießen. This creates a consistently high demand, especially for smaller apartments, from students, singles, commuters, and young professionals.

The combination of excellent infrastructure, high rental demand, and proximity to the Gießen city center makes this location attractive to both residential and commercial tenants.