5.1%, renovated residential and commercial building. Includes a 800 m² commercial center with a 315 m² new building, two commercial units, and a backyard.

This attractive investment property is offered as a whole and consists of a multi-family building in a central location, with two commercial units on the ground floor. The residential areas above are currently rented to students. The multi-family building, with its commercial units, benefits from an excellent location in the city center and is conveniently located within walking distance of the arcades. In 2011, an extension was added to the rear of the property to expand the commercial space, comprising 315 square meters of new construction, including three student apartments on the terrace. A spacious basement was also newly created to provide additional storage space. The property is designated as building land, offering a variety of development possibilities. Three apartments on the terrace were newly built at the same time. The construction work was supervised by the certified engineer Dr.-Ing. Johannes-Stefan Kreutz. All six inspection reports are available for review. A separate building, originally a four-unit building, completes the property and faces the courtyard. This building extends over two spacious floors with a total area of 173 square meters and is currently occupied by the owner. The rental of this detached building offers further attractive income opportunities. The detached building features a spacious living room with a kitchen on the ground floor, a separate toilet, and three office rooms. One of these rooms still has kitchen connections. The upper floor comprises four generously sized rooms and a bright bathroom with a bathtub and shower. Both the multi-family building and the detached building were extensively renovated/extended between 2010 and 2012. The multi-family building was completely insulated (with 14 cm of external insulation), renovated, and its electrical and plumbing systems were updated, and new windows were installed. The detached house/single-family home was also renovated, with insulation added to two sides of the building and proper roof insulation. The electrical and plumbing systems were also updated. Tiles were installed, and new windows were fitted. The property has access on both sides, offering additional flexibility. Overall, this property presents a unique opportunity for investors seeking a high-yield investment in a prime location.

This investment property stands out due to its excellent location in the heart of Erlangen, making it an extremely attractive investment. It is centrally located, just a few minutes' walk from the Arkaden, a major shopping center in the city. Thanks to this location, all amenities for daily life are conveniently accessible on foot, including shops, restaurants, supermarkets, and public transportation. This central position not only offers a high quality of life for residents and businesses, but also promises a consistent demand for rental properties, further increasing the attractiveness of this investment property as a long-term investment.