Multi-family building in Wilhelmshaven – 8 units, fully rented, gross rental yield of 6.4%.

THE PROPERTY
For sale is a well-maintained and profitable multi-family building dating back to 1912, constructed with solid masonry. The property is in a modernized condition. It comprises eight apartments spread across four floors, with two units per floor, totaling 23 rooms and approximately 613 m² of living space. The plot of land measures approximately 576 m². Each apartment has its own balcony overlooking the communal garden. The building is fully basemented, and each tenant has their own storage room in the basement.

THE APARTMENTS (INDIVIDUALLY)
All eight apartments are currently rented and are in a modernized condition. Two of the eight apartments have recently been renovated. The remaining apartments have been modernized within the last 10 years.

* Apartment 1 – Ground floor, left – 3 rooms – 75.20 m² – €499 (6.64 €/m²)
including fitted kitchen
* Apartment 2 – Ground floor, right – 3 rooms – 75.15 m² – €600 (7.98 €/m²)
including fitted kitchen
* Apartment 3 – 1st floor, left – 3 rooms – 79.09 m² – €632 (7.99 €/m²)
including fitted kitchen (to be updated in 2026)
* Apartment 4 – 1st floor, right – 3 rooms – 79.16 m² – €633 (8.00 €/m²)
recently renovated, including fitted kitchen
* Apartment 5 – 2nd floor... Apartments – 3 rooms – 80.75 m² – €640 (7.93 €/m²)
Includes fitted kitchen
• Apartment 6 – 2nd floor, right side – 3 rooms – 80.82 m² – €646 (7.99 €/m²)
Includes fitted kitchen
• Apartment 7 – 3rd floor, left side – 2 rooms – 62.61 m² – €585 (9.34 €/m²)
Newly renovated, including a new bathroom and fitted kitchen (2026)
• Apartment 8 – 3rd floor, right side – 3 rooms – 80.34 m² – €620 (7.72 €/m²)
Includes fitted kitchen
In total, this represents approximately 613.12 m² of living space and a monthly gross rent of €4,855, averaging €7.92/m². KEY FIGURES AT A GLANCE
• Purchase price: €915,000
• Purchase price / m²: €1,492
• Monthly gross rent: €4,855
• Annual gross rent: €58,260
• Gross rental yield: 6.4%
• Occupancy rate: fully occupied, 8 out of 8 units
• Purchase ancillary costs: approximately €59,735 (6.5% - without real estate agent, directly from the owner)
• Allocation of purchase price for depreciation purposes: 92% building, 8% land and property. WHAT HAS ALREADY BEEN INVESTED AS OF 2026:
• The exterior cladding on the back of the building has been renovated (currently in progress).
• Eight balconies have been refurbished (currently in progress).
• The stairwell is being renovated (still to be completed by the seller).
• The flat roof has been repaired.
• Two apartments have been newly renovated.
• Property management has been restructured: property management, stairwell cleaning, landscaping, and winter services have been contracted out.
The buyer is therefore acquiring a property that has already been renovated and optimized, not a project. FURTHER RENTAL POTENTIAL:
• Apartment 1 is currently rented at €6.64 per square meter, which is below the average for the building, representing a significant opportunity for increased revenue.
• Apartment 8 is subject to a stepped rental agreement, meaning the rent will continue to increase according to the contract.
Serious interested parties will receive a comprehensive package of documents, including the property details, rental statements with move-in dates, and information on ancillary costs. FOR INVESTORS:
A preliminary assessment by a publicly appointed and sworn expert suggests a remaining useful life that allows for depreciation of approximately 5%. The tax implications in each individual case should be discussed with your own tax advisor.

The property is located in the Heppens district, one of the most central areas of Wilhelmshaven, and is situated in a desirable residential area with a mix of single-family homes, apartment buildings, and commercial properties. It is located in a quiet zone with a speed limit of 30 km/h. Parking is readily available on the street directly in front of the house, although there are no dedicated parking spaces.

Everything you need is within walking distance: a supermarket and pharmacy are 500 meters away, the spa park is 700 meters away, a doctor's office is 850 meters away, a school is 1.0 km away, and a daycare center is 1.3 km away.

The property is located within the officially designated redevelopment area of Tonndeich. Potential tax implications should be discussed with your own tax advisor.