Excellent location – rented 2-room apartment in a historic building.

For sale is a well-proportioned 2-room apartment in a historic building with a balcony, located in the popular Eppendorf district. The apartment is on the 1st floor and has a size of 37.42 square meters according to the property declaration (approximately 39 square meters according to the lease agreement). It is currently rented to a senior citizen under a standard Hamburg rental agreement. The building was divided into 41 residential units on June 2, 1997, some of which are owner-occupied and some are rented out. The building is well-managed and continuously maintained. Many original features remain in the apartment (e.g., wooden floors, old doors, stucco), offering potential for a tasteful renovation if a new tenant is found. The apartment also includes a ground-floor storage room accessible from the courtyard. Due to the very low rent of €213.78 per month (net, cold rent), the apartment is not currently a profitable investment. To significantly increase the rent, the apartment would first need to be renovated (typical renovation costs are approximately €500 - €1,500 per square meter). This factor has been taken into account in the asking price. We purchased this rented apartment 10 years ago as a pure investment property. We have never increased the rent, and there has never been any attempt to terminate the lease for owner-occupancy. A renovation was considered but not pursued. However, the current owner, an architect, has a renovation plan that can be taken over.

The location in Hamburg's most popular district couldn't be better: The Eppendorf marketplace, with its numerous bus lines, the Alster river with its rowing clubs, Hayns Park, and the Kellinghusenstraße subway station are all just a few steps away. Countless shopping opportunities, restaurants, cultural and leisure activities, as well as doctors and the university hospital are nearby – creating an intact, safe, and highly desirable living environment.