Attractive residential and commercial building with an approximate yield of 6% – commission-free for the buyer.

For sale is an attractive residential and commercial building in a desirable location in Gießen-Kleinlinden. The property comprises a total of eight residential units and one commercial unit, offering investors an interesting combination of ongoing rental income, a well-structured and easily lettable residential property, and additional development potential. The total lettable area is approximately 456 m², distributed across approximately 388 m² of residential space and approximately 68 m² of commercial space. The generous plot of land covers approximately 1,070 m². Based on current or soon-to-be-achieved rental rates, the net cold rent is approximately €7,460 per month, or approximately €89,520 per year. This corresponds to an attractive gross rental yield of approximately 6%. A particular advantage of the property is its balanced and market-oriented residential structure. The apartment sizes range from approximately 20 m² to approximately 107 m², with a significant proportion consisting of smaller and medium-sized units. These sizes are particularly in demand in the university town of Gießen and appeal to a broad target group, including students, singles, young professionals, and commuters. The property offers excellent conditions for long-term, stable rental income. In addition, the front building features a commercial unit of approximately 68 square meters, currently used as a pizzeria. Its prominent location on Frankfurter Straße provides attractive conditions for this commercial use, complementing the residential use with an additional source of revenue. The building complex consists of a front building dating back to 1900, a middle building from 1978, and a rear building from 1966. The buildings are generally in a well-maintained and solid condition. A significant portion of the apartments have already been renovated in recent years. Investments have also been made in the technical infrastructure: the gas heating system in the front building was replaced in 2023, and the heating system in the rear building dates back to 2015. This represents significant improvements to the building's technical systems. Additional rental income is generated from parking spaces, a garage, and a rented-out warehouse. Behind the building complex, there is also a spacious garden area that is available for communal use by the tenants, further enhancing the quality of life. In addition to the ongoing rental income, the property offers interesting long-term development potential. For example, given the relatively low building density of the middle and rear buildings, a potential expansion should be considered. Any such development would, of course, be subject to the possibility of obtaining the necessary building permits. Overall, this presents an opportunity to acquire a profitable existing property with an approximate gross rental yield of 6%, a diverse tenant base and revenue structure, and additional development potential. This is an attractive investment for investors who wish to sustainably expand their portfolio in the economically strong and university-focused city of Gießen.

The property is located in the southern part of Gießen, in the popular district of Kleinlinden, directly on Frankfurter Straße. The location offers excellent access to the city center of Gießen, as well as convenient proximity to major regional and national transportation routes.

The main train station of Gießen, highway access points, and numerous shops and essential services are all easily accessible. In the immediate vicinity, you will also find doctors, service providers, restaurants, and other amenities.

A significant advantage of this location is its proximity to the Justus-Liebig University of Gießen. This is particularly beneficial for smaller and medium-sized apartments, which benefit from consistently high demand from students, singles, commuters, and young professionals.

The combination of excellent infrastructure, easy access to the city center, and strong tenant demand makes Kleinlinden an attractive location for both residential and investment purposes. At the same time, the location on Frankfurter Straße also offers good visibility and accessibility for the existing commercial unit.