Hanseatic period building classic: 3 apartments for sale as a package. • Asking price: €44,605 • No commission fees.

Three renovated apartments in Lübeck – an attractive investment package | Factor 17.9 | No commission
Property Description:
Three apartments. One investment. A wealth of potential. For sale is an attractive package of three apartments located in a well-maintained Art Nouveau multi-family building from the turn of the century, situated at Schwartauer Allee 121 & 121a in Lübeck. These three units combine the charm of classic old buildings with modern living comfort, offering investors a rare opportunity to acquire multiple apartments within a single property, and without any commission. The apartments offer a total of 265.51 square meters of living space and comprise:
- A 2-room apartment with 64.05 square meters
- A 3-room apartment with 91.33 square meters
- A 4-room attic apartment with 110.13 square meters
The versatile layouts are particularly appealing, catering to a variety of target groups: singles, couples, families, shared living arrangements, or even concepts for furnished apartments. Two of the apartments have balconies overlooking the spacious communal garden. All units have their own cellar rooms. The apartments have been largely renovated and feature modern gas-fired condensing boilers. The apartment in the attic is equipped with a new fitted kitchen. Typical features of older buildings, such as:
+ High ceilings
+ Original wooden floors
+ Classic wooden doors
+ Spacious living/kitchen areas
+ Bright rooms
ensure sustainable rental potential and a high quality of life. This property is ideal for private and professional investors who want to benefit from the strong demand for apartments in older buildings in a central location. Key figures:
+ Annual net cold rent (calculated): €44,605.68
+ Total purchase price: €799,000
+ Factor: 17.9
+ Total living area: 265.51 m²
Since the apartments are currently vacant, they can be rented out immediately at market prices. This creates attractive opportunities to optimize rental income and achieve long-term appreciation. Conclusion: A rare investment opportunity in a charming, well-maintained older building with development potential: Three attractive apartments, modern building technology, desirable apartment sizes, and a central location make this property an interesting opportunity for long-term investors.

Schwartauer Allee is one of the most desirable residential areas in Lübeck. The city center, shopping facilities, restaurants, schools, doctors' offices, and public transportation are all easily accessible. At the same time, the large communal garden offers a rare retreat in an urban environment.