31 residential units in Munich - Prime location.

I am selling my fully rented residential property portfolio in Munich, Haidhausen. The complex was built in 1953/1954 and comprises three buildings with a total of 31 apartments, covering approximately 1,891 square meters of living space, on a plot of approximately 1,473 square meters. The mix of apartments consists of 1- to 3-room units, with 11, 9, and 11 units respectively in each building. The apartments are already divided according to the "Wohnungseigentumsgesetz" (WEG - German condominium law) and each has a cellar compartment. The current annual net cold rent is approximately €445,000, and the property is fully occupied. In total, the property includes 21 parking spaces, 12 of which are in an underground garage and 9 above ground. The complex was originally divided among several owners, and I have gradually acquired the individual units over the years, consolidating the portfolio. Consequently, the apartments have varying levels of equipment and modernization: Some have already been renovated or modernized, while others are in an older, well-maintained condition and can be upgraded accordingly when tenants change. The roof was replaced in 2022, and the remaining building components have been regularly maintained. The heating system currently uses an oil-fired boiler from 1999, with an energy efficiency rating of E. District heating is now available in the street and could be considered as an alternative heating solution in the future. Furthermore, there is potential for development through the possible addition of two more apartments in the attic; an extension of the building could also be considered, subject to the relevant building regulations and technical feasibility.

The property is located in 81667 Munich-Haidhausen. The location is central, well-connected, and everything you need for daily life is readily available in the surrounding area. Based on my experience, renting out the apartments has been straightforward over the years. I have also had no difficulties in re-renting the apartments when tenants have moved out.