Rare opportunity: Purchase 12 residential units near the Baltic Sea, commission-free.

Apartment building on the Baltic Sea | 12 residential units | Immediate cash flow and potential for rent increases:
This well-maintained apartment building, located in a desirable area of Neustadt in Holstein, offers investors a rare opportunity to acquire an established investment with a stable cash flow and additional development potential. The property comprises 12 residential units, a storage space that is currently rented out, and 10 parking spaces. Furthermore, it benefits from its sustainable rental potential in a sought-after residential area near the Baltic Sea. The building (built in 1970) has been continuously modernized and is in good condition: In recent years, windows, facades, bathrooms, floors, and numerous kitchens have been renovated. In addition, the building has basement rooms and a communal garden available to all tenants. With a total living area of approximately 655 m² on a 1,221 m² plot, the property currently generates a net cold rent of approximately €79,070.64 per year. The average existing rent is approximately €9.77/m², which is, in some cases, significantly below the local market level. This presents an attractive potential for rent increases upon new leases or future adjustments. This combination is particularly interesting for investors:
+ Immediate rental income
+ High demand for housing near the Baltic Sea
+ Continuously modernized building structure
+ Additional development potential through adjustments to existing rental rates
+ Long-term attractive location in a popular coastal region
Conclusion: An attractive existing property investment with excellent return potential. Purchase price: €1,695,000 (no commission).
For inquiries and to arrange viewings, please contact us through the portal, or feel free to call us directly. Your contact person is Ms. Michaela Hop. You can reach her on her mobile phone at: 0173-2636531.

The property is located on Ziegeleiweg in Neustadt in Holstein. Its location is characterized by its proximity to the Baltic Sea, as well as to popular coastal towns such as Grömitz, Scharbeutz, and Timmendorfer Strand. The beach, harbor, and city center are easily accessible. In addition, Neustadt offers excellent infrastructure with schools, medical facilities, shopping opportunities, restaurants, and good transport links via the nearby A1 motorway.