High-yield multi-family house with development potential in Bielefeld-Mitte.

For sale is a historic building in a central location in Bielefeld-Mitte, offering attractive potential for appreciation and presenting an interesting opportunity, particularly for project developers, construction companies, and professional real estate investors. The historic building's structure provides a solid foundation for developing modern apartments with a charming, traditional character. A comprehensive renovation offers significant potential for sustainably enhancing the property's value. A high-quality revitalization can create a modern living space within a historic building. The combination of traditional character, central location, and contemporary standards opens up various development strategies. In addition to the classic rental of up to eight apartments, dividing the property and subsequently selling the renovated apartments individually is also a viable option. Comparable properties in Bielefeld-Mitte demonstrate that renovation can result in a significant increase in value compared to an unrepaired property. Alternatively, the property is suitable for long-term ownership. Due to the apartment sizes, which are approximately... The property, with a total area of 83 m², also offers the possibility of being used as accommodation for groups of three people. In total, up to 24 shared accommodation rooms could be created. The central location in Bielefeld and the large number of universities offer particularly promising opportunities for student housing and concepts targeting young professionals. Highlights:
• Central location in Bielefeld-Mitte (Luisenstr. 11)
• Plot size: 428 m²
• Approximately 550 m² of existing living space, divided into 7 residential units
• Additional potential for expansion (approximately 50 m²) in the attic for another residential unit
• 2 units are currently occupied, the others are vacant
• A wide range of possible uses and exit strategies
• Condition: Requires extensive renovation and modernization
• Sale without commission.