Multi-family house in Kempten, Sankt Mang, with 8 apartments, 3 garages, and potential for expansion.

The multi-family building in Kempten, Sankt Mang, comprises a total of 8 residential units and offers investors, in addition to existing rental income, further potential for development. The current net rental income is €59,700 per year. From the ground floor to the 3rd floor, there are two apartments on each floor, each with approximately 58 square meters of living space. The two apartments on the ground floor have been renovated. The entire building has PVC windows. Most of the apartments are in good condition or have been renovated. Some apartments still require modernization, which presents further potential for improving and optimizing rental income. In addition, the attic offers potential for expansion, which could, subject to the necessary permits, create additional living space. The property includes three garages and a spacious plot of land with a garden. Further development potential exists, for example, through the possible addition of balconies and energy-efficient measures to the building. Connecting to the district heating network is fundamentally feasible. A district heating pipeline is already located in the street. Furthermore, discussions are underway with Deutsche Post and other providers regarding the possible installation of a parcel locker on the property, which could create an additional source of income. Overall, the property offers an interesting combination of existing rental income and various opportunities for further development and appreciation.

The apartment building is located at Duracher Straße 24 in Kempten (Allgäu), in the Sankt Mang district. The location offers a good infrastructure with easy access to everyday amenities.

Shops, a primary school, kindergartens, doctors, a pharmacy, and various restaurants are located in the immediate vicinity. A bus stop is within a few minutes' walk and provides good connections to public transportation.

A particularly attractive feature is the stunning view of the Allgäu mountains. At the same time, the city center of Kempten is easily accessible. This location combines a good urban infrastructure with the high recreational value and scenic beauty of the Allgäu region.