Apartment building in the city center of Kaiserslautern, featuring 8 apartments, 5 garages, and potential for further development. No commission fees.

Commission-free, directly from the owners: Multi-family building with eight apartments and five garages, located in the city center of Kaiserslautern, at Reichswaldstraße 29–31. Three apartments will be vacant at the time of handover, the existing leases have potential for rent increases, and there is undeveloped space in the basement that could be converted into a ninth apartment. THE BUILDING
The building was built by our grandparents and has been in family ownership since its construction in the mid-1950s. It has been expanded in two further phases to reach its current size. Two house numbers share a common staircase, with four full floors above a basement and cellar levels. The property covers 645 m² on two separate plots. There are eight apartments, ranging from 65 to 96 m², totaling 630 m² of living space. Seven apartments have 3 rooms, a kitchen, and a bathroom. The apartment on the 3rd floor, on the left side, has 2 rooms and a large kitchen/living area. Four apartments have a particularly large living room, and six have a balcony or terrace on the south-facing side, which receives sunlight throughout the day. THE ANNUAL RENT HAS POTENTIAL FOR INCREASE IN THREE AREAS:
1. Three vacant apartments, totaling 251 m², and one garage can be re-rented according to your own specifications. Currently rented at €10.50/m², they could generate an additional €32,226 in annual rent. 2. In the basement, there are approximately 110 square meters that could be converted into an additional apartment. This offers potential for a new apartment in a central location. There is also a rental income reserve within the existing portfolio. Four out of the five existing leases are below the target rate of €10.50 per square meter, ranging from €4.81 to €7.73 per square meter. You can gradually increase these rents in accordance with legally permitted rent increases and during tenant turnovers. The current rental levels are confirmed by the market: in August 2026, we re-rented an apartment in the building for €10.48 per square meter. We received 94 applications in less than two weeks, and two out of the first three potential tenants wanted to rent the apartment. With most value-add properties, the potential depends on future tenant turnovers. Here, you can realize this potential from the day you take ownership.

RENTAL ARRANGEMENTS:
All five rental agreements are open-ended, without any tiered or indexed rent structures. There are no outstanding rental payments, and the rental agreements have been running smoothly for years without any issues. All rental agreements are complete and signed.

Kaiserslautern city center: Convenient location between the city center and the industrial area. The property is located on Reichswaldstraße, approximately 300 meters from Lothringer Eck, a central hub for transportation and public transport. IMPORTANT DISTANCES:
• City center (pedestrian zone, shopping mall): approximately 1.7 km
• Westpfalz Clinic (employer for nursing staff and doctors): approximately 1.3 km
• Merkurstraße industrial area: approximately 900 meters
• RPTU Kaiserslautern (university), easily accessible via Rauschenweg / Theodor-Heuss-Straße: approximately 3.2 km
• Vogelwoog / Blechhammerweiher nature reserve: approximately 900 meters
TRANSPORTATION AND PARKING
The A6 and A63 motorways are within a few minutes' drive. Bus stops are located 250 meters away, and the Kennelgarten train station is 600 meters away. In addition, there are approximately 10 free parking spaces on Reichswaldstraße and on the adjacent connecting street. EVERYTHING FOR DAILY LIFE WITHIN WALKING DISTANCE (200 TO 750 METERS)
LIDL, Kaufland, two pharmacies, two general practitioners, two bakeries, two butcher shops, several restaurants, a gym, two gas stations with shops, parcel lockers. Kindergartens and schools are also within walking distance. CLOSE TO THE CITY CENTER, BUT NOT SURROUNDED BY BUILDINGS
The building is not entirely surrounded by dense neighboring structures. Numerous windows offer views of green spaces or open views of the city. MARKET DEMAND
The location benefits from the employees of the Westpfalz Clinic and the nearby industrial area, as well as approximately 14,000 students at RPTU and the Kaiserslautern University of Applied Sciences. For you, this means a low risk of vacancy, a wide selection of potential tenants, and flexibility in setting the price.