Well-maintained multi-family building in Kassel-Nordshausen – fully rented with potential.

For sale is a well-maintained, fully rented multi-family house with four units, located in a quiet and established residential area of Kassel-Nordshausen. The building, constructed in 1964, offers a total of approximately 285 square meters of living space on a 432 square meter plot. The four apartments have living areas of approximately 55 square meters, 65 square meters, 65 square meters, and 100 square meters. The property also includes two garages and an outdoor parking space. The current monthly gross rent is €1,840, corresponding to an annual gross rent of €22,080. The average gross rent is currently approximately €6.46 per square meter. Due to the relatively low existing rents, there is potential for rent increases within the legal framework and in line with local market rates. The property has been partially modernized and maintained over the years. It features double-glazed plastic windows and an insulated roof. In 2001, the gas heating system for three apartments was replaced, and the bathrooms in three apartments were renovated. The 100-square-meter apartment has a separate gas heating system installed in 1989. In 2019, following water damage in the basement, the property underwent professional renovation work carried out by the company Isotec, with an investment of approximately €24,000. Documentation of the work performed is available. This property is particularly suitable for investors seeking a fully tenanted existing property with long-term development potential in Kassel. If there is serious interest in purchasing, further documents such as a rental overview, lease agreements, floor plans, construction documents, and renovation records can be provided. Viewings are by appointment only and in coordination with the tenants.

The property is located in Kassel-Nordshausen, a well-established district in the south of Kassel, primarily characterized by residential development. The location offers a peaceful residential environment while providing good access to the city center of Kassel.

Shops for daily necessities, as well as kindergartens, schools, and public transportation, are located nearby. The connection to the regional and national road network is also excellent.

Nordshausen offers a high quality of life due to its proximity to green spaces and recreational areas. The combination of a quiet residential area, good accessibility, and proximity to the city of Kassel makes the location attractive to both families and working professionals.

The property itself is situated on Wegelänge, in a well-established residential area with predominantly residential use.