No fees! Attractive residential and commercial building with a 6.5% return!

For sale is a well-maintained residential and commercial building in a desirable location in Gießen-Kleinlinden. The property features eight residential units, one commercial unit, and additional rented spaces, offering a diverse income stream and further development potential. The total rentable area is approximately 456 m², comprising approximately 388 m² of residential space and approximately 68 m² of commercial space. The property occupies a plot of approximately 1,070 m². Based on the current occupancy and achievable rental rates, the net cold rent totals approximately €7,520 per month, or approximately €90,000 per year. This corresponds to a gross rental yield of approximately 6.5%. The apartment sizes range from approximately 20 m² to approximately 107 m². The focus is on smaller and medium-sized units, which appeal to a broad target group – from students and singles to young professionals and commuters. This mix of apartments provides excellent conditions for long-term rental potential in the university city of Gießen. Located on the ground floor of the main building is the approximately 68 m² commercial unit, which is currently used as a pizzeria. Its prominent location on Frankfurter Straße offers attractive conditions for commercial use. The building complex consists of a front building dating back to 1900, a middle building from 1978, and a rear building from 1966. Overall, the property is in a well-maintained and solid condition. A significant portion of the apartments have already been renovated in recent years. Furthermore, some of the building's systems have been updated: the gas heating system in the front building was replaced in 2023, and the heating system in the rear building dates back to 2015. Parking spaces, a garage, and a rented warehouse complement the income structure. Behind the building complex is a spacious garden that is available for communal use by the tenants, further enhancing the quality of life. In addition, the property offers long-term development potential. Given the relatively low height of the middle and rear buildings, an extension could be particularly worth considering. The legal permissibility and technical feasibility of such an extension would need to be investigated separately. The property combines a diverse rental structure with an attractive rental yield based on current or potentially achievable rents. This makes it an interesting opportunity for investors looking to expand their portfolio in the Gießen university location.

The property is located in the southern part of Gießen, in the popular district of Kleinlinden, directly on Frankfurter Straße. The location offers excellent access to the city center while also providing convenient connections to regional and national transportation routes.

The Gießen main train station and the highway access points are easily accessible in a short amount of time. The proximity to shops, doctors, service providers, and restaurants ensures a high quality of life.

Another advantage of the location is its proximity to the Justus-Liebig University of Gießen. This makes the smaller and medium-sized apartments particularly attractive to a wide range of potential tenants, including students, singles, commuters, and young professionals.

The combination of excellent infrastructure, short distances, and proximity to the university creates favorable conditions for long-term rental potential. Furthermore, the location on Frankfurter Straße ensures good visibility and accessibility for the existing commercial unit.