Extensively modernized residential and commercial building with development potential. No commission fees!

The residential and commercial building is located in a central area of Dillenburg and consists of a front building and a rear building, currently comprising a total of 20 existing and rented units. The property already boasts an attractive revenue base. The current annual net cold rent, following the ongoing re-letting of 3 renovated apartments, is approximately €230,000, and this does not yet include the planned six additional apartments. A significant portion of the renovation and modernization measures have already been implemented. To date, more than €1 million has been invested in the renovation of the property. As part of the modernization measures already carried out, significant parts of the building have been extensively upgraded. This includes the completely renovated ground floor of the rear building, as well as the modernized ground floor of the front building. In addition, a unit of approximately 150 m² on the first floor has been completely renovated. Furthermore, three additional apartments have been fully renovated and are currently being rented out. Currently, the rentable area consists of approximately 1569 m² of residential space and approximately 1190 m² of commercial space. A commercial space of approximately 140 square meters will become available at the end of March 2027. It would be possible to convert this space into residential use, further increasing the total living area. Modern air-to-air heat pumps have been installed in the newly renovated residential and commercial units in the rear building. This has also brought the technical equipment of the modernized spaces up to date. Another factor contributing to the property's stability is the commercial sector. The existing commercial tenants have long-term leases, some of which are secured by public law. This ensures a predictable revenue stream within the commercial property. Of particular interest to investors is the additional development potential: the area currently used as a tanning salon can be converted into six additional apartments. The necessary building permit is already in place. The buyer is therefore not acquiring a purely theoretical development scenario, but rather a building permit for a clearly defined value-added step that can be implemented according to their own strategy. Upon completion of the additional apartments and full occupancy, the projected annual gross rental income is expected to reach approximately €280,000. Furthermore, there is potential for further rental increases within the existing properties, meaning that the projected rental income may not necessarily represent the long-term maximum yield of the property. The approximately 2,495 m² plot of land also includes 16 parking spaces. This property is particularly suitable for investors, existing property owners, and project developers seeking a currently profitable portfolio with extensive renovation work already completed and further development potential.

The property is centrally located in Dillenburg. The train station is only about 600 meters away and offers good connections to regional train services.

Gießen, Siegen, and the Rhine-Main area are easily accessible via the B277 and the nearby A45 motorway.

Shops, restaurants, pharmacies, banks, and other essential amenities are located in the immediate vicinity or within walking distance.