Description

Income Property with 5 Apartments. Western Germany. Large City. The property is located in a large city in western Germany on a plot of 331 m². The building, constructed in 1959, includes five apartments with a total living area of 551 m². From 1998 to 2017, comprehensive renovation work was carried out. Central gas heating, windows, electrical panels, distributors, and wiring were replaced and modernized. The main entrance, staircase, bathrooms, copper water supply pipes, apartment layouts, roof, and facade were all updated. In the basement, connections for washing and drying machines were installed, and an additional room for drying laundry was created. The property is in very good condition. Price: €320,274. Current annual rent: €25,622. There is potential to increase rent to €28,464.