House for sale • 300 m² without real estate, Schleswig-Holstein
, Schleswig-HolsteinPublic transport 3 minutes of walking • Parking • GaragePrice€645,000
Translated with the help of AI
For sale is a partially modernized multi-family house with a stable and simultaneously growing rental structure, located on Rethfelder Straße in Elmshorn, in close proximity to the vocational school.
The property comprises four residential units as well as two garages and one parking space, and has been modernized in key areas over the past years.
Particularly noteworthy are the rent increases contractually agreed until 2035 and an approved expansion reserve in the ancillary building, which offers additional potential for value appreciation.
The sale is made directly by the owner and without any broker commission.
Key Facts
• 4 residential units
• 2 garages + 1 parking space
• Annual net cold rent: €33,600
• Purchase price: €645,000
• Factor: approx. 19.2
• Contractually agreed rent increases until 2035
• Approved expansion reserve
Potential Figures
• Additional rent: approx. €450 per month
• Additional annual net cold rent: €5,400
• Potential annual net cold rent: €39,120
• Factor including expansion: approx. 16.5
The property is located on Rethfelder Straße in Elmshorn, an established residential area in the Hamburg metropolitan region.
Elmshorn is distinguished by:
• Good transport connections to Hamburg
• Stable demand in the rental housing segment
• Well-developed infrastructure
The location is particularly suitable for permanent rentals in the mid-price segment.
Rental Structure
Monthly Rent Annual Rent
Residential Unit 1 - €450 - €5,400
Residential Unit 2 - €760 - €9,120
Residential Unit 4 - €830 - €9,960
Residential Unit 5 - €660 - €7,920
Garages / Parking Spaces - €80 - €960
Total Annual Net Cold Rent: €33,600
Rental Structure & Contractually Secured Rent Development
The property features a stable yet dynamically growing rental structure, as several units have already implemented contractually agreed rent increases.
These allow for predictable revenue increases without the need for new tenant acquisitions or additional investments.
Modernizations
In recent years, significant measures have been carried out:
Apartments
• New bathrooms
• New kitchens
• New pipelines
• Complete renewal of the electrical system in 2 apartments
• New flooring (click vinyl / parquet)
Building
• Roof renovated and insulated
• Heating system renewed in 2023 (gas)
Overall Rent Development
Year Annual Net Cold Rent
2026 - €33,720
2027 - €34,560
2028 - €35,160
2029 - €35,760
2030 - €36,360
2031 - €36,840
2032 - €37,320
2033 - €37,800
2034 - €38,280
2035 - €38,760
Factor Development
Scenario Factor
Current state: 19.2
Rent in 2030: 17.7
Rent in 2035: 16.6
Development Potential – Expansion Reserve
On the property, there is an ancillary building (shed) held as separate property of the sale item, for which a building permit already exists for conversion into an additional residential unit (approx. 30 m²).
Potential:
• Rent: approx. €450 per month
• Additional annual net cold rent: €5,400
• Estimated expansion costs: approx. €30,000
Factor Development Including Expansion
Scenario Factor
Including expansion: 16.5
2035 including expansion: 14.6
Property characteristics
| Age | Over 5050 years |
|---|---|
| Floor | Ground floor |
| EPC | F - Very uneconomical |
| Price per unit | €2,150 / m2 |
| Condition | After reconstruction |
|---|---|
| Listing ID | 1003281 |
| Usable area | 300 m² |
What does this listing have to offer?
| Balcony | |
| Garage | |
| MHD 3 minutes on foot |
| Basement | |
| Parking | |
| Terrace |
What you will find nearby
Public transportElmshorn, Otto-Hahn-Straße
🚶 265 m (3 mins)
Post office
🚶 451 m (5 mins)
ShopLidl
🚶 216 m (3 mins)
BankSparkasse
🚘 1,995 m (4 mins)
RestaurantOpposti
🚶 819 m (10 mins)
PharmacyAesculap-Apotheke
🚘 1,002 m (2 mins)
SchoolWirtschaftsakademie Schleswig-Holstein
🚘 1,513 m (3 mins)
KindergardenAWO Kindertagesstätte
🚘 1,051 m (2 mins)
Sports fieldNovum Hotel Sportlife
🚶 72 m (1 min)
Playground
🚘 1,188 m (3 mins)
How far to…:
Price€645,000
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