House for sale • 310 m² without real estateBayreuth Bayreuth Bayern 95444

This multifamily house, constructed in 1938, combines solid construction with attractive usage possibilities. Until now, the building has been operated as a well-maintained and tenanted property for capital investment. In recent years, targeted investments have been made in the building’s structure. The current tenant mix is very reliable, which excludes any vacancies.

The annual net rental income amounts to €34,500 per annum – a rental increase of 10% is realistically achievable in the current condition in the short term.

A higher depreciation due to a shortened useful life is realistic and could potentially improve the tax burden.

With a living area of approximately 310 m², spread over 4 units, the property offers long-term stability and is fully rented. The plot covers about 405 m² and completes the offer with two garages and a cozy garden area.

Description

Multifamily house with 4 separate residential units

2 garages and 2 parking spaces

Excellent location

Highly attractive for various tenant groups

Fully rented – secure income without vacancies

Reliable rental income

Cellars and storage rooms available

You will find the property in a vibrant area in Bayreuth Altstadt/Glocken/Geigenreuth. In the immediate vicinity of the property, several bus lines are available. On foot, you can reach several restaurants, bakeries, doctors, cafés, and a shopping center. There are also several fashion stores, fitness studios, two bookstores, a green space and park, and a dry cleaner.

Well-proportioned, light-flooded apartments. The apartments are particularly suitable for shared housing, couples, or young families. The apartments have been very easy to rent – there has been no vacancy for 15 years.

The apartments on the ground floor, 1st floor, and 2nd floor have an identical floor plan. Two apartments (on the 1st and 2nd floors) feature a balcony – ideal for relaxing in the fresh air.

The entire house features double-glazed plastic windows (2005).

The exterior facade of the building was insulated in 2005.

The attic apartment was completely renovated in 2015.

The staircase was renovated in 2016.

The building’s electrical system was renewed in 2016 and installed in all apartments (each apartment has its own fuse box with an RCD).

Each apartment comes with a fitted kitchen.

Communal garden for the tenants

Parking spaces and two garages are available at the house.