House for sale • 1396 m² without real estate, Schleswig-Holstein

For sale is a well-maintained multi-family house with a total of 12 residential units located in a quiet and sought-after residential area in Wentorf, at the end of a traffic-calmed cul-de-sac.

The property consists of 2 offset, attached houses. Each house has its own staircase and 6 apartments. The property impresses with its long-term stable rental situation, extensive modernizations, and an already approved potential for expansion in the attic.

The 12 apartments have an identical layout and each consists of 3 rooms with approximately 72 m² of living space. The total living area of the building is about 864 m². Each apartment is equipped with a full bathroom, a fitted kitchen, and a south-facing balcony with a storage room. In some bathrooms, a shower has been added in addition to the bathtub. Each bathroom has a window. Each apartment also comes with its own basement storage room. Additionally, the basement houses 2 bicycle storage rooms, 4 heated drying rooms, 1 caretaker's cellar, and 2 laundry rooms. Each laundry room is equipped with a coin-operated washing machine.

Furthermore, each apartment has its own car parking space on the spacious 2,478 m² property.

The property has been in the owner's possession for 23 years and has not experienced any vacancies during this period – an impressive testament to the high quality of living, excellent tenant structure, and sustainable demand in this micro-location.

The current annual net cold rent amounts to approximately 117,000 EUR, with an average rent of about 11.28 EUR/m².

The building has been continuously maintained and comprehensively modernized. Standout measures include:

- 2006: Facade insulation

- 2007: Installation of an intercom system

- 2016: Insulation of the cellar ceiling

- 2022: Renewal of the gas central heating system with central hot water production (Buderus)

- 2024: Installation of triple-glazed plastic windows

- 2025: Complete renovation of both staircases

In addition, all kitchens and bathrooms have been modernized over the past 20 years.

A particular highlight is the already prepared attic for expansion. According to the existing building permit, four additional 2-room apartments with a total living area of approximately 244 m² are planned. Offers from companies for the attic conversion are also available. This provides the property with attractive potential for value appreciation and development for investors.

The combination of stable rental income, sustainable modernization, quiet location, and additional potential for expansion makes this multi-family house an extremely interesting investment opportunity with a long-term perspective.

Comparable investment properties of this kind are very rarely offered on the market.

In the owner's possession for 23 years.

All viewings are to be conducted together with the owner!