House for sale • 595 m² without real estateMarienwerderstr.3, , Lower Saxony

Here you are offered the opportunity to purchase a multi-family house with 10 apartments as a package.

The house is particularly suitable for

– people who require larger living space,

– people who wish to live together across generations,

– companies looking for employee housing,

– investors who want to rent out workers’ accommodations,

– investors seeking housing for students,

– investors for shared apartment rentals,

– and for Airbnb rentals.

The basement-equipped residential complex is located in the sought-after Linden-Mitte area of Hannover, was built in 1910 with solid construction, and is in very good condition.

Linden-Mitte is the cradle of Linden. The lively, diverse district of Linden-Limmer is defined by the shops, restaurants, and cinemas on Limmer and Stephanusstraße, which are surrounded by old houses and new residential developments. On the Linden market square, the district’s main square, both the old and the new town halls are located. A weekly farmers’ market takes place at Pfarrlandplatz. A strip of greenery along the banks of the Leine and Ihme attracts joggers and cyclists. On the Linden Hill, the Scilla Festival is held every spring.

– The apartments are equipped with wooden plank and laminate floors

– Double-glazed plastic windows

The following renovations have already been completed:

– 2008: Renewal of the gas central heating system

– 2025: Facade at the front of the house freshly painted

– 2012: Heating cost distributors replaced

– 202024: Smoke detectors and house bell renewed

– 2015/2016: Windows replaced throughout the house, except in the storage rooms

– 2020: New water meters installed in all apartments

– 2024: Facade at the back of the house freshly painted

– 2022: Roof repaired

– 2023: Re-design of the backyard

– 2023: Staircase freshly painted

Additional information:

– A maintenance reserve is not available since the property is not partitioned.

Currently, 7 apartments are vacant. These apartments have been extensively renovated.

Until full occupancy is achieved, you will receive a commercial lease contract from the company SimplyINVEST. This ensures that you have predictable income from the very beginning. When renting out the vacant apartments as shared living spaces (WG), a monthly cold rent of around €10,000 is achieved. When calculating with a bank rate of 4% interest and 1.5% repayment, there is a monthly surplus before tax of approximately €2,500!!! And a rental yield of 7.3%.

The images were created using AI and are intended to illustrate how the furnished apartments might look, as well as to offer furnishing ideas and design proposals for the house and courtyard.