House for sale • 1477 m² without real estate, Lower Saxony

Property Description

The offering consists of two multi-family houses with a total of 26 residential units in an established residential area within the city limits of Rinteln.

The existing portfolio is fully let and generates ongoing rental income from the economic handover. The tenancies have developed over the long term and are characterized by a stable payment structure without outstanding arrears.

The houses have been continuously maintained and extensively modernized in recent years. The buyer is not taking over a development project or a property with initial letting risk, but rather an established residential portfolio with a functioning tenant structure.

The property is particularly suitable for:

• Experienced private portfolio holders

• Regional entrepreneurs and asset management companies

• Family offices

• Buyers with a long-term focus on tangible assets

• Investors with a high proportion of equity

Key Data

• 2 multi-family houses

• 26 residential units

• Approximately 1,476.36 m² of living space

• Approximately 1,835 m² plot

• 20 parking spaces

• 7 garages

• Year of construction: 1984

• Fully let

• Current annual net rent: approx. €128,664

• Current annual gross rent: approx. €187,524

• Well-maintained condition

• Continuously modernized

• Commission-free direct sale

Modernizations and Technical Condition

The property has been regularly maintained and was last comprehensively renovated in 2025–2026.

The measures include, among other things:

• Renovation or refurbishment of the facades

• Refurbishment of the balconies

• Renewal of the main entrance doors

• Renewal or refurbishment of the apartment entrance doors

• Refreshing of the bathrooms

• Refurbishment of the corridors and stairwells

• Refurbishment of the basement areas

• Renewal of the mailbox systems

• Renewal of the video intercom system

• Renewal of water pipes as needed

• Complete renewal of the water pipes in building no. 16 about twelve years ago

• Condensing boiler heating system from 2014

The overall technical condition is very good. No acute backlog in renovations is currently apparent.

Rent and Income

The property is fully let.

The current annual net rent amounts to approximately €128,664.

The tenancies are stable. There are no outstanding rental arrears and no known structural payment defaults.

The rents have been developed conservatively over many years. An adjustment was last made on December 31, 2025, which was the first increase in around ten years.

Further rental development potential exists within the framework of legal possibilities and a long-term sustainable rental strategy. The property is not aimed at short-term rent maximization but at stable portfolio management.

Location

The two houses are located within the city limits of 31737 Rinteln in an established residential area.

Rinteln offers a solid residential infrastructure with shopping opportunities, schools, daycare centers, medical care, and good regional connections.

The location is particularly suitable for long-term residential use and contributes to the stable lettability of the portfolio.

Special Features

• Immediate rental income from handover

• Fully let

• No outstanding rental arrears

• Long-term stable tenant structure

• Comprehensive modernizations in 2025–2026

• No development or initial letting risk

• 20 parking spaces and 7 garages

• Technically well-maintained property

• Commission-free private sale

• Suitable for long-term portfolio management

Purchase Price

Purchase Price: €2,580,000

The sale is made directly by the owner and without a buyer’s commission.

Further documents, rental overviews, floor plans, energy certificates, and property documents will be provided after an initial qualified discussion.

Please briefly inform us with your inquiry:

• Whether the acquisition is intended for your own portfolio,

• Whether you already have experience with multi-family houses, and

• In what time frame a review would generally be possible.