House for sale 5+1 • 116 m² without real estateSteendiek 27 Hamburg Finkenwerder Hamburg 21129

Capital Investment Highlights

• Purchase price: €389,000

• Target rental income (Sollmiete): €22,272 per year

• Gross yield: 5.7%

• Factor: 17.5

• 3 residential units

• 2 apartments immediately available for new tenancy

• Electrical system modernized (2013)

• Gas central heating renewed (2013)

• Hamburg-Finkenwerder

Modernized Three-Family House in Hamburg-Finkenwerder – Attractive Investment with Development Potential

This charming multi-family house, built in 1895, combines the character of a classic Hamburg older property with extensive modernizations and attractive rental opportunities. The property offers investors the rare opportunity to acquire a well-maintained three-family house in the sought-after area of Hamburg-Finkenwerder—with immediate potential for rent increases and further development.

The overall living area of approximately 116 m² is divided into three residential units. Currently, the basement apartment is rented, already generating ongoing income, while the two other apartments are vacant and have been extensively modernized or are currently being modernized. This allows the new owner to immediately take charge of the rental process and adjust rents to the current market level.

The upper floor apartment has just been renovated. In addition to fresh painting work, the bathroom was updated and the balcony enhanced. The ground floor apartment, with approximately 45–47 m², is also currently undergoing extensive renovations and will be available for immediate occupancy or rent thereafter.

In 2013, extensive technical modernizations were carried out. The gas central heating system was renewed and the electrical installations were upgraded to meet contemporary standards. All apartments benefit from three-phase power supply, their own sub-distribution panels, as well as separate heat cost allocators for transparent and cost-causal billing.

With market-appropriate new rentals for the vacant apartments, the potential annual net cold rent is around €22,000. This offers an interesting perspective for long-term oriented investors, relying on the stable Hamburg residential market.

Highlights at a Glance

• Three-family house in the desirable area of Hamburg-Finkenwerder

• Built in 1895, solid masonry construction

• Approx. 116 m² total living area

• Three residential units

• One apartment rented, two units vacant and freshly renovated

• Upper floor apartment fully modernized

• Ground floor apartment currently undergoing extensive renovation

• Gas central heating system from 2013

• Upgraded electrical installations with three-phase supply

• Separate sub-distribution panels in all apartments

• Heat cost allocators for each unit

• Potential annual net cold rent of approx. €22,000

• Attractive investment with further development potential

Location

Hamburg-Finkenwerder combines a quiet, established residential environment with excellent connections to Hamburg’s city center. The district is distinguished by its proximity to the Elbe, good infrastructure, and consistently high rental market demand. Shops, restaurants, schools, doctors, and numerous leisure and recreational facilities are located in the immediate vicinity.

An ideal investment for investors seeking a manageable, modernized multi-family house with sustainable rental potential in a highly sought-after Hamburg location.

REINO-Investors UG

Duddenhausen 80

27333