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

Capital Investor Highlights

• Purchase Price: €389,000

• Indicative Rent: €22,272 per year

• Gross Yield: 5.7%

• Factor: 17.5

• 3 residential units

• 2 apartments immediately available for rent

• Electrical system modernized (2013)

• Gas heating renewed (2013)

• Hamburg-Finkenwerder

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

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

On a total living area of approximately 116 m², there are three residential units. Currently, the basement apartment is rented and already generating ongoing income, while the other two apartments are vacant and have been comprehensively modernized or are in the process of being modernized. This allows the new owner to immediately manage the letting process and adjust the rents to the current market level.

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

In 2013, extensive technical modernizations were carried out. The gas central heating system was renewed and the electrical installations were updated to a contemporary standard. All units are equipped with a three-phase power supply, their own electrical sub-distributions, and separate heat quantity meters for transparent and cost-cause-related billing.

If the free units are re-let at market rates, the potential annual net cold rent is approximately €22,000. This offers an interesting perspective for long-term oriented capital investors who rely on a stable Hamburg housing market.

Likewise, subject to legal framework conditions and approvals, furnished short-term rentals are possible.

Demand is enormous – thanks to the proximity to Airbus!

For investors who are not on site or wish for a smooth handover, the initial letting of the vacant units can also be arranged upon request. From determining the rental price to marketing and viewings, as well as the selection of suitable tenants and the signing of rental contracts, the entire process can be supported to ensure a fast and professional rental immediately after purchase.

Highlights at a Glance

• Three-family house in a desirable location in Hamburg-Finkenwerder

• Built in 1895, solid masonry construction

• Approximately 116 m² total living area

• Three residential units

• One apartment rented, two units vacant and newly renovated

• Upper floor apartment completely modernized

• Ground floor apartment currently undergoing comprehensive renovation

• Gas central heating system from 2013

• Renewed electrical installations with three-phase supply

• Separate electrical sub-distributions in all apartments

• Heat quantity meters for each residential unit

• Potential annual net cold rent of approximately €22,000

• Additional revenue opportunities through shared or furnished rental concepts

• Support available for the initial rental of the vacant units

• Attractive capital investment with further development potential

Location

Hamburg-Finkenwerder combines a quiet, established residential area with excellent connectivity to the Hamburg city center. The district is characterized by its proximity to the Elbe, good infrastructure, and consistently high rental market demand. Shopping facilities, restaurants, schools, doctors, and numerous leisure and recreational opportunities are in the immediate vicinity.

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

REINO-Investors UG

Duddenhausen 80

27333