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

Property Description

The offer consists of two multi-family houses with a total of 26 residential units located in a mature residential area within the municipality of Rinteln.

The property is fully let and, from the time of financial transfer, generates ongoing rental income. The lease agreements have developed over the long term and are characterized by a stable payment structure without any outstanding arrears.

The buildings have been continuously maintained and extensively modernized in recent years. The buyer is not acquiring a development site or a property with initial letting risks, 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 tangible asset orientation

• Investors with a high equity share

Key Data

• 2 multi-family houses

• 26 residential units

• Approx. 1,476.36 m² of living space

• Approx. 1,835 m² plot area

• 20 parking spaces

• 7 garages

• Year built: 1984

• Fully let

• Current annual net rental income: approx. €128,664

• Current annual gross rental income: approx. €187,524

• Well-maintained condition

• Continuously modernized

• Commission-free direct sale

Modernizations and Technical Condition

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

The measures include, among others:

• Renovation or refurbishment of the facades

• Refurbishment of the balconies

• Replacement of entrance doors

• Replacement of windows

• Replacement or refurbishment of apartment entrance doors

• Refresh of the bathrooms

• Refurbishment of hallways and staircases

• Refurbishment of the basement areas

• Replacement of the mailbox systems

• Replacement of the video intercom system

• Replacement of water pipes as needed

• Complete replacement of the water pipes in house No. 16 about twelve years ago

• Condensing heating system from 2014

The overall technical condition is very good. There is currently no apparent backlog of necessary renovations.

Rental and Income

The property is fully let.

The current annual net rental income is approx. €128,664.

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

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

There is further potential for rent development within the framework of legal possibilities and a long-term sustainable rental strategy. The property is geared towards stable portfolio management rather than short-term rental maximization.

Location

The two houses are located within the municipal area of 31737 Rinteln in a mature residential setting.

Rinteln offers solid residential infrastructure with shopping facilities, schools, kindergartens, medical services, and good regional connections.

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

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

Asking Price

Asking Price: €2,580,000

The sale is conducted directly by the owner and without any buyer commission.

Further documents, rental overviews, floor plans, energy certificates, and plot documentation will be provided after an initial qualified exchange.

Please let us know in your inquiry:

• Whether the acquisition is intended for your own portfolio,

• Whether you have prior experience with multi-family houses,

• And what time frame would generally be possible for a review.