House for sale • 537 m² without real estateKiel Gaarden-Süd/Kronsburg Schleswig-Holstein 24143

The sales property presents itself as a charming multi-family house with 8 residential units from the turn of the century, featuring a historic façade design and a representative terrazzo staircase.

The current net annual operating income amounts to €46,645. Rent adjustments have already been initiated and will be implemented by October 2026 at the latest. The target net annual operating income is €57,373. A tenant list can be provided.

This income-producing asset is located in an urban residential district on the east side of Kiel and benefits from good infrastructure as well as favorable access to the city center. The surroundings are characterized by established residential structures, stable demand for inner-city living space, and convenient access to amenities for daily needs.

Shopping options, service providers, dining establishments, and public facilities are all in close proximity and can often be reached conveniently on foot. The social infrastructure is also very well developed: several daycare centers as well as schools are located in the area, which further enhances the attractiveness of the location. Transportation is good for both private vehicles and public transit. Kiel’s city center, the main train station, and other central destinations can be reached in a short time. This means the location offers excellent prospects for sustainable tenancy and appeals to a broad tenant spectrum—from singles and couples to small families.

The existing apartments are characterized by pleasant ceiling heights, functional floor plans, and spacious balconies overlooking the landscaped inner courtyard.

Additionally, the attic presents attractive development potential for the creation of three further residential units. A corresponding building permit, dating from April 2026, is already in place. Moreover, according to the already approved partitioning plan, there is the possibility to complement the ground floor apartments with terraces and private garden areas. This would create additional living value and further enhance the potential of the property in this urban setting.