House for sale • 870 m² without real estateNürnberger Str. 57 Erlangen Erlangen Bayern 91052

This attractive income property is offered as a whole and comprises a centrally located multi-family house with two commercial units on the ground floor. The residential areas above are currently rented to students. The multi-family house with its commercial units benefits from an excellent location in the city center and is within easy walking distance of the arcades.

In 2011, to expand the business premises, an extension was added to the rear of the multi-family house, providing a total of 315 m² of new construction area, including three student apartments on the terrace, and a spacious new basement was created for additional storage space. The plot is designated as building land, offering a variety of development possibilities, and three apartments on the terrace were newly built at the same time.

The construction work was supervised by the certifying engineer Dr.-Ing. Johannes-Stefan Kreutz. All six inspection reports are available for review.

A rear building—originally designed as a four-party residence—completes the property and faces the courtyard. This building spans two generous floors with a total of 173 square meters and is currently occupied by the owner. Renting out this rear building presents additional attractive income opportunities.

On the ground floor, the rear building features a spacious living room with a kitchen, a separate toilet, and three office rooms. In one of these rooms, additional kitchen connections have been maintained. The upper floor comprises four spacious rooms as well as a daylighted bathroom with both a bathtub and a shower.

Both the multi-family building and the rear building were comprehensively renovated and/or extended between 2010 and 2012. The multi-family house was completely insulated (with 14 cm of external insulation), expanded, and had its electrical and sanitary installations renewed with new windows fitted. The adjoining single-family house was also renovated, with two sides of the building insulated and the roof properly insulated. Its electrical wiring and plumbing were renewed, new tiles were laid, and new windows were installed.

The plot is developed on both sides, providing additional flexibility. Overall, this property offers a unique opportunity for investors seeking a high-yield investment in a prime location.

The income property impresses with its excellent location right in the heart of Erlangen, making it an extremely attractive investment. It is centrally located and just a few minutes’ walk from the arcades—a major shopping center in the city. Thanks to this location, all the necessities of daily life, including shops, restaurants, supermarkets, and public transportation, are easily accessible on foot. This central position not only provides a high quality of life for residents and business operators but also promises continuous demand for rental properties, further enhancing the attractiveness of the income property as a long-term investment.

Features:

• Both buildings completely renovated

• District heating

• Central location

• 2 commercial units

• Monthly net rental income from the multi-family building and parking: 14,380 Euros

• Additional rental income possible: current rental price is very moderate