House for sale • 2016 m² without real estate, Hesse

For sale is a fully leased multi-family house with 29 residential units in an attractive location close to Fulda’s city center. The building was constructed in 1956 and offers approximately 2,016 m² of living space on a plot of about 2,167 m².

The housing stock impresses with a consistently rentable structure consisting predominantly of compact to medium-sized units. The property is completely leased and currently generates an annual net cold rent of €163,555.20. The average net cold rent is approximately €6.82 per m².

In addition, the property offers further income potential: the next rent adjustment is scheduled for January 2027, which opens up additional opportunities to increase ongoing revenues.

Structurally, the property also offers interesting prospects. The attic has further potential for expansion and, according to current considerations, offers the possibility to create up to four additional residential units. The specific permit feasibility and implementability are to be verified by the buyer.

The building is characterized by a solid construction and a functional, market-oriented standard of equipment. Combined with full occupancy, a good apartment structure, and additional development and rental increase potential, the property provides an attractive basis for long-term oriented investors.

The property is located on Gallasiniring in a well-established residential area close to the center of Fulda. According to the owner, downtown Fulda can be reached in just about a five-minute walk.

The location thereby combines a short distance to the city center with excellent integration into the existing infrastructure. Shopping facilities, service providers, dining establishments, medical care, and other daily necessities are all conveniently accessible. The area around the train station and other central service areas are also quickly reachable.

The immediate surroundings are characterized by multi-story residential buildings, established residential structures, and green spaces. Proximity to Ostend and Künzeller Straße also ensures good connectivity to the wider Fulda area.

Additional location advantages arise from current and future developments in the nearby area. These include, among others, new educational opportunities or a new school, and particularly the immediate vicinity of the former Gummiwerke/Goodyear site. The future development of this area may further enhance the surroundings and inject additional dynamism into the location.

The combination of city-center proximity, excellent infrastructural connectivity, stable housing demand, and further development potential makes the location particularly attractive for long-term real estate investors.

Summary:

+ 29 residential units – fully leased

+ Approximately 2,016 m² of living space

+ Approximately 2,167 m² of plot area

+ Built in 1956

+ Annual net cold rent: €163,555.20

+ Average net cold rent: approx. €6.82 per m²

+ Attractive rent development potential

+ Decentralized heating supply via individual gas boilers

+ Potential for up to four additional residential units in the attic

+ Established housing stock in a desirable Fulda city location

If you are interested in the property, we look forward to receiving your inquiry via the contact form including your full contact details and a telephone number at which we can reach you personally.

Additional photographs and property documents will be provided upon request. The sale is commission-free in a private transaction directly by the owner.