Flat for sale 2 bedroom • 38 m² without real estateErikastraße 46 Hamburg Eppendorf Hamburg 20251

For sale is a very well-designed 2-room pre-war apartment with a balcony in the popular district of Eppendorf. The apartment is located on the 1st floor and has a size of 37.42 m² according to the declaration of division (approximately 39 m² according to the rental contract). It is rented to a senior under a standard Hamburg rental agreement.

The entire complex was subdivided on June 2, 1997, into 41 residential units, some owner-occupied and some rented out. The property is well managed and continuously maintained. Within the apartment, many elements remain in their original condition (e.g., wooden floorboards, old doors, stucco), offering potential for a lovingly renovated interior upon a tenant change. Additionally, the apartment includes a ground-level storage room accessible from the inner courtyard.

Due to the very low rent of €213.78 per month (net cold), the apartment does not currently qualify as an investment property. To significantly increase the rent, the apartment would first need to be modernized (typical modernization costs are around €500 to €1,500 per m²). This circumstance has been taken into account in the purchase price.

We ourselves bought the rented condominium purely as a capital investment 10 years ago. We have never increased the rent and there was also no "failed" termination for personal use on our part. Modernization was considered, but ultimately not pursued. However, there is already a conceptual plan from the current owner, an architect, which can readily be taken over.

The location could hardly be better in Hamburg’s most popular district: The Eppendorfer Marktplatz with several bus lines, the Alsterlauf with its rowing clubs, Hayns Park, and the Kellinghusenstraße U-Bahn station are only a few steps away. Countless shopping opportunities, restaurants, cultural and leisure facilities, as well as doctors and even the university hospital are nearby – an intact, secure, and highly desirable residential environment.