House for sale • 455 m² without real estate, Hesse

For sale is an attractive residential and commercial building located in the sought-after area of Gießen-Kleinlinden. The property comprises a total of eight residential units as well as one commercial unit, offering investors an interesting combination of ongoing rental income, a diversified and easily let residential structure, and additional development potential.

The total lettable area measures approximately 456 m², divided into around 388 m² of living space and about 68 m² of commercial space. The spacious plot covers approximately 1,070 m².

Based on the current or soon achievable leasing situation, the net cold rent amounts to about €7,460 per month, or approximately €89,520 per year. This corresponds to an attractive gross rental yield of around 6%.

A particular advantage of the property lies in the balanced and market-oriented apartment structure. The apartment sizes range from about 20 m² to around 107 m², with a significant portion consisting of smaller and medium-sized units. These sizes are especially in demand in the university town of Gießen and appeal to a broad target group – including students, singles, young professionals starting their careers, and commuters. Accordingly, the property offers very good conditions for long-term stable tenancy.

In the ground floor of the front building, there is additionally a commercial unit of approximately 68 m², currently used as a pizzeria. Its highly visible location on Frankfurter Straße provides attractive conditions and complements the residential use with an additional source of income.

The building ensemble consists of a front building dating from 1900, a central building from 1978, and a rear building from 1966. Overall, the buildings are in a well-maintained and solid condition. A large part of the apartments has already been renovated in recent years.

Investments have also been made in the technical equipment: The gas heating system of the front building was renewed in 2023, and the heating system of the rear building dates from 2015. Thus, essential measures regarding the building technology have already been implemented.

Additional rental income is generated through parking spaces, a garage, and a rented hall. Behind the building ensemble, there is also a spacious garden area available for communal use by tenants, further enhancing the quality of living.

Beyond the ongoing rental income, the property offers interesting long-term development potential. Due to the relatively low built-up area of the central and rear buildings, a prospective vertical expansion appears worth considering. Any such implementation is, of course, subject to compliance with building regulations.

Overall, this is an opportunity to acquire a high-yielding existing property with approximately a 6% gross rental yield, a diverse tenant and income structure, and additional development potential.

An interesting investment for investors who wish to sustainably expand their portfolio in the economically strong and university-influenced city of Gießen.

The property is located in the southern part of Gießen in the popular district of Kleinlinden, right on Frankfurter Straße. The location combines good access to downtown Gießen with short distances to the most important regional and supra-regional transport routes.

Gießen’s main train station, the motorway connections, as well as numerous shopping opportunities and everyday facilities can be reached quickly. In the immediate vicinity, there are also doctors, service providers, restaurants, and other supply offers.

A significant locational advantage is the proximity to the facilities of Justus Liebig University Gießen. In particular, smaller and medium-sized residential units benefit from a consistently high demand from students, singles, commuting professionals, and young workers.

The combination of good infrastructure, quick access to the city center, and a broad tenant demand makes Kleinlinden an attractive residential and investment location. At the same time, the location on Frankfurter Straße also provides the existing commercial unit with good visibility and accessibility.

Highlights

• Annual net cold rent approximately €89,520 – corresponds to about a 6% gross rental yield

• High proportion of small and medium-sized, very rentable residential units

• Attractive commercial unit in a highly visible location on Frankfurter Straße

• Gas heating systems renewed as early as 2015 and 2023

• Majority of the apartments renovated in recent years

• Additional income through parking spaces, a garage, and a rented hall

• Spacious garden area available for communal use

• Consistently high rental demand due to the university location in Gießen

• Broad tenant target group: students, singles, young professionals, and commuters

• Additional long-term development and value-enhancement potential

If interested, a short-term viewing appointment can be arranged.