House for sale • 597 m² without real estate, Bavaria

Up for sale is a well-maintained multi-family house with a total of 10 units, consisting of 7 residential units, 1 mobile phone shop, and 2 commercial units (Thai massage and IT company). The commercial units can be converted into residential space at any time. This amounts to nearly 500 m² of living space!!!

The building was constructed in 1961 using solid construction with concrete ceilings and has been comprehensively modernized in recent years.

The property impresses with a solid and long-standing tenant structure, a central location, and numerous ongoing renovation and maintenance measures. Both the basement and the attic are available for communal use by the tenants. Additionally, 3 garages are leased on a long-term basis, generating additional revenue.

________________________________________

Property Details

• Property Type: Multi-family house with a commercial portion

• Year of Construction: 1961

• Plot Size: approx. 251 m²

• Total Area: 596.2 m², divided into 208.85 m² commercial and 387.35 m² residential

• Total Number of Units: 10 (7 residential / 3 commercial)

• Garages: 3 (leased)

• Floors: 4 full floors + basement + attic

• Construction: solid, with concrete ceilings

• Heating: gas-fired individual heating units in each unit

• Energy Performance Certificate: available

________________________________________

Renovations and Upgrades (Excerpt from the Last Years)

The building as well as the residential units have been regularly modernized and updated to current technical standards.

Key Measures at a Glance:

• Plastic windows (renewed 1992/1993)

• Facade with insulation render

• Chimney renovation circa 2012

• Roof insulation circa 2014

• Renovation of the staircase circa 2014

• Reinforcement of the stairway exit to Ölstraße, stonework

• New intercom system with video function

• Sewer inspection and repair in 2019

• Dormer renovation 2023/2024

• New construction of the fireplace in 2024

• Partial renovation of the facade along Ölstraße / Nürnberger Straße

• Ongoing renovations of individual units after tenant move-out

Technical Upgrades:

• Gas pipelines from the basement to the attic completely renewed

• New electrical risers installed from the basement to the attic

• New meter cabinet installed in the basement

• New main water inlet with a modern filter and shut-off system

These measures ensure a contemporary technical standard and significantly reduce future maintenance needs.

________________________________________

Tenancy

The property is fully rented.

Current gross rent is approx. €85,000 per annum.

Current net rent is approx. €70,000 per annum.

The individual rental areas, rental income, and tenancy details can be found in the Excel tenant schedule.

The combination of residential and commercial spaces results in a stable rental income with attractive returns and further potential.

The multi-family house is located in the heart of Zirndorf, in the immediate vicinity of the city center.

Public transportation, shopping facilities, restaurants, schools, and recreational amenities are all in the direct neighborhood.

The city center and the main train station are reachable within a few minutes, making the location very attractive for both residential and commercial tenants.