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 building with two commercial units on the ground floor. The residential areas above are currently rented to students. The multi-family building with its commercial units benefits from an excellent city centre location and is conveniently within walking distance of the arcades.

In 2011, to expand the business premises, the rear section of the multi-family building was extended with a total of 315 m² of new construction, including 3 student apartments on the terrace, and a spacious basement was newly created to provide additional storage. The property is zoned as developable land, offering a variety of development opportunities. At the same time, three apartments on the terrace were newly built.

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

A rear house, originally built as a four-party building, completes the property and faces the backyard. This structure spreads over two spacious floors with a total area of 173 square meters and is currently occupied by the owner. Renting out this rear house would offer further attractive income opportunities.

The rear house features, on the ground floor, a spacious living room with a kitchen, a separate WC, and three office rooms – one of which has additional kitchen connections. On the upper floor there are four spacious rooms as well as a bright bathroom with both a bathtub and a shower.

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

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

The income property impresses with its excellent location 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 centre in the city. Thanks to this location, all daily necessities—including shops, restaurants, supermarkets, and public transportation—are conveniently within walking distance. This central position not only ensures a high quality of life for residents and business owners, but also promises continuous demand for rental properties, thereby enhancing the appeal of this income property as a long-term investment.

Features:

• Both houses completely renovated

• District heating

• Central location

• 2 commercial units

• Monthly net rental income from the multi-family house & parking space: 14,380 Euros

• Additional rental income potential: current rental prices are very moderate