House for sale • 960 m² without real estateLandwehrstr 13 Schweinfurt Schweinfurt Bayern 97421

Purchase Price 1,690,000€

Net Annual Rent 102,000 Euros

+25% Upside Potential

Current Yield 6%

Year of Construction 1929

Solid construction/decks (Riedel Bau)

Living Area according to plan 748 m² – 7 residential units

Commercial Area according to plan 212 m² – 2 units

Additionally, 126 m² of leasable usable area

Total Area 960 m² (+126)

Plot approximately 570 m²

4 garages, 2 parking spaces in the inner courtyard

Balconies/Terrace

General Condition:

Good building substance, dry basement, good roof and roof trusses, solid stairwell, very nice ceiling height of about 3 meters, central gas heating for 4 units, 5 units with individual gas stoves/electric heating

Maintenance:

New stairwell windows in 2020, completely new windows on the 1st floor right side, partially on the 2nd floor,

Refurbished gas riser installation in 2024, replacement of electric boiler/individual gas stoves

Potential:

Conversion/extension of the attic apartment with up to 5 additional rooms,

Rent adjustments, modernization of apartments as they become vacant

Location:

The property is very centrally located between the shops/restaurants of the downtown area and the university/companies/train station. In the immediate vicinity are the Stadtgalerie, Kaufland, St. Josef Hospital, FHWS, Campus 1 & 2, BOS II, Wilhelm-Sattler-Realschule, Kolping Vocational School,

Grammar School, Secondary School, Olympia-Morate-Gymnasium, Bayernkolleg, Schäffler, ZF, SKF.